Some financial investments are abusing our Earth. Our state pension fund is invested in coal, oil, and gas companies which are fueling the climate crisis.
Divesting from fossil fuels will affect the stock market prices. Long-term investors will prefer sustainable energy in their portfolio. It is not cutting out an industry. It is moving the market from a self-consuming source to a sustainable source for labor and industry. If you want a secure pension fund, it will anticipate this change in its holdings.
Capitalism is great until it promotes a product that is both profitable and destructive. The genius of the market is that it can invest in industries that will be here in 100 years and keep our children healthy.
Let’s give our grandchildren the opportunity to make their own choices by divesting from fossil fuels, now.
