CNN: Rich People Can Save “the Planet From Climate Change” Aeuhhh???

Guest Aeuhhh???? by David Middleton CNN: The Stupid, It Burns… How rich people could help save the planet from climate change By Stephanie Bailey, CNNUpdated 5:20 AM ET, Fri July 12, 2019 (CNN) Rich people don’t just have bigger bank balances and more lavish lifestyles than the rest of us — they also have bigger…

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Yahoo! Finance ExxonMobil Divestment Fail

Guest slam dunk by David Middleton Yahoo! finance… A Major Shareholder Has Divested From Exxon Say Contributor July 2, 2019 One of ExxonMobil’s biggest shareholders, Legal & General Investment Management, has removed the company from its $6.3 billion “Future World” funds over its failure to respond to climate change. LGIM, among Britain’s largest asset managers,…

Divestment Goes Full-Billy Madison

Guest ridiculing by David Middleton This post employs Billy Madison as a euphemism. Fossil fuel divestment is, by definition, Billy Madisoned. It is a concerted effort hold back or slow down fossil fuel production by cutting off access to capital. Fossil fuel divestment is “a really futile and stupid gesture”. An investment can only be…