Acton Institute Powerblog

Fossil Fuel Divestment: Economically Reckless and Morally Callous

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“Who cares about the suffering and premature death of millions in the developing world?” asks Bruce Edward Walker in this week’s Acton Commentary.”Not religious activists agitating for fossil fuel divestment.”

In another trendy move, environmentalist shareholder activists are pressuring energy companies in which they invest to scale back in part or completely their interests in oil, gas and coal. For example, Danielle Fugere, president and chief counsel at the As You Sow religious shareholder activist outfit, told The Guardian last month that “market fundamentals” are changing. “We see a whole number of factors moving markets away from fossil fuels – pollution, technology changes, efficiency increases, competition from low-cost renewables,” she said. “We’re seeing the market changing – the world is moving to cleaner resources, and these energy companies have to move with the market or they’ll get replaced.”

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).