Usually, dealing with companies doing something wrong, we can - TopicsExpress

Usually, dealing with companies doing something wrong, we can apply lesser kinds of pressure: proxy voting, say, on shareholder resolutions. But in this case there’s not a flaw in the business plan that can be corrected—the flaw is the business plan. Responding to such pressure earlier this year, Exxon—richest company on earth—said it would make no adjustments and thought it was ‘highly unlikely’ that they’d be restrained from using their fuel. That is, they said they’d burn the planet, and they didn’t think anyone could stop them… That’s why Anglican dioceses across Australia and New Zealand have divested, and why the United Church of Christ has urged its member congregations to divest, and why an astonishing array of cities (Seattle, Providence and dozens more) and colleges (from tiny Unity College to mighty Stanford) have begun the process as well. - Bill McKibbin

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