+- +-


Welcome, Guest.
Please login or register.

Login with your social network

Forgot your password?

+-Stats ezBlock

Total Members: 48
Latest: watcher
New This Month: 0
New This Week: 0
New Today: 0
Total Posts: 16867
Total Topics: 271
Most Online Today: 659
Most Online Ever: 1155
(April 20, 2021, 12:50:06 pm)
Users Online
Members: 0
Guests: 1
Total: 1

Author Topic: Fossil Fuel Propaganda Modus Operandi  (Read 37683 times)

0 Members and 0 Guests are viewing this topic.


  • Administrator
  • Hero Member
  • *****
  • Posts: 36274
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Fossil Fuel Propaganda Modus Operandi
« Reply #60 on: August 02, 2015, 04:38:05 pm »
Breaking up is hard to do?  


What are the arguments against divestment?

Critics of the fossil fuel divestment movement say that it is hypocritical because a globalised western society (and the individuals within it) are dependent on coal, oil and gas for their everyday lives. One group supporting an anti-environmentalist firm built it into their PR strategy, releasing this film:


Others, such as the Financial Times’ John Gapper, say that the movement should be targeting the companies emitting high quantities of carbon, rather than the producers alone. He argues that divestment is only a “grand symbolic gesture” that will not have a financial impact because others will pick up the shares.

Some, such as Times columnist Matt Ridley, argue that the movement is unethical on poverty grounds, because fossil fuels are needed to build the economies of developing countries. He says it demands that institutions “prioritise the possibility of the start of net harm in the time of our great-great-grandchildren over the plight of the poor today”.

Many of these arguments are refuted in 10 myths about fossil fuel divestment put to the sword.

We all use fossil fuels – isn’t divestment hypocritical? 

Of course, much of the goods and utilities – from heating to plastics – that we use in daily life are dependent on fossil fuels. But the fossil fuel movement will not bankrupt the industry overnight – and indeed its impact is being felt largely though political means, not financial. Instead it argues that fossil fuels are driving us towards catastrophic levels of climate change and that the world needs to transition to much greater dependence on renewables – and do so much more quickly.

Consumers can of course be pro-active and make changes to their own lifestyles, which is important. Yet it is the producers who have the power to make the difference that will – or will not – see global temperatures breach internationally agreed targets to prevent climate change occurring on a catastrophic and irreversible scale. These producers are currently committed to business models that will take us well beyond that.

Won’t the fossil fuel stocks be bought by others?

Yes, others may buy the stocks, although the amounts being divested are too small to flood the market and cut share prices, so they won’t be going cheap.

This cuts to the heart of the impact of the fossil fuel divestment movement – which is not to bankrupt the industry financially, but to do so morally and politically. As research by Oxford University pointed out, the financial loss of the divestment campaign – the fastest growing in history – will not be felt through the shares sold but through the reputation lost by these companies by being stigmatised.

But the fossil fuel divestment campaign does not only make a moral assertion; it makes an economic one. Shares invested in fossil fuel companies are invested in a business model that is completely incompatible with international agreements on mitigating climate change. If governments abide by them, such investments will become worthless – so pulling them out now makes good financial sense too.

Will organisations that divest lose money?

Not necessarily – in fact they may even make money. Companies such as HSBC have warned clients about the risks of fossil fuel investments. Even though fossil fuel companies are some of the most lucrative on the planet, the “stranded assets” argument – that fossil fuel investments will become worthless if international agreements on climate change are met – suggests they are several times overvalued.

Coal prices have dropped significantly in the past few years and the oil price has also done so more recently. A recent analysis by MSCI, the world’s leading stock market index company, indicated that portfolios free of fossil fuel investments have outperformed those with assets in coal, oil and gas companies over the last five years.

There is also ample opportunity for investment in the green economy. Researchers predict that renewable energy will become the cheapest source of electricity in the next decade, with the cost of solar having fallen by two-thirds between 2008 to 2014, according to the IEA thinktank.

Further reading: (links at main link below)

The climate change denier’s guide to getting rich from fossil fuel divestment

Can the world economy survive without fossil fuels?

Climate Action and Profitability: the Carbon Disclosure Project

Won’t divestment mean losing influence with the companies?

Jeremy Farrar, director of the Wellcome Trust, takes this view arguing that “all fossil fuel companies are not equal” and can be influenced by active shareholder engagement. This is lost if an institution divests.

But there are few examples of engagement resulting in significant change. The Wellcome Trust, for example, say that they cannot share any such results without losing the confidence of those they engage with.

The one recent example that is often used are the shareholder resolutions at BP and Shell asking them to test the extent to which their business models are compatible with international agreements on climate change. However questions have been raised about the potential impact of the resolutions and the extent to which activists collaborated with the oil giants behind the scenes.

A Beginners Guide to Fossil Fuel Divestment


He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37


+-Recent Topics

Future Earth by AGelbert
March 30, 2022, 12:39:42 pm

Key Historical Events ...THAT YOU MAY HAVE NEVER HEARD OF by AGelbert
March 29, 2022, 08:20:56 pm

The Big Picture of Renewable Energy Growth by AGelbert
March 28, 2022, 01:12:42 pm

Electric Vehicles by AGelbert
March 27, 2022, 02:27:28 pm

Heat Pumps by AGelbert
March 26, 2022, 03:54:43 pm

Defending Wildlife by AGelbert
March 25, 2022, 02:04:23 pm

The Koch Brothers Exposed! by AGelbert
March 25, 2022, 01:26:11 pm

Corruption in Government by AGelbert
March 25, 2022, 12:46:08 pm

Books and Audio Books that may interest you 🧐 by AGelbert
March 24, 2022, 04:28:56 pm

COVID-19 🏴☠️ Pandemic by AGelbert
March 23, 2022, 12:14:36 pm