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Divestment is a practical prerequisite for effective regulation of fossil fuel companies. Right now tough regulations will directly hurt pensioners with pensio
by biehl 7y ago
Divestment is a practical prerequisite for effective regulation of fossil fuel companies.
Right now tough regulations will directly hurt pensioners with pensions invested in fossil fuel companies. After divestment will not hurt those people in the same direct way.
So:
Step 1) - Divest
Step 2) - Regulate to fully compensate for externalities caused by fossil fuel companies without worry of collateral damage
- anonuser123456 7y agoRight and here's the problem. Pension funds are notoriously underfunded and filled with people that don't give one iota of a rip about where it's invested. Pension managers will not leave those yields on the table or they'll fave a revolt.