4 ms·
> Nothing changes in real economy, everything operates as usual. FWIW, "As time went on, though, it became clear that divestment was also squeezing the indust
by perfunctory 7y ago
> Nothing changes in real economy, everything operates as usual.
FWIW,
"As time went on, though, it became clear that divestment was also squeezing the industry. Peabody, the world’s biggest coal company, announced plans for bankruptcy in 2016; on the list of reasons for its problems, it counted the divestment movement, which was making it hard to raise capital. Indeed, just a few weeks ago analysts at that radical collective Goldman Sachs said the “divestment movement has been a key driver of the coal sector’s 60% de-rating over the past five years”."
https://www.theguardian.com/commentisfree/2018/dec/16/divestment-fossil-fuel-industry-trillions-dollars-investments-carbon https://www.theguardian.com/commentisfree/2018/dec/16/divest...