NATIONAL JOURNAL 10/20/14
By Clare Foran and Jason Plautz
WHAT’S THE VALUE OF DIVESTMENT? ExxonMobil this month criticized the divestment movement, which seeks to pressure investors to drop stock in oil and gas companies. Does divestment have symbolic and financial value? Are there costs, and who will feel them?
“In Washington, or any town where money is often valued above all else, the act of moving dollars out of fossil fuels and into sustainable, renewable options is a powerful demonstration of values.”—Michael Shank, associate director for legislative affairs, Friends Committee on National Legislation.