A new investment tactic to reduce oil and gas production
(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)
CHAPEL HILL, N.C. (Callaway Climate Insights) — To shrink demand for fossil fuels, climate-friendly investors should shift their focus away from trying to convince fossil fuel companies to cut their production, and instead campaign for large users of fossil fuel-using products to shift to other energy sources.
That is the provocative argument recently advanced by Jeffrey Gordon, a Columbia University law professor who is co-director of the university’s Millstein Center for Global Markets and Corporate Ownership, as well as co-director of the Richman Center for Business, Law and Public Policy. “A demand side strategy is more likely to hasten a net-zero transformation than a supply side strategy,” he writes in a paper recently posted on the Social Science Research Network entitled “Unbundling Climate Change Risk from ESG.”…
Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.
Sponsor
Find a Vetted Financial Advisor
- Finding a fiduciary financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 financial advisors that serve your area in 5 minutes.
- Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Get on the path toward achieving your financial goals!
More from ClimateCrisis 247
- It May Be Too Late To Stop Climate Change
- A Texas City Is Running Out Of Water
- As Arctic Ice Melts, Shipping Grows
- Trump’s Latest EPA Layoffs
