Posted on 03/25/2015 10:16:57 AM PDT by Citizen Zed
The second day of the three-day Loyola University Chicago Climate Change Conference began with a panel discussion on divestment from fossil fuels.
The Friday morning panel, titled “The Risks, Nuts, and Bolts of Divestment,” was chaired by Bruce Boyd, principal and senior managing director of Arabella Advisors, a company that works with foundations to improve planetary health and is now measuring global commitment to divestment from fossil fuels and reinvestment in alternative, clean energy sources.
In his opening remarks, Boyd noted that divestments are currently at $50 billion and are expected to reach $150 billion by the start of the United Nations climate negotiations in Paris in December. He reported there is significant movement globally, including this year’s Global Divestment Day (Feb. 13-14), which was marked by 450 events in 60 countries.
Boyd also welcomed Catholic involvement, quoting Pope Francis as declaring an “ineluctable ethical imperative to act." He summed up his remarks with what he called the clear message to the world, “The age of burn what you want when you want is over.”
(Excerpt) Read more at ncronline.org ...
Bump.
Total idiocy.
If it weren’t for the petrochemical industry, there would be no modern way of life.
Investment in fossil fuel companies usually provides steady dividends. If these morons want to “invest” their money in debacles like Solyndra let them.
Let me know when they are living a life completely free of the use of “fossil” fuels.
Until then they’re hypocrites...
“Divestment” worked so well for South Africa...
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