Shell’s former chair calls fossil fuel divestment ‘rational’
Shell’s former chair calls fossil fuel divestment ‘rational’
By Steve Hargreaves: 4 June 2015
The former chairman of Royal Dutch Shell said selling oil stocks is a “rational” response to the failure of the oil industry to take meaningful action on climate change.
He is the latest to lend support to the growing campaign for investors to dump shares of fossil fuel companies.
“Divestment is a rational approach,” Mark Moody-Stuart was quoted by the Guardian as saying during a recent dinner in London. “If you think your money can be used somewhere else, you should switch it. Selective divestment or portfolio-switching is actually what investors should be doing.”
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