By David Middleton – Re-Blogged From WUWT
This post employs Billy Madison as a euphemism.
Fossil fuel divestment is, by definition, Billy Madisoned. It is a concerted effort hold back or slow down fossil fuel production by cutting off access to capital. Fossil fuel divestment is “a really futile and stupid gesture”. An investment can only be divested if an investor is willing to invest in the divested interest.
Perhaps realizing that fossil fuel divestment is nothing but “a really futile and stupid gesture”, Alicia Seiger, a lecturer at Stanford Law School and an affiliate of the Steyer-Taylor Center for Energy Policy and Finance, has determined that divestment is not sufficient…