Author Topic: No llores por mí Alberta  (Read 34859 times)

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Offline Queefer Sutherland

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Re: No llores por mí Alberta
« Reply #765 on: October 04, 2020, 02:54:53 pm »
Did you..open it?

Yes.  Ok, what is the specific impact of this behaviour on the markets and oil industry investment?  Approx what % of investors fled the industry in the last 5 years because of climate change concerns vs profit concerns?  There's zero data in this quote.  Showing that some have divested from the oil industry doesn't indicate that the drop in oil markets has been caused by it nor does it indicate any specifics on the impact this has had on the industry in terms of dollars or percentage.

If some environmentally concerned westerners divest due to environmental concerns the stock price goes down.  If this causes the stock price to fall below the actual value of a company, it becomes a profitable buy for someone else who doesn't care about environmental concerns and only cares about making money, that could come from other westerners or some greedy rich dudes in China.  Over the longterm, the stock market typically values companies more or less correctly, because that's one of its core functions.

The fact that oil companies have become far less profitable over the last 5 years due to the global price drop of oil and this coincides with the drop in share value for oil companies tells us that this is almost certainly the driving factor in investors divesting in oil the last 5 years, and it not mainly being environmental concerns.
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