How Fossil Fuel Divestment Falls Short
CFO News Room
NOVEMBER 5, 2022
Divesting from fossil fuel assets makes a big statement. Its impact, however, is murkier. Selling off an asset requires someone else to buy it, which, in the case of fossil fuels, can mean breathing new capital into the exact assets companies are trying to choke. But there’s another approach: running those assets into the ground. By holding onto fossil fuel assets, investors can resist efforts to improve their output and extend their lives.
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