Title: Fossil Fuel Divestment and Public Pension Funds Author: Prof. Daniel R. Fischel, Christopher R. Fiore, Todd D. Kendall Publisher: Compass Lexecon Date: June 2017 Full Text Article Summary: Based on wellaccepted economic theory and the academic literature studying previous divestment attempts, the study concluded that fossil fuel divestment has minimal
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.