How Fossil Fuel Divestment Falls Short

Journal of Petroleum Technology 

Committing to divest from fossil fuels seems like a profound pro-climate statement. Selling off fossil fuel investments, the logic goes, will choke off capital from the fossil fuel companies and make it harder for them to operate. Eventually, divestment will lead to the sector's demise and create a better environment for accelerating renewable energy efforts. By pulling money out of fossil fuel investments, companies can demonstrate how they're taking a material step toward a more sustainable world. Unfortunately, what looks good on paper often falls short in practice.

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