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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 5518 times)

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AGelbert

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    • Renwable Revolution
https://www.youtube.com/watch?v=N8HCiwa9FWI&feature=player_embedded

First Country in the World Dumps Fossil Fuels As Divestment Movement Heats Up 

Cole Mellino

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Quote
February brought even more excitement for the global divestment campaign. Norway’s Government Pension Fund Global reported yesterday that a total of 114 companies had been dumped because of their risk to the climate, according to The Guardian. While the wealth fund moved billions of dollars in assets out of shares in fossil fuel companies, it still has billions invested in other fossil fuel companies.

Still, as the world’s largest sovereign wealth fund, its move to divest has a large impact. Here’s a tweet by Bill McKibben yesterday sharing the news:

Norway made all its $ on oil, but now dumping fossil fuel stocks. The Rockefeller of countries http://www.theguardian.com/environment/2015/feb/05/worlds-biggest-sovereign-wealth-fund-dumps-dozens-of-coal-companies?CMP=share_btn_tw

http://ecowatch.com/2015/02/06/divestment-movement-heats-up/

Renewable energy=                                 =Fossil Fuelers
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

 

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