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This isn't simply a divestment campaign. This is one of the largest shareholder telling the companies to change their practices. There was a business group that
by gersh 7y ago
This isn't simply a divestment campaign. This is one of the largest shareholder telling the companies to change their practices. There was a business group that played a major role in negotiating the end of apartheid in South Africa (see https://law.yale.edu/sites/default/files/area/center/privatelaw/document/makgetla_shapiro._business_south_african_transition.pdf https://law.yale.edu/sites/default/files/area/center/private...).
- supernova87a 7y agoSo, big shareholder tells coal companies to change their ways, or what? Blackrock will sell its shares? Hard to believe. And even if it sells its shares, someone has to buy them -- perhaps at a slightly lower price if they dump a lot at once. But what change has it produced?