3 ms·

If anything, shouldn't the green contingent buy more stock in oil companies to try and effect a hostile takeover?

• zopa 7y ago
  That seems very unlikely to be the most cost-effective use of capital. Exon Mobile has a market capitalization of $309 billion. So figure $200 billion for a hostile takeover --- that's approaching the yearly cost of a Green New Deal plans, and you've only taken out one fossil fuel company.
  • TaylorAlexander 7y ago
    It would make a great 80's style underdog movie though. Some scrappy kid scrapes together $200B to take over Exxon Mobile.
  • Cyph0n 7y ago
    And the remaining companies would probably swoop in to fill the void, so you’d end up doing nothing.
  • thereisnospork 7y ago
    To do some really grotesque napkin math, there are about 7 major oil companies. On paper then the vast bulk of the liquid + gas fossil fuel market could be taken over and their combined resources diverted entirely towards green in perpetuity for less than a decade of the GND. Will never happen, but an interesting thought experiment maybe.