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A comment on Reducing CO2 emissions by targeting the world's hyper-polluting power plants. Parent comment

Re:Reducing CO2 emissions by targeting the world's hyper-pol... by hedora on Monday July 26, 2021 @11:52AM (#27960971)
Not needed. This is what bankruptcy is for. Just don’t pay back the debt.

If it’s held by investors, well, all investments can go down in value. If it’s held by companies that build carbon emitting plants, even better.

[ Parent | on HN ]
Re:Reducing CO2 emissions by targeting the world's hyper-pol... by toomuchtodo on Monday July 26, 2021 @12:02PM (#27961102)
Municipalities and non profit co ops will not voluntarily pursue bankruptcy to re-negotiate or default on these debts (which will also impact their credit rating in the debt market for future issuances). They'll have to be forced into it if outside support isn't provided.
[ Parent | on HN ]