2 ms·
It is almost as if they hope the price goes down so they can actually buy more. Then if their share purchases increases share price, maybe selling later to plea
by flurdy 9y ago
It is almost as if they hope the price goes down so they can actually buy more. Then if their share purchases increases share price, maybe selling later to please policy makers whilst still making money...
As this seems just at a discussion level still, it still would have to pass through several levels of parliament debates etc, it is not really an announcement of policy, more just possible ideas made by someone associated with the fund.
Though as they have already been ordered to divest from tar sand and armaments companies it does seem possible from an ethical stand point. Slightly hypocritical though.
It does makes sense in spreading out future risk, divesting from oil & gas, but honestly not something they have to rush into for quite a few decades.