We asked the SEC to look into corporate global warming claims years ago.
Greenpeace wants the Securities and Exchange Commission to stop TransCanada from claiming the Keystone XL pipeline would create 20,000 U.S. jobs.
The company “has consistently used public statements and information it knows are false in a concerted effort to secure permitting approval” of the pipeline, asserted Greenpeace Executive Director Phil Radford in a letter Thursday to SEC Chairman Mary Schapiro.
“In the process, it has misled investors, U.S. and Canadian officials, the media, and the public at large in order to bolster its balance sheets and share price,” Radford added.
Radford contends that the company is violating SEC rules governing the employing of manipulative and deceptive practices. “It is incumbent on [TransCanada] to immediately and publicly correct this information — or be forced to do so by the Securities and Exchange Commission,” Radford wrote.
Specifically, Greenpeace contends that the company asserts that each mile of the pipeline constructed in the U.S. “would create American jobs at a rate that is 67 times higher than job creation totals given by the company to Canadian officials for the Canadian portion of the pipeline,” Radford wrote.
TransCanada has said the Keystone XL pipeline would create 20,000 jobs — 13,000 in construction and 7,000 in manufacturing…
Here’s a 2008 petition from the Free Enterprise Action Fund. The SEC routinely ignores such petitions, regardless of merit. The SEC link for the letter is: http://www.sec.gov/rules/petitions/2008/petn4-563.pdf