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Fossil fuel divestment is rational, says former Shell chairman

2015-06-04 10:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The former chairman of Shell has said that investors moving their money out of fossil fuel companies is a rational response to the industrys distressing lack of progress on climate change. Sir Mark Moody-Stuart, who spent almost four decades at Shell and rose to be its chairman, also said the big oil and gas companies had been calling for a price to be put on CO2 emissions for 15 years but had done little to make it happen. His striking remarks are the most supportive of divestment made by any...

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