Why Divesting From Big Oil Will Only Hurt The Environment In The Long Run

Why Divesting From Big Oil Will Only Hurt The Environment In The Long Run l Forbes

by Wal van Lierop, May 24, 2016

  • For those of us who aspire to a carbon-free future, divestment is a double-edged sword. Divestment from fossil fuels does not equal re-investment into alternative energysources. Divestment also means losing your vote. If you’re anExxonMobil XOM +0.65%Chevron CVX +1.62%ConocoPhillips COP +3.54%, or Marathon Oil MRO +4.03% shareholder who cares about climate change, now is the moment to keep your seat at the table. Once you’re gone the companies have no reason to listen to you.