Yet Another Nail in the Coffin of the Fossil Fuel Age — Gates Foundation Divests BP Holdings (Ian Walker)

The following post was submitted by Ian Walker

Hi all

As I keep saying look at what they do not what is said.

http://www.theguardian.com/environment/2016/may/12/bill-and-melinda-gates-foundation-divests-entire-holding-in-bp

Excerpt:

“The foundation, which has spent many billions of dollars improving global health, sold its $187m stake in BP between September and December 2015, according to recent regulatory filings to the US Securities and Exchange Commission (SEC).

It had previously dumped its entire $824m holding in ExxonMobil. BP posted a record $6.5bn annual loss in February while ExxonMobil is under investigation about whether it lied in the past to investors about the threat of climate change.”

They are not the only ones.

Do you think those in the know think there is any more future for fossil fuels?

Kind Regards walker

  • Skip

    As always, follow the money!

    • Mordriel

      And the money can take you to frightening places, unfortunately.

    • Motorfot

      Yes, follow the money. Who gets Rich from trading carbon emission rights? Those are the people who fear free energy the Most.

      • LookMoo

        The request for more info about LENR just based on what is found in a preliminary defence Senate Hearing (House Armed Services Committee) is a “head-up” for business. There are other reports that defence establishment have access to that are less diplomatic.

      • roseland67

        The people who wrote the carbon emission laws?

      • GreenWin

        CORRECT! The Climate Gang.

  • Steve Swatman

    Might one simply suspect that huge increases in oil production by the Saudis, Iranians and Russia will lead to even lower prices, “the big money” needs to get out of oil companies now while its ok.

    No point in losing money on investments.

  • So lets hope these funds go into R&D and industrialization of cleaner alternatives.

    • Eyedoc

      And hopefully all the lame ‘retirement funds’ wake up & get their arses out of old energy stocks soon …..before we have to bail those out too

  • Samec

    At ZeroHedge.com is article with speculation that some central bank is propping prices of WTI and Brent Oil for purpose not to damage commercial banks, who lend billions to crashing frackers and oil drillers.

  • GreenWin

    Eventually even the super rich have to get sober about A BETTER, WAY TO MAKE ENERGY. AND leave their fossil-fusion cronies behind. It’s called REAL SCIENCE. THE FOSSIL-FUSION party is OVER.

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