Title: Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy
Author: Prof. Daniel R. Fischel,
Publisher: Compass Lexecon
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 best. Fossil fuel divestiture is therefore unlikely to pass a cost-benefit test, particularly compared with alternative ways investors who so desire can promote environmental goals.