Of course, you will recognize that any
type of Risk Arbitrage or
Event Driven investing is a very specific form of investing in stocks with a
catalyst, and IRR is the de rigeur analytical framework for this
type of investing.
a) they don't believe the premise of man - made climate change: they don't think scientific data collected to date is adequate to prove conclusively that any
type of man - made
event can result in either the recent fluxuations in climate or the anticipated kinds of drastic climate change, therefore CO2 control would be ineffective at solving the problem b) they don't believe CO2 alone is responsible: they think other variables are as or more likely to be the
catalysts or causes for the scientific data collected to date on climate change therefore CO2 control would be ineffective at solving the problem c) they believe government efforts to curb CO2 emissions will fail resulting in an unprecedented waste of money and worse economic conditions.