The Financial Times recently weighed in on the issue of fossil fuel divestment, arguing that divestment is “largely irrelevant to the ultimate objective of minimizing the threat of climate change.” It’s a common argument: that we can be certain that divesting won’t affect anything. It’s a favorite of industry-funded counterattacks and intransigent universities. The problem is that it’s not a good argument. It’s not based on reason, and it’s not based on evidence.
Now, when we talk about the future, we are reduced to possibility and likelihood. That does not mean, however, that we may throw reason and evidence out the window. On the contrary, we need them more than ever when we attempt to read the tea leaves, and especially so when we try to convince others that our reading is a good one. This is one area where financial professionals, scientists and others who rely on demonstrable evidence can agree: The eye of the beholder can provide a vision of the future, but at the end of the day, the best proof is in the pudding.
When it comes to determining the ultimate effects of the act of divestment and the movement that surrounds it, the proof in the pudding will be a matter for history, probably decades hence. Anyone who claims to know with certainty that divestment won’t have any future impact is being dishonest, intentionally or unintentionally. Likewise, the specific knock-on effects of divestment promoted千花网千花网上海论坛
Many of us can no longer remember when it began, but it was back before we had given up hope and descended into a grim and joyless acceptance. The plodding pace by which it progressed — although you would be forgiven for not noticing any forward motion as it occurred, so imperceptible was its movement — caused even the most optimistic amongst us to despair of the possibility that we might ever see something like the midpoint. And yet, somehow, through all our toil, sweat and tears, we survived long enough that we can finally say we arrived at its end. That’s right, the longest week of 2016 thus far is almost over. I’m very proud of all of you who managed to hang on for the whole ride. Here’s another one from Maria Usbeck. Enjoy. You deserve it.