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  • Mark Carney ‘Absolutely’ Opposes Oil Divestment

    • Date: 16/01/20
    • Terence Corcoran, Financial Post
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    I have some welcome news for Canada’s fossil fuel industry. Bank of England Governor Mark Carney, soon to be the UN envoy on climate finance, will not be joining the fossil fuel divestment movement. “I absolutely disagree with divestment campaigns,” Carney said in an email to an FP Comment column reader in Calgary. Carney’s categorical rejection of […]

  • Fossil Fuel Divestment Has ‘Zero’ Climate Impact, Says Bill Gates

    • Date: 17/09/19
    • Financial Times
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    Climate activists are wasting their time lobbying investors to ditch fossil fuel stocks, according to Bill Gates, the billionaire Microsoft co-founder who is one of the world’s most prominent philanthropists. Those who want to change the world would do better to put their money and energy behind the disruptive technologies that slow carbon emissions and […]

  • Divestment and the Future Uses of Oil, Gas and Coal

    • Date: 15/05/16
    • Dr John Constable: GWPF Energy Editor
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    Coal is now only a trace element in the UK’s electricity supply; Saudi Arabia is selling shares in Aramco. Is it all over for fossil fuels? Or have we simply misunderstood where the future utility of these remarkable substances really lies? Over the last year there has been an increasing tendency for climate change activists […]

  • Anti-Green Divestment: Poland Threatens To Kill Wind Industry

    • Date: 17/04/16
    • Henry Foy and Pilita Clark, Financial Times
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    Poland’s thriving wind energy industry has warned that it faces bankruptcies, rapid divestment and an end to growth under a bill that threatens executives with prison. The wind power sector in Poland installed the largest amount of turbine capacity in the EU last year after Germany, taking total industry investment to €8bn. Turbines, including those […]

  • California’s Divestment Fiasco Hits Public Sector Pensioners Hard

    • Date: 08/04/16
    • The American Interest
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    For many years, California’s public employee pension funds have made feel-good social activism a higher priority than generating returns for their retirees. And now that the funds are facing an utterly massive shortfall, the costs of this kind of politically folly are becoming painfully clear. From Reuters: CalPERS is learning that social responsibility can be a drag. The $290 billion California pension […]

  • Matt Ridley: Why Fossil Fuel Divestment Won’t Work

    • Date: 18/05/15
    • Matt Ridley, The Times
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    Divestment won’t work, is unethical, hypocritical, aimed at the wrong target and based on flawed premises. Institutions and pension funds are under pressure to dump their investments in fossil-fuel companies. The divestment movement began in America, jumped the Atlantic and has become the cause célèbre of the retiring editor of The Guardian, Alan Rusbridger. The idea […]

  • Guardian Divestment Campaign Propping Up Fossil Fuel Shares

    • Date: 27/04/15
    • James Mackintosh, Financial Times
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    The Guardian’s divestment campaign has lit a carbon-based bonfire under crude prices. This has been great for investors who didn’t follow the Guardian’s advice. Shares in oil and gas companies are up handily. You’ve got to hand it to Alan Rusbridger: he’s a great contrarian indicator. The editor of The Guardian launched his valedictory campaign to demand divestment […]

  • Fossil Fools: What’s Wrong With Fossil Fuel Divestment

    • Date: 17/04/15
    • Walter Russell Mead, The American Interest
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    Never underestimate the environmental movement’s ability to squander its resources. Today’s fossil fuel divestment campaign is the latest example of fecklessness, and yet another demonstration—as if we needed one—that greens don’t understand the problems they’re trying to fix. John Gapper writes for the FT: The [divestment] movement is an elaborate charade, which is too inconsistent and impractical to […]

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