Adriana Santos-Caballero has very wisely answered.
In the broad interest of protection of environment, I feel we should support the divestment.
I think this approach will not work and we should invest more time educating people as to why we need to move away from fossil and why renewables provide a better alternative.
Yes , I do !!!
Why - back lash of fossil fuel in terms of $$$ and used up !!!
PS- redesign of machines that run of alternate forms of energy , nooooo not battery !!!!
I think an early exhaustion of the fossil fuel stock will be beneficial for human civilization.
If any alternative energy source can can stop it's use from tomorrow, the human civilization may get a chance to survive.
It presume this for the following reasons.
1. Fossil fuel use cause production of carbon di oxide which is the main cause of global warming.
2. It is the source of all kind of plastics.
I don't agree with Shibabrata assumption that an early exhaustion will be beneficial to ham civilization beacause it only favors nations with the technology and resources to survive.
Dear sir
Link may be help you
Appreciate your efforts… best wishes
https://www.theguardian.com/environment/2016/dec/12/fossil-fuel-divestment-funds-double-5tn-in-a-year
More than that, I support investment, by energy companies (fossil fuel companies), in alternative energy solutions. Meaningful energy production is a large scale proposition, no matter the source. Relying on individuals or an artisanal industry alone, I don't think, will bring long-lasting solutions.
Make aware people rather its consequnces and explore alternate energies for further use.
It began in 2012 with Unity College in Maine. Then Stanford joined in, followed by Syracuse. Now, more than 20 US colleges have divested from fossil fuel companies. A month ago, Swarthmore students stepped up pressure for their administration to divest by occupying a campus building, a move mirrored by students at University of Mary Washington, Harvard and Yale.
Why? As the divestment advocate Go Fossil Fuel Free puts it: “If it is wrong to wreck the climate, then it is wrong to profit from that wreckage.”
But once an institution has divested, the question arises: what to do with the money? When the Rockefellers, The Gates Foundation, Warren Buffett and George Soros all sold Exxon, you know they didn’t just put the proceeds under the mattress.
Whether they ultimately divest or not, colleges have a great option: they can invest in themselves. Last year, Swarthmore’s board of managers rejected divestment, for example, but committed millions of dollars to enhancing energy efficiency at the college.
Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is the removal of investment assets including stocks, bonds, and investment funds from companies involved in extracting fossil fuels, in an attempt to reduce climate change by tackling its ultimate causes.
Dear Kirk,
Dear All,
As I have written several times, divestment of fossil energy stocks is not enough. Total change of human way of life is needed. We waste/spoil of water, all kinds of materials as well as energy. A thinking and acting evolution may be the aim if we want to survive. Discussions are but nothing without acting!
Adriana has shown a good example.
Of course, without democracy, it does not go.
In recent years, a rigorous analysis has arisen around the argument that, in a world with carbon restrictions, reserves of unburnable fossil fuels are stranded assets that will lose value. For example, a recent article by Forbes notes that a "2013 report commissioned by the Associated Press and conducted by the research firm S & P Capital IQ found that a university grant that withdrew from the 200 fossil fuel companies targeted by the Disinvestment campaign would have avoided substantial losses. "
Adriana Santos-Caballero has very wisely answered.
In the broad interest of protection of environment, I feel we should support the divestment.
No : divesting simply passes the buck, it doesn’t change anyone’s policy. Engage! Buy shares and press YOUR firm to behave better.
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