By Nicolas Loris and Marshal Wilson~
Global Divestment Day(s) take place Feb. 13-14, and a movement is afoot to encourage entities to sell their portfolios of conventional fuel stocks.
According to a new study, the strategy, known as fossil fuel divestment, would be a loser for those who participate. But more importantly, encouraging divestment ignores the massive benefits conventional fuels bring the world.
Fossil fuel divestment encourages institutions such as universities, municipalities and philanthropic institutions to shed securities that are related to coal, oil and natural gas because, according to Fossil Free, an environmental activist group, “Fossil fuel investments are a risk for both investors and the planet.”
The economic evidence indicates otherwise.
The recent analysis by Compass Lexecon looked at two different investment portfolios over a 50-year period. One portfolio included fossil-fuel-related stocks, and the other did not. The study found that on average, the portfolio…
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