Ditching fossil fuel stocks and replacing them with green energy investments will have little effect on greenhouse gas emissions until there are government and institutional policy changes, according to a new report.
The white paper, written by two University of British Columbia (UBC) researchers working with the Pacific Institute for Climate Solutions, finds that even if divestment campaigns – now being waged at more than 30 Canadian universities – are successful, there will be minimal impact on emissions, partially because governments, rather than shareholder companies, control the vast majority of the world’s oil reserves. If conventional energy companies were serious about avoiding surpassing the (Read more…)