TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

I was wrong to oppose divestment....

Discussion in 'Energy, Environment, and Policy' started by nwdiver, Feb 11, 2015.

  1. nwdiver

    nwdiver Active Member

    Joined:
    Feb 17, 2013
    Messages:
    3,489
    Location:
    United States
    #1 nwdiver, Feb 11, 2015
    Last edited by a moderator: Mar 13, 2016
  2. neroden

    neroden Happy Model S Owner

    Joined:
    Apr 25, 2011
    Messages:
    7,205
    Location:
    Ithaca, NY, USA
    Interesting!

    I divested for pure economic reasons (not political ones). I would still invest in an oil company which promised to do *zero* oil exploration -- which extracted oil from old fields, sold it, and mailed the proceeds out as dividends. However, all the major oil companies are instead wasting their profits on "exploration", which isn't finding any profitable oil. So they are *bad investments* -- the management is *squandering the profits* rather than giving them to the stockholders.

    I believe a number of other apolitical investors have now realized that this is what's going on -- read the articles about the high level of spending on "exploration" at Exxon and the lack of increased reserves from doing so.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC