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Fossil Fuel Divestment: Economically Reckless and Morally Callous
Fossil Fuel Divestment: Economically Reckless and Morally Callous
May 14, 2024 5:47 AM

“Who cares about the suffering and premature death of millions in the developing world?” asks Bruce Edward Walker in this week’s Acton Commentary.”Not religious activists agitating for fossil fuel divestment.”

In another trendy move, environmentalist shareholder activists are pressuring panies in which they invest to scale back in part pletely their interests in oil, gas and coal. For example, Danielle Fugere, president and chief counsel at the As You Sow religious shareholder activist outfit, told The Guardian last month that “market fundamentals” are changing. “We see a whole number of factors moving markets away from fossil fuels – pollution, technology changes, efficiency petition from low-cost renewables,” she said. “We’re seeing the market changing – the world is moving to cleaner resources, and these panies have to move with the market or they’ll get replaced.”

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

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