No, that’s the opposite of what I want to happen. If they “divest” that means they’re selling their stake in the company to someone else, who likely cares less about climate change. The company stock doesn’t just disappear. Shareholders are the only ones in our current system who can have a meaningful impact on companies they own shares in. The people who hold companies to climate expectations are exactly the ones I want holding stock in those companies.
Imagine owning a big share in an oil company and then being all shocked Pikachu face that they’re not in any way sustainable. Just divest already
No, that’s the opposite of what I want to happen. If they “divest” that means they’re selling their stake in the company to someone else, who likely cares less about climate change. The company stock doesn’t just disappear. Shareholders are the only ones in our current system who can have a meaningful impact on companies they own shares in. The people who hold companies to climate expectations are exactly the ones I want holding stock in those companies.
Oh, I agree. I was deliberately talking in investor terms because it’s people who invest professionally who are being disingenuous here