Here is another very useful resource for anyone interested in energy and climate change. The London School of Economic is regarded as one of the most prestigious universities in the world and is the best for economics. The Grantham Research Institute on Climate Change and the Environment is highly regarded for its work on the economic impact of global warming. At a lecture in July 2018 Jeremy Grantham, the co-founder of the institute, gave a lecture on the Mythical peril of divestment from fossil fuels . He carried out a study to gauge the impact of divestment from the fossil fuel sector and found there was no negative impact at all. Furthermore, with significant pressure to reduce emissions and usage of fossil fuels he suggests now is the time to get out of coal, oil, and gas. He concludes, Investors with long-term horizons should avoid oil and chemical stocks on investment grounds. It is time to divest from fossil fuels.
Showing posts from September, 2018
- Other Apps
I'm going to recommend some divestment resources. The first is Institute for Energy Economics and Financial Analysis - ieefa.org I hope readers of this blog find some inspiration and will pursue divestment within their own church, university pension fund or local council. Over the years I have read a lot on divestment and the Institute for Energy Economics and Financial Analysis ieefa.org is one of the best sources of information and Tom Sanzillo, their Director of Finance, is very quotable. Recently the ieefa.org released a report —“The Financial Case for Fossil Fuel Divestment” — that gives an up-to-date and robust reasoning for divestment. The article IEEFA update: Divestment 101 provides a useful summary of the report and this graph which shows the poor performance of fossil fuels over the last 5 years.