Author Topic: Addressing climate change  (Read 8225 times)

0 Members and 0 Guests are viewing this topic.

Offline Omni

  • Full Member
  • ***
  • Posts: 8563
Re: Addressing climate change
« on: May 18, 2019, 02:09:24 pm »
And other investors don't:

There is money to be made pandering to the prejudices of people like you and Granny so there will always be people talking up their so called "ethical" investing strategy. That does mean the world has actually changed.

And there is money to be made from people who are pulling their investments out of fossil fuel stocks because they don't dismiss what science/scientists are showing/telling them. i.e. rapidly heating arctic, release of methane from what used to be permafrost, huge areas of missing polar ice cap, severe floods over here, severe droughts over there, forest fires burning in California all winter long, etc., etc. Even some of those little guys in the fossil fuel market (you know, like Exxon-Mobil for instance) are using wind/solar to help produce their product.

Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.

Under 12-year agreements with Denmark’s Orsted A/S, Exxon will buy 500 megawatts of wind and solar power in the Permian Basin, the fastest growing U.S. oil field. It is the largest ever renewable power contract signed by an oil company, according to Bloomberg NEF. Terms weren’t disclosed.