- The Moral Case For Fossil Fuels Pdf Free Download Version
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Moral Case Fossil Fuels Moral Case Fossil Fuels. Home; Translate. A Novel PDF Book Free Download PDF. Free Read The Summer Before the War: A Novel ebooks Free PDF Read Online The Summer Before the War: A Novel PDF BookBoon. Ists’ moral case against fossil fuels—refute its central idea that fossil fuels destroy the planet. Because if we don’t refute that idea, we accept it, and if we accept that fossil fuels are destroying the planet, the only logical conclusion is to cease new development and slow down existing development as much as possible.
The Moral Case for Fossil Fuels
by Epstein, Alex (Hardcover)
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Author: Epstein, Alex
Number of Pages: 257
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For more than 75 years, the environment has been one of the Rockefeller Brothers Fund’s most enduring commitments. The RBF began in earnest its work on climate change in the 1990s and by 2010 had concentrated its entire sustainable development budget on the issue.
Citing the moral tension arising from this work on climate change on the one hand and its investments in fossil fuels on the other, in 2014 the Fund pledged to a two-step process to divest from fossil fuels [PDF]. We committed to reducing our exposure to coal and tar sands—two of the most intensive sources of carbon emissions—to less than one percent of the total portfolio by the end of that year. At the same time, we began a comprehensive analysis of our exposure to other fossil fuel investments and began developing a strategy to eliminate the Fund’s exposure to these energy sources as quickly as possible.
Given the structure of some commingled investment funds and investments in highly diversified energy companies, the Fund maintains de minimis investments in fossil fuels. We continue to work with the RBF Investment Committee and board of trustees to determine an appropriate strategy to achieve the ultimate goal of complete divestment. As of December 31, 2020:
- The Fund’s exposure to coal and tar sands has been reduced to less than 0.1 percent of our total portfolio. (At the time of the RBF’s first comprehensive analysis of its exposure in April 2014, it was 1.6 percent.)
- The Fund’s total fossil fuel exposure is estimated to be 0.3 percent. (In April 2014, it was 6.6 percent.)*
The Moral Case For Fossil Fuels Pdf Free Download Version
Divestment from fossil fuels has fiscal and fiduciary, as well as ethical, significance. At least 60 percent of all known fossil fuel reserves have to remain unburned if the world has any chance of meeting the 1.5-degree target set at the Paris Climate Summit in 2015, meaning these assets are likely to become stranded and lose value over time. As a result, more and more institutions are deciding to divest, and asset managers are increasingly willing to offer fossil fuel-free funds. We’re confident that sound portfolios can be created without exposure to fossil fuels, and our investment performance since 2014 supports that belief.