Impressive stuff, except, as has been pointed out, Lehman should have been more concerned with existing markets rather than phantom ones.

Australia's climate change sceptics communicate through an online group called Climatescience and contribute to the climate-sceptic website www.icecap.us.

"A year ago they couldn't predict their bankruptcy, but were predicting the climate

100 years ahead," crowed one climate change sceptic. "Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. Lehman Bros said it! Sacred words!"

Merrie makes a great point. Climate models can't predict CURRENT climate (or even past climate) and we're supposed to believe that they have a clue about 100 years from now? They can't predict their financial condition, but they know what the climate will be?

The Lehman climate predictions were just market hype designed to push a particular product. Gore is/was getting very wealthy off his caps business and so was Lehman.