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The Brian Lehrer Show

Acting Out

Thursday, September 20, 2007

New York State Attorney General Andrew Cuomo invoked the Martin Act this week to tackle five energy companies. Eric O. Corngold, executive deputy Attorney General for Economic Justice talks about the use of the Martin Act. Then, Alan Lewis, partner at Carter, Ledyard & Milburn, and Dale Bryk, senior attorney with NRDC, discuss if this is an innovative use of the Martin Act.

Link to the Attorney General's website with information on the Martin Act
Natural Resources Defense Council
Carter Ledyard & Milburn LLP


Comments

  • [1] mgdavey from manhattan September 20, 2007 - 10:32AM

    "Innovative use of the Martin Act", my foot. This is out and out abuse of the power of the office in order to pursue environmental policy. Are the companies in violation of the act because they didn't foresee this sort of spurious prosecution as well? What a nightmare.
  • [2] Heather Langsner from New York September 20, 2007 - 10:39AM

    What is missing from this conversation is the fact that these risks have been identified on a company specific basis for more than 10 years and such information is already available in the form of investment reports to pensions and other investorss

    cheers

    Heather Langsner

    Director of Research

    Innovest Strategic Value Advisors, Inc

    212 421 2000 ext 212

    www.innovestgroup.com
  • [3] Trevor from LIC September 20, 2007 - 10:47AM

    The sooner corporations are put under the thumb to stop acting irresponsibily, the better.

    Free market ideas cannot and will not solve global warming.


This thread is closed.


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