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Eliminating or reducing government subsidies for oil and coal companies probably would have a climate impact. Even if divestment has “zero impact” as Gates sug
by Synaesthesia 7y ago
Eliminating or reducing government subsidies for oil and coal companies probably would have a climate impact.
Even if divestment has “zero impact” as Gates suggests (which I doubt, but ok), it would have a symbolic importance and possibly spur others on to change their approach.
- DennisP 7y agoAnd to that point, it reduces the number of influential rich people with an incentive to lobby against climate action.
- sremani 7y ago>> symbolic importance Do the symbolic with your money, I have respect for that. But a bunch of about to be retired people, who may need every penny of their return, will get reduced return because some fund manager wanted to feel good and have better PR all the while collecting the same big check for his services... No Bueno!