Feb
02
2018

Trading Away Common Sense

Yesterday, PACE commentary was featured in Morning Consult. The content of our op-ed, part of a continuing focus on harmful and misguided energy divestment and defunding campaigns, is below.

Environmental activists, driven by self-interests and profoundly mistaken beliefs about financial markets and energy policy, are pressuring citizens, public officials and corporate boards to abandon profitable investments in energy companies. These activists promote divestment and claim its implementation will save the environment. The reality, though, is that divestment is a poor solution for tackling the climate challenges that lay ahead. In fact, divestment simply doesn’t work, failing virtually everywhere it’s