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They largely divested from fossil fuel for both environmental and diversification purposes which certainly helped their returns.
by jcampbell1 7y ago
They largely divested from fossil fuel for both environmental and diversification purposes which certainly helped their returns.
- sp332 7y agoI could see that over the long term, but in one year? If divesting from fossil fuels worked that fast, wouldn't everyone have done it already?
- yuliyp 7y agoIt's not that fossil fuels are a bad investment. They happened to underperform over the past year due to the Russia/Saudi Arabia oil price war.
- dmurray 7y agoThey timed it well. In other years, divesting from fossil fuels would have meant underperforming the market (which they would probably have been fine with) but they chose a good year to do it.