Fossil Fuel Divestment Debate Settled

Protesters have argued that you shouldn’t try to profit off the end of the world. New analysis shows that, in any event, you won’t. Photograph by David Grossman / Alamy

This is a short read with a big implication; as always we are grateful to Bill McKibben for his weekly newsletter:

The Powerful New Financial Argument for Fossil-Fuel Divestment

A report by BlackRock, the world’s largest investment house, shows that those who have divested have profited not only morally but also financially.

In a few months, a small British financial think tank will mark the tenth anniversary of the publication of a landmark research report that helped launch the global fossil-fuel-divestment movement. As that celebration takes place, another seminal report—this one obtained under the Freedom of Information Act from the world’s largest investment house—closes the loop on one of the key arguments of that decade-long fight. Continue reading