Consider the source:
Cato’s Pat Michaels Admits 40 Percent of Funding Comes From Big Oil
Pat Michaels admits 40% of funding is tainted
The Cato Institute, a libertarian think tank based in Washington DC, was founded in 1977 by Edward Crane and Charles Koch, the billionaire co-owner of Koch Industries, the largest privately held oil company in the U.S.
The Cato Institute holds regular briefings on global warming with known climate 'skeptics' as panelists...According to People for the American Way, Cato has been funded by: Philip Morris, R.J. Reynolds, Bell Atlantic Network Services, BellSouth Corporation, Digital Equipment Corporation, GTE Corporation, Microsoft Corp- oration, Netscape Communications Corporation, NYNEX Corporation, Sun Microsystems, Viacom International, American Express, Chase Manhattan Bank, Chemical Bank, Citicorp/Citibank, Commonwealth Fund, Prudential Securities and Salomon Brothers.
Energy conglomerates include: Chevron Companies, Exxon Company, Shell Oil Company and Tenneco Gas, as well as the American Petroleum Institute, Amoco Foundation and Atlantic Richfield Foundation.
Deniers: Cato Institute - ExxonSecrets