Institutional Investors Divesting Holdings in Fossil Fuels
Here’s an article that reminds us that every day, we see more evidence of the fact that divestment campaigns, i.e., the drive to get institutional investors to divest their holdings in fossil fuel companies, are gaining strength. Though it’s hard to imagine this making a serious impact on the ability of the oil, gas and coal companies to raise the capital they need to continue and expand their operations, this is nonetheless incredibly powerful stuff, for at least two different reasons. (more…)