Friday, August 14, 2015

Investing in Big Oil and Fossil Fuel Companies in the 21st Century

Editorial - The end of the “Age of Fossil Fuels” is fast approaching. More leaders are speaking out against the use of fossil fuels as scientific data mounts showing it is leading to destructive global climate change. Fortunately, competitive alternative energy sources and new technologies now exist that can be used as the world starts to phase out its use of oil and coal to generate energy.

Another clear sign that the end of the “Age of Fossil Fuels” is now upon us can be seen in the growing movement by individuals and large organizations to divest themselves of stock holdings in “Big Oil” and other fossil fuel companies.

To support these claims, check out the following news and information published over the past two months:

As you can see, “Big Oil” keeps lobbying hard and pushing ahead with their attempts to keep us all hooked on fossil fuels for as long as they can, no matter what the cost to our planet.

As the 'Age of Fossil Fuels' slowly comes to an end, oil companies are racing to drill for oil in every sensitive environmental location on Earth they can find while they can - off the Carolina coast, in the Arctic ocean, at the North Pole, off California's coast, near sensitive underwater reefs...

One would thing that if “Big Oil”companies want to survive in this 21st century, they would be trying to invest heavily in the growing alternative energy industry - solar power, hydro-electric, wind energy, fuel cells, nuclear power... Unfortunately, that doesn't yet appear to be happening. Their focus is still on the short term, driving the cost of oil down, and keeping the world hooked on the use of costly, polluting fossil fuels.

Fortunately, we now know that strategy will fail over the long term and more and more individuals and companies will continue to divest themselves of stocks in these companies if they don't change. What do you think? Give us your feedback on the Future of Energy in America.

No comments:

Post a Comment