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View Diary: Open thread for night owls: Divestment movement is changing climate activism (92 comments)

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  •  question about divestment (1+ / 0-)
    Recommended by:
    JeffW

    Do fossil fuel companies really care if a bunch of people and schools stop holding their stocks?  I mean, every share that is sold is bought by another investor... isn't it?

    Seems like public companies are more likely to be afraid of people buying lots of shares when those people may demand the companies behave differently.  

    I admit I haven't read the full rationalization behind the divestment movement, but perhaps someone can give me (or point me to) the cliff-notes version?

    "The death penalty is never about the criminal. They've already done their worst. The question is always "will we join them"?" - jlynne

    by Hopeful Skeptic on Thu Jan 24, 2013 at 09:31:29 PM PST

    •  The underlying point is economic. The campaign... (2+ / 0-)
      Recommended by:
      Hopeful Skeptic, JeffW

      is political. The stock price of fossil fuel companies is massively inflated by claims of future profits that will depend on extracting proven reserves that exceed what humanity can survive by 5 to 1.

      By pulling their investments from fossil fuel companies, these massive institutions (~$400 billion in endowments) will start a conversation about what a bad investment the companies in question really are.

      "The Democratic Party is not our friend: it is the only party we can negotiate with."

      by 2020adam on Fri Jan 25, 2013 at 12:50:01 AM PST

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