Thursday, May 1, 2014

The New Abolitionism - Oil Companies as 21st Century Slave owners?

The New Abolitionism | The Nation

Averting planetary disaster will mean forcing fossil fuel companies to give up at least $10 trillion in wealth. ...fossil fuel companies are taking their investors’ money and spending it
on this extremely expensive suicide mission. Every single day. If
investors say, “Stop it—we want that money back as dividends rather than
being spent on exploration,” then, according to this industry insider,
“what that means is, literally, the oil and gas companies don’t have a
viable business model. If all your investors say that, and all the
analysts start saying that, they can no longer grow as businesses.”

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