Rockefellers, Heirs to an Oil Fortune, Will Divest Charity From Fossil Fuels

“I don’t think that anyone who favors divestment is arguing that the institutions’ sale of the fossil fuel company stock is going to have much impact, if any, on either the stocks or the companies themselves,” he said, since the market capitalizations of the companies is immense.

Even if the movement were to depress share prices, the energy companies, which make enormous profits from their products, do not need to go to capital markets to raise money, he noted. But in the long term, he said, “divestment seeks to work indirectly on these companies by changing the conversation about the climate.”

FK – Gee, and here I was feeling sorry for the bastards cause they have to charge us over 3 bucks a gallon for gas. We hang the greedy corporate workaholic assholes right after we hang the commies.

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