2015-04-30

Oil Divestment: Try Harder

Sometimes when I consider Tainter, debt levels and demographics, I think it could be a long, slow slog back to high returns on invested capital. Then I see these stories.

Guardian: Group representing 1m medical students backs fossil fuel divestment
The fossil fuel industry is a bigger threat to global health than tobacco and the Bill and Melinda Gates Foundation and the Wellcome Trust have a moral obligation to divest from it, an international organisation that represents 1 million medical students has said.

A letter to the charities from the International Federation of Medical Students’ Associations (IFMSA) called on the charities to drop their fossil fuel company interests, which amount to almost £1.5bn.

The students said investments in coal, oil and gas companies were in direct contravention of the solemn Hippocratic 0ath, which doctors take before they begin their service.
My buy orders aren't going to fill themselves. Let's get going with this divestment.


“The threat to public health posed by fossil fuels is even greater [than tobacco],” said the students, who noted the medical profession’s leading role in the tobacco divestment movement. “The arguments that led the health sector to divest from tobacco provide a still more compelling mandate for divestment from fossil fuels.
I wonder if the Russians are paying for this, like they did with the nuclear disarmament movement in the 1980s.

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