Divestment Won’t Stop Fossil Fuels – Nor Should It

Read the full story only at https://c2cjournal.ca/2022/01/divestment-wont-stop-fossil-fuels-nor-should-it/

The fossil fuel sector – oil, gas and coal – appears under pressure from all directions. “Ethical” investing is all the rage, “woke” hedge fund managers extol green energy companies, world economic leaders sneer that fossil fuel assets will become worthless, and climate-obsessed politicians intone their mantra of an “energy transition” to an all-electric nirvana. Why, then, are world crude oil and natural gas prices zooming? Why is there a bull market in traditional energy stocks? Why do credible forecasting agencies predict fossil fuels will remain key to global energy security until at least 2100? And what might this portend for the fossil fuel divestment movement? William McNally pithily explores these questions.