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,…

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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…

Divestment Delusions Part Deux: Trillions Under Management

Guest ridiculing by David Middleton This is sort of a sequel to yesterday’s post about “Weepy Bill.” How often have you seen grandiose statements like these in moronic articles about fossil fuel divestment movements? Global Fossil Fuel Divestment Movement Reaches $6.24 Trillion in Assets Under Management The new divestment report, by Arabella Advisors, calculates that…