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A comment on Just 10% of fossil fuel subsidy cash 'could pay for green transition'. Parent comment

Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by gm_fan_boi on Thursday August 01, 2019 @03:02PM (#20587155)
Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by justin66 on Thursday August 01, 2019 @08:36PM (#20589755)
The companies that stand to gain are likely to be publicly traded as well.
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by Ambele on Friday August 02, 2019 @04:13PM (#20596191)
If those senior citizens have index funds or mutual funds, they'll be fine because the indexes automatically rebalance to the companies with the highest market caps.
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by ragebol on Thursday August 01, 2019 @04:27PM (#20587989)
Or sell those assets now before they depreciate: divest from fossil fuel and invest in in sustainable energy.
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by rhinoceraptor on Thursday August 01, 2019 @05:40PM (#20588634)
Sell them to who?
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by Ambele on Friday August 02, 2019 @04:09PM (#20596166)
Someone who likes to buy small-cap-value companies. This person could be domestic or overseas and might not care about US corporate negative externalities; just the dividend yield.
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by acollins1331 on Thursday August 01, 2019 @04:29PM (#20588011)
They can literally put in a sell order at any time
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Re:Just 10% of fossil fuel subsidy cash 'could pay for green... by gm_fan_boi on Friday August 02, 2019 @09:37PM (#20598075)
If they are self directed, yes.
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