Cold Science: Climate Change's Unfinished Debate in 1999. It was co-authored with Frederick Seitz, another research fellow of the institute. The book included Singer's 2004 essay, "The Scientific Case against the Global Climate Treaty". The institute also published a 2003 policy report, "New Perspectives in Climate Change: What the EPA Isn't Telling Us", also by Singer. That report criticized the EPA's 2001 Climate Action Report. Funding For the fiscal year ending June 30, 2014, the institute had total revenue of $2,775,869. From 2007 to 2011 the institute took in $12,249,065 from gifts, grants, contributions, and membership fees; and $536,747 in gross income from interest, dividends, payments received on securities loans, rents, royalties, and income from similar sources. Microsoft funding controversy On June 2, 1999, the institute sponsored a full-page advertisement titled Open Letter on Antitrust Protectionism in the Washington Post and the New York Times. The ads were signed by 240 economists and claimed "headline-grabbing cases against Microsoft, Intel, Cisco Systems, Visa and MasterCard, along with a flurry of merger investigations now underway, would appear to demonstrate the need for a vigorously enforced antitrust policy that will create checks and balances to eliminate consumer harm. However, consumers did not ask for these antitrust actions—rival business firms did." In September 1999, a controversy arose when New York Times reporter Joel Brinkley stated that the advertisements had been paid for by Microsoft. Based on internal Independent Institute documents "provided to the New York Times by a Microsoft adversary associated with the computer industry who refused to be further identified", Brinkley wrote that Microsoft "has secretly served as the institute's largest outside financial benefactor in the last year." Independent Institute internal documents showed that Microsoft had contributed $203,217 in 1999, making it the single largest contributor. Brinkley calculated that Microsoft's contribution amounted to approximately 20% of the funds in 1999 from external sources, excluding $304,725 contributed by Theroux. The day after Brinkley's article appeared, Theroux stated that "our final year-end records do not agree with the numbers he had been provided by his source" and claimed that at the media conference he had stated that the Microsoft funding amounted to 7%. "It now appears the final figure is about 8%, a statistically insignificant difference, and far less than the 20% figure Mr. Brinkley claimed in his article," said Theroux. In June 2000, Wall Street Journal staff reporters Glenn Simpson and Ted Bridis revealed