READING, England: As we begin to engage with the climate emergency and the impact of carbon dioxide emissions, calls have grown to stop investing in companies engaged in fossil fuel production – a practice known as divestment.
Divesting from fossil fuel companies is likely to make investors feel morally cleansed, having washed their hands of dirty investments that make profits from environmental damage. If more people want to sell shares than buy them, this will affect the share price – but most oil companies are well beyond the situation where it would cause them significant issues.
It is highly likely in either case that the new purchaser will be less concerned about minimising the company’s environmental impact than those divesting. And any such commitments could easily be dropped in favour of a more concentrated focus on profits. The divestor also gives up the opportunity for shareholder activism – something USS does with the fossil fuel companies in which it holds investments. This is where shareholders can put pressure on companies they partly own to introduce more sustainable ways of doing business.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors launch climate plan to get to net zero emissions by 2050LONDON: An investor group managing more than US$16 trillion on Wednesday (Aug 5) launched the world's first step-by-step plan to help pension ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan's climate change efforts hindered by biased business lobby: StudyTOKYO (REUTERS) - Japan's powerful business lobby Keidanren is dominated by energy-intensive sectors that represent less than 10 per cent of the economy, resulting in national policies that favour coal and hindering attempts to combat climate change, a new study said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Japan's climate change efforts hindered by biased business lobby: StudyTOKYO: Japan's powerful business lobby Keidanren is dominated by energy-intensive sectors that represent less than 10 per cent of the economy, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Climate change to bring longer droughts in Europe: StudyPARIS (AFP) - Punishing two-year droughts like the record-breaking one that gripped Central Europe from 2018 to 2019 could become much more frequent if the region fails to curb greenhouse gas emissions, researchers said Thursday (Aug 6), affecting huge swathes of its cultivated land.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Commentary: How did Melbourne become the centre of the ‘world’s strictest lockdown’?Melbourne residents have little choice now but to accept curfews and more restrictions, as the state of Victoria battles its fiercest surge in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Commentary: South Korea and the US cannot see eye-to-eye on North KoreaSome in South Korea are worried that the US is interfering in Seoul’s North Korea policy, says an observer.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »