Complete divestment from fossil fuels has always been viewed as a somewhat naive socially-responsible investment approach. But it appears that several environmental foundations are in fact pursuing this goal. What was unthinkable a couple of years ago has moved to center stage in the climate change risk debate due largely to Bill McKibbon's grassroots organization 350.org.
Bill McKibben, president and co-founder of 350.org, said he had been encouraged by the spread of the argument “that fossil fuel companies as they’re currently incarnated are essentially rogue companies, that they have in their reserves far more carbon than any scientist thinks it’s safe to burn.”
http://nyti.ms/1a2DRcD
Bill McKibben, president and co-founder of 350.org, said he had been encouraged by the spread of the argument “that fossil fuel companies as they’re currently incarnated are essentially rogue companies, that they have in their reserves far more carbon than any scientist thinks it’s safe to burn.”
http://nyti.ms/1a2DRcD