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Fossil Fuel Divestment: A Fool's Errand
Forbes ^ | July 7, 2016 | Robert Bradley Jr.

Posted on 07/10/2016 11:55:26 PM PDT by 2ndDivisionVet

Green activists are getting schooled in fossil fuel divestment. Despite left-environmentalists’ best efforts, New York University and the University of Cambridge just rejected pleas to stop investing in fossil fuels.

The green push for institutions to scrap all oil, natural gas, and coal investments is several years old. Campaigners insist that starving fossil fuel producers of capital will leave mineral energy in the ground, save the climate, and thus rescue the earth.

There isn’t enough space in this piece to dissect the exaggerated fears of global warming. Suffice it to say that climate science is revealing lower climate sensitivities to the enhanced greenhouse effect. And global lukewarming has benefits, not only costs. Carbon rationing via government decree and/or an investor revolt against fossil fuels is both intellectually and politically misplaced.

Scientific arguments aside, it is incontrovertible that our modern way of life depends on mineral energies. Fossil fuels are the stock of energy that is dense, portable, and storable, quite unlike the diluted flow of energy that comes from the sun directly (solar) or indirectly (wind). Chemistry and physics cannot be changed by altering a few high-profile investment portfolios....

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Education; Politics
KEYWORDS: energy

1 posted on 07/10/2016 11:55:26 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

I live in a very wooded area, so solar panels would not be practical. But you see desperation in the solar industry. My wife and I walked into Lowe’s and we were assaulted by a solar panel salesman. He hit us on the way out and every other customer as well. The solar industry is dying and desperate. It would not survive without kickbacks and huge cash and fusions from governments, federal and state.


2 posted on 07/11/2016 2:49:35 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: 2ndDivisionVet
Scientific arguments aside, it is incontrovertible that our modern way of life depends on mineral energies.

That is the whole point behind most "green" activism. They *want* to force us back to a more primitive lifestyle.

3 posted on 07/11/2016 3:00:33 AM PDT by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
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To: 2ndDivisionVet

“global lukewarming...”

Har!


4 posted on 07/11/2016 3:28:14 AM PDT by sauropod (Beware the fury of a patient man. I've lost my patience!)
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To: 2ndDivisionVet

The New York University and the University of Cambridge faculties didn’t want to give up their fossil-fuel burning Volvos and Subarus?

Imagine that.


5 posted on 07/11/2016 5:11:04 AM PDT by moovova
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To: 2ndDivisionVet

OK!! Everybody pay attention!

Lesson for today:

1. The sun is 1,300,000 times as big as the earth.

2. The sun is a giant nuclear furnace that controls the climates of all its planets.

3. The earth is one of the sun’s planets.

4. The earth is a speck in comparison to the size of the sun.

5. Inhabitants of the earth are less than specks.

Study Question: How do less-than-specks in congress plan to control the sun?


6 posted on 07/11/2016 5:40:10 AM PDT by abclily
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