Analysts and economists who study the nuts and bolts under-girding divestment suggest it’s simply impossible to have a mass oil purge, especially given the fact that nearly every portion of the economy is either reliant on or operated by fossil fuels.
Eliminating fossil fuels from investment portfolios hurts colleges, workers and poor families.
The radical Green push for colleges and universities to divest themselves from investment in fossil fuel companies is misguided, immoral, lethal, and, yes, racist. While Western civilization has seen an 11-fold increase in wealth, a doubling of lifespans, and health and prosperity unprecedented in human history, nearly 1.5 billion still live without the benefits of modern technology. While China (which will ignore the bigots) has linked nearly its entire population to the power grid, over 300 million in India and more than twice that number in sub-Saharan Africa lack even the simplest of modern amenities that electric power and motorized transportation afford. CFACT Senior Policy Advisor Paul Driessen asks, "What right do divestment activists and climate change alarmists have to deny Earth's most destitute people access to electricity and motor fuels, jobs, and better lives?"