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What possible effect can divestment have on the industry? They still sell a valuable product everyone buys.
by alex_young 7y ago
What possible effect can divestment have on the industry? They still sell a valuable product everyone buys.
- itemGrey 7y agoYep, I'm fairly sure the jury is out on this, see Bill Gates' recent comments, https://www.ft.com/content/21009e1c-d8c9-11e9-8f9b-77216ebe1f17 https://www.ft.com/content/21009e1c-d8c9-11e9-8f9b-77216ebe1... My thinking would be if they divest from Oil and Gas, they will invest this capital somewhere else such as Nuclear, or renewable resources.
- allannienhuis 7y agonon-paywall: https://archive.fo/PGRcH https://archive.fo/PGRcH
- Jaygles 7y agoIsn't divestment just one side of the coin? The other side would be moving those investments in cleaner and more renewable sources of energy which should have a clear impact.
- AtlasBarfed 7y agoWhy is it that this thread is full of people saying constraining the supply of something (financing) that is critical to the actual supply of a product will have no effect on the price? The banks can raise the interest rate on financing. That has a huge effect on something like this where large investments and equipment and labor projects are required to get oil extraction underway, especially with commodity pricing fluctuations and the impending threats to fundamental demand from EVs and alternative energy.