Quote:
Originally Posted by redpoint5
divesting from petroleum stocks.
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Hagens gets beat up for saying this but his first masters was finance and he was VP at Lehman and at Solomon before opening his own firm in the 90's so I think he probably knows what he is talking about. Divesting from fossil fuels just lets someone else buy more of the stock back at a cheaper price, probably already rich board members, to make even more money on the dividends. Most of the big majors are fully funded and can do any future development without outside private investors bidding up the stock price.
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To make fossil fuel companies quit producing, the demand has to end.