Smart Money Exiting Fossil Fuels–As In **Right Now**

Europe’s largest bank, UBS, is pulling out of all deals that involve coal and oil extraction in the arctic.  This comes on the heels of Wells Fargo’s making the precise announcement last week, and means that the cost of capital for these crimes against humanity is going up–thus pulling profitability down.

Add to this the impact of divestment, government regulation and electric transportation, and you get an industry under collapse.  Can’t happen soon enough.

Advice to investors (as Monty Python put it), “Run away!”