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> As more and more people do it, it will decrease demand for equity in those companies and increase their cost of capital. If I had to guess, Chevron, Exxon an

> As more and more people do it, it will decrease demand for equity in those companies and increase their cost of capital. If I had to guess, Chevron, Exxon and Aramco doesn't have too many problems with cost of capital. All you're doing is making them cheaper for people like me who don't invest based on moral posturing.

zentiggr 7y ago
While I don't have money in markets directly, I think overall I'm happy with the idea of concentrating those who "don't invest based on moral posturing" into investments in dying industries (going to happen, just the time frame that's not determined yet). Slide your money over into that sinking ship, and right along with your whole cohort, we'll watch those businesses fall out of favor or even run out of capital completely, and we won't feel a thing for your losses. Not this week, not this month, not this year, but soon enough. I don't even care if the door hits you in the a on the way out.
- frockington1 7y ago
  I don't think they are going to roll over and accept fate as a dying brand, big oil companies are some of the largest investors in alternative fuels. Also, that 5% yield is looking real nice at the moment
  - zentiggr 7y ago
    If the companies affected shift away from fossil fuels, that's excellent as well. I'm not worried about the entities per se, just the emission reduction and overall environmental track record. If ten years from now, a much healthier Exxon is a part of the non-fossil economy, so much the better.
- jeffreyrogers 7y ago
  The importance of oil and gas will obviously decline over time as the cost of extracting marginal deposits will push demand down, but a lot of the current climate change posturing is just that, posturing. People in the developed world love their high-carbon lifestyles and there is no viable alternative to oil/gas in the near to moderate term that will allow those lifestyles to be maintained at current levels. Oil and gas companies aren't going out of business any time soon, and I expect them to do quite well over the next decade or so, as climate activism causes them to reduce investment in future production, leading to future price increases. Also, to preempt some criticism: I'm not saying AGW isn't real. I'm saying we won't stop using fossil fuels despite AGW because there is no other way to maintain our populations and living standards at such high levels, at least without a complete overhaul of the entire economy (everything depends on oil and gas in our globalized world).
- scottlocklin 7y ago
  Yep, heard this with Philip Morris and Mickey-D's as well when there were moralistic lawsuits and shorts against them: a couple of great trades. Thank you for your service. Maybe at some point y'awl will realize how nitrogen fixing works in current year (aka "Haber-Bosch process"), and where food comes from. Also good luck convincing the developing world to forgo a hydrocarbon economy.

zentiggr 7y ago

While I don't have money in markets directly, I think overall I'm happy with the idea of concentrating those who "don't invest based on moral posturing" into investments in dying industries (going to happen, just the time frame that's not determined yet). Slide your money over into that sinking ship, and right along with your whole cohort, we'll watch those businesses fall out of favor or even run out of capital completely, and we won't feel a thing for your losses. Not this week, not this month, not this year, but soon enough. I don't even care if the door hits you in the a on the way out.

frockington1 7y ago
I don't think they are going to roll over and accept fate as a dying brand, big oil companies are some of the largest investors in alternative fuels. Also, that 5% yield is looking real nice at the moment
- zentiggr 7y ago
  If the companies affected shift away from fossil fuels, that's excellent as well. I'm not worried about the entities per se, just the emission reduction and overall environmental track record. If ten years from now, a much healthier Exxon is a part of the non-fossil economy, so much the better.
jeffreyrogers 7y ago
The importance of oil and gas will obviously decline over time as the cost of extracting marginal deposits will push demand down, but a lot of the current climate change posturing is just that, posturing. People in the developed world love their high-carbon lifestyles and there is no viable alternative to oil/gas in the near to moderate term that will allow those lifestyles to be maintained at current levels. Oil and gas companies aren't going out of business any time soon, and I expect them to do quite well over the next decade or so, as climate activism causes them to reduce investment in future production, leading to future price increases. Also, to preempt some criticism: I'm not saying AGW isn't real. I'm saying we won't stop using fossil fuels despite AGW because there is no other way to maintain our populations and living standards at such high levels, at least without a complete overhaul of the entire economy (everything depends on oil and gas in our globalized world).
scottlocklin 7y ago
Yep, heard this with Philip Morris and Mickey-D's as well when there were moralistic lawsuits and shorts against them: a couple of great trades. Thank you for your service. Maybe at some point y'awl will realize how nitrogen fixing works in current year (aka "Haber-Bosch process"), and where food comes from. Also good luck convincing the developing world to forgo a hydrocarbon economy.