Two new major campaigns have emerged in recent weeks in the never-ending battle against human-caused climate change.
The first is an organized movement to encourage divestment of shares in fossil fuel companies. This had some success in the campaign against South Africa’s apartheid regime, although other factors (like the dramatic drop in gold prices) had quite a bit to do with it as well. Similar campaigns have not worked well against Israel or tobacco companies. The second ‘campaign’ is a more general exhortation to unite in forcing the world to leave fossil fuels in the ground unburned.
As I recently wrote, I have no problem with people or institutions reconfiguring their portfolio to move away from business sectors that trouble them. However, some of their additional justifications for doing so don’t really make sense.
They warn that fossil fuel reserves may become stranded assets as political bans against fossil…
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Utopia, you are standing in it! 
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