Title: Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy Author: Prof. Daniel R. Fischel, Publisher: Compass Lexecon Date: N/A Full Text Article Summary: The costs to investors of fossil fuel divestiture are highly likely and substantial, while the potential benefits – to the extent there are any – are ill-defined and uncertain at
Benefits of Hydrocarbons
Who benefits most from government ‘green’ policies? Usually it is the companies that produce renewable energy, not citizens or the environment. For example, 602 birds and 1,270 bats were killed by wind turbines at a single Ontario wind farm between July and December of 2009.
Aggressive carbon pricing schemes that depend upon routing taxpayer dollars to ‘green’ projects are making energy and other goods more expensive for Canada’s poorest. Canadians in provinces where these policies have been implemented are having to choose between heating their homes and buying groceries to feed their families. Some are walking away from their homes because they can no longer afford to power and heat them. This is the ‘heat or eat’ conundrum.