Several factors are contributing to the toxicity of fossil fuel stocks but one factor in particular—a political movement demanding that institutional investors divest their holdings—is a significant long-term driver.
Is such an approach realistic, given the growing global demand for energy and the enormous challenges that would need to be overcome for solar and wind power to meet those demands?
Doesn’t matter. These folks are coming for the oil and gas industry. They’ve got an effective strategy to strangle the flow of capital to the oil and gas sector, and they are gaining momentum.
This post appeared first on Hart Energy.