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Story of the Week: December 2019

Divestment is a strategy that says 'I'm walking away' and somebody else is going to buy that share

Divestment is a strategy that says 'I'm walking away' and somebody else is going to buy that share

I have concerns about the methodology...Divestment is a strategy that says 'I'm walking away' and somebody else is going to buy that share. I think the worst emission culprits are the folks we should be concentrating our efforts on

Vermont Treasurer Beth Pearce

If we stopped producing fossil fuels today, we would all die.

If we stopped producing fossil fuels today, we would all die.

If we stopped producing fossil fuels today, we would all die. We wouldn’t have food, we wouldn’t have transportation, we wouldn’t have heat, we wouldn’t have air conditioning, we wouldn’t have clothes. Some of us would die later than others but we would not be able to exist in a world without the consumption of fossil fuels.

Dr. David F. Swensen, Chief Investment Officer at Yale University

International oil companies only produce 10% of the world’s oil - the rest is produced by companies, which operate in countries with much lower standards. — depthandtime/flickr, CC BY-NC.

International oil companies only produce 10% of the world’s oil - the rest is produced by companies, which operate in countries with much lower standards.

Recent research shows that the divestment movement could potentially reduce the flow of money to the world’s international oil companies (IOC’s). However, IOC’s only produce 10% of the world’s oil - the rest is produced by national oil companies, which operate in countries with much lower environmental and ethical standards, and do not face the same pressure from shareholders.

Stefan Andreasson, Senior Lecturer, Queens University Belfast

Divestment is ineffectual against its corporate targets and hurtful to ordinary people.

Divestment is ineffectual against its corporate targets and hurtful to ordinary people.

The divestment of fossil-fuel stocks is both ineffectual against its corporate targets and hurtful to ordinary people.

Robert Bradley Junior