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I 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?
by sp332 7y ago
I 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.