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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.
The article isn't clear but it implies that most of the divestment comes from removing fossil fuel companies from stock portfolios.
If so then the companies aren't buying those stocks back, somebody else is buying them. It doesn't effect the company one bit, other than maybe drive the price down minutely while it's a sellers market. All that really does is minutely help the buyers who are now taking on the risk and the reward of owning that stock.
Either I'm confused about what they're doing or they are.
Buy 1000 shares of Exxon. Congratulations, you now own 0.000025% of Exxon! Now get out there and exert your influence!
The only way Trump is going to get coal miners back to work is to use taxpayer money to give every American a sack of coal for Christmas.
Seems like Stein and Cankles already got their coal for Christmas from Trump!
Wisconsin recount: Trump picked up an additional 162 votes!
The Wisconsin recount found "no widespread voter counting errors or hacking.â
Be careful what you ask for, you just may get it!
Strat
Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
You're confused about what they're thinking. They're *caring*, not thinking. What mostly matters, to them, is what they're *feeling*. It doesn't matter much whether it works or not, it's mostly about the emotions, the math is beside the point.
That may come across as critical; it's not meant to be. Liberals criticize conservatives saying conservatives don't care. The liberal parody of a conservative is an accountant type, working the numbers quite dispassionately. There is a grain of truth to that. We do the arithmetic of the stock transactions, they *care*.
While we're on what presidential candidates owe foreign nationals: What does the Clinton Foundation owe the middle east.
"If you are not part of the solution, you are part of the problem."
Yeah, no. You can be not part of the solution and not part of the problem.
Your absolutely irrational. His real estate empire is big enough that it can't be divested in a meaningful time frame, and to attempt so would seriously damage that part of the real estate market.
Of course he could get rid of his empire - he could sell it for 10 cents on the dollar to some non-profit, which slowly sells of the assets. If he is really worth 10 billion, that would leave him one billion - or, assuming he retires in 2020, and manages to stay alive another 50 years ("the greatest age ever seen"), 20 million a year just from the capital, without any profits from investment. If he gets a return of 2 percent, that's 20 million a year forever - or more per year than a typical well-educated, well-employed software-engineer makes in a lifetime.
If he doesn't sell, either he's greedy, or he know it's not worth remotely what he claims.
Stephan