The climate denier's guide to getting rich from fossil fuel divestment

(guardian---commentary_blog, 14 Apr 2015) Whether you believe in climate change or not, there’s no denying the figures – taking your money out of oil, coal and gas makes good financial sense.

Don’t believe in climate change? Okay, let’s pretend it’s a hoax. From a purely financial perspective it doesn’t matter.

If it is a hoax, you’ll make a lot of money. If it’s the real and worsening catastrophe climate scientists believe it to be, you’ll still make a lot of money. Now let me present some facts to you on the financial case for getting out of fossil fuels (I am fine if you just view it as some bar talk).

There’s a strong and growing business case for climate protection. The 2014 report “Climate Action and Profitability ” by the Carbon Disclosure Project showed how companies that integrate sustainability into their business strategies are outperforming companies who fail to show such leadership. Companies that are managing their carbon emissions and are planning for climate change enjoy 18% higher returns on their investment than companies that aren’t, and 67% higher than companies which refuse to disclose their emissions.

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guardian---commentary_blog, 14 Apr 2015: The climate denier's guide to getting rich from fossil fuel divestment