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Fossil Fuel Divestment Has Doubled In the Last 15 Months (vice.com)
An anonymous reader quotes a report from Motherboard: A little over a year ago, it was big news that thousands of people and hundreds of institutions controlling more than $2.6 trillion in total assets had pledged to remove their investments from stocks, mutual funds, and bonds that invest in fossil fuel companies. A year later, that number has doubled. According to a report by DivestInvest, a philanthropy helping to lead the movement, more than 688 institutions and 60,000 individual investors worth $5.2 trillion have pulled their investments from fossil fuel companies and have reinvested a portion of their assets into clean energy companies. In September 2015, 436 institutions and 2,040 individuals worth $2.6 trillion had divested. For comparison, the total net worth of investors who had pulled out of the fossil fuel market was just $52 billion in September 2014. Divestment is increasingly seen as one of the stronger moves that private citizens and companies can take to support the move to clean energy. The movement started in earnest in 2011 when college students began petitioning their institutions to remove their assets from stocks, bonds, and mutual funds that invest in fossil fuel companies. What was seen as a gimmick at the time appears to be gaining real momentum a year after the Paris Climate Treaty was signed.
It was the individual investors that called for this. Why would they sue over something they asked for?
This means my investment in oil, shale, and natural gas should reap even larger returns
Not true. They sell their investments to other investors. That by itself has zero effect on your investment. But if this happens enough, it signals the market that these investments may not be as worthwhile, and new investors may offer lower prices as a result. Down goes your portfolio.
Freedom to fear. Freedom from thought. Freedom to kill.
I guess the War on Terror really is about freedom!
Assuming he reinvests as the share price goes down, the per-share dividends will increase (all else being equal).
Old people fall. Young people spring. Rich people summer and winter.
Exxon shares probably went up already, Trump wants the CEO as Secretary of State
Ooh, ooh! I can answer that one! Absolutely nothing whatsoever, because it's a charitable foundation and doesn't have business contracts with countries in the Middle East.
The Clinton Foundation has raised $50m or less from Middle Eastern countries since inception, out of a total of $2bn.
I hope that clears things up for you.
Yeah... the unsubstantiated claim of possibly buying ... an appointment.
That is an atrocity.
Of course the president elect actually having used his foundation to bribe TWO different state attorney generals not to criminally charge him - is entirely acceptable right ?
Unicode killed the ASCII-art *
Exactly. So Donald Trump can admit he was making up crap about it when he protested that he won the popular vote if not for the illegals.
Why should he? There are 2 counties that make up the "popular vote" difference: Cook County (home of Chicago, Illinois, famous for widespread corruption and credible accusations of voter fraud), and Los Angeles County, a "sanctuary city" with lots of illegal immigrants, lots of whom are given driver's licenses, and are automatically registered to vote by the CA DMV.
Is that proof that there were "millions" of illegal votes? No, of course not. But there is no way to prove otherwise.
"Somebody has to do something. It's just incredibly pathetic it has to be us."
--- Jerry Garcia