I have always been skeptical of the divestment campaigns that try to convince institutional investors not to hold assets of companies that destroy the climate. After all, such divestment campaigns are active in the secondary market and hence have no direct influence on the money corporations raise through stock or bond issuance. The only way divestment campaigns can really create pressure on companies is if the movement gets big enough to materially influence share prices. So far this has not been the case, but now the Swiss parliament is
Who will be left holding the bag?
Who will be left holding the bag?
Who will be left holding the bag?
I have always been skeptical of the divestment campaigns that try to convince institutional investors not to hold assets of companies that destroy the climate. After all, such divestment campaigns are active in the secondary market and hence have no direct influence on the money corporations raise through stock or bond issuance. The only way divestment campaigns can really create pressure on companies is if the movement gets big enough to materially influence share prices. So far this has not been the case, but now the Swiss parliament is