Monday, 16 March 2015

Can People Really be Convinced They Should Divest From Fossil Fuels?


There is a substantial article devoted to arguing that it makes sense to 'divest' (sell shares?) in fossil fuels if the world is to have any chance of limiting climate change (http://www.theguardian.com/environment/2015/mar/16/argument-divesting-fossil-fuels-overwhelming-climate-change). 'Logical", as Mr Spock would have said but is there really any chance of this happening? There are a good few relatively powerful countries that make a substantial amount of their GNP from coal, gas and oil who would be more than unhappy at the prospect. There are major multinationals, with big publicity budgets, who would argue against any such moves, citing job losses and tottering pension funds. In some countries, a substantial number of elected politicians don't even admit that human-engineered climate change is even a possibility (they think it's all an evil conspiracy?). Joe public wants cheaper heating and electricity. I can't really see it happening, even if the occasional church or UK University is persuaded to sell some of its shares.

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