|Posted by madayerf on March 25, 2013 at 6:45 PM|
I came across a few ideas recently which if combined can create positive change:
1) If we burn the known coal, oil and gas reserves it will produce 5 times more CO2 than what we can allow to prevent global warming above 2 degrees celcius. This can also affect the stock market as many stocks are valued on reserves, which if they cannot be burned, they will lose their value thus creating a "carbon bubble" (see article for more).
2) It is possible to divest from these companies. This breaks our reliance on fossil fuels for investment income as well as becomes a tool for change as divestment was instrumental in creating change regarding Apartheid, Darfur and Tobacco. Not to mention, I wouldn't want to be sitting on investments if the carbon bubble bursts!
Not only do I have choices as a consumer but also as an investor since it makes little sense to change my consumption of fossil fuels, yet remain a shareholder that relies on the success of the fossil fuel industry.