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Whether you are more interested in global capital flows or environmental justice, I believe this announcement from such a symbolic oil family to be poignant in
by ksleeps 12y ago
Whether you are more interested in global capital flows or environmental justice, I believe this announcement from such a symbolic oil family to be poignant in the memory of our country, while also being a ringing bell for institutional investors who have long waited until the right moment to take full economic advantage of the global zeitgeist.
The Global Climate March yesterday in NYC was a powerful adjoining of the disparate groups that make up the Left Clan, complete with all the tag-along advocacy and 50+ shades of policy and ideology preference that have little to actually do with irresponsible carbon output. It was as much an opportunity to explore frustration we have with ourselves for enabling a toxic system with our habits and dependencies as much as it was a plea for help from people wielding political and financial power. It is an interesting study in systems theory and differences in morality. Now we are left to wonder what the actionable outcomes will be...
Tangentially, I think we all look forward to the day where our country can rekindle a sense of civic unity and continue to lead the world through innovation. The Rockefeller family significantly influenced our trajectory towards oil dependence, and I think it's a good story for history that they are now divesting. I will refrain from calling it leading. But they could prove to be a profound institutional ally in the fight for a carbon-neutral future.