For years I argued with institutional investors (often universities) that #fossilfuels weren't just an ethical or environmental risk, they were a financial risk.

Today the price for a barrel of crude oil dipped to -$2. Producers were offering money to have oil taken off them.
The oil price will go back up but many of the fossil fuel investments in shale oil and other 'novel' fossil fuels are a real risk.

Luckily the #fossilfuel #divestment movement won enough arguments to protect some institutions from losses associated with failure of these assets.
Other investors who should have known better (I'm looking at you @ChurchScotland) have already lost a lot of respect by investing in climate breakdown. They will now lose money too.

We must redouble our efforts to get investment out of the remaining fossil fuel companies now.
You can follow @PeterMcColl.
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