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Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who lik
by gm_fan_boi 7y ago
Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"
- ragebol 7y agoOr sell those assets now before they depreciate: divest from fossil fuel and invest in in sustainable energy.
- rhinoceraptor 7y agoSell them to who?
- Ambele 7y agoSomeone who likes to buy small-cap-value companies. This person could be domestic or overseas and might not care about US corporate negative externalities; just the dividend yield.
- acollins1331 7y agoThey can literally put in a sell order at any time
- gm_fan_boi 7y agoIf they are self directed, yes.
- justin66 7y agoThe companies that stand to gain are likely to be publicly traded as well.
- Ambele 7y agoIf those senior citizens have index funds or mutual funds, they'll be fine because the indexes automatically rebalance to the companies with the highest market caps.