Mainecat Posted January 31, 2020 Share Posted January 31, 2020 Interesting...... "They're Done": CNBC's Jim Cramer Says Fossil Fuel Industry "In the Death Knell Phase" Here’s some positive news . . . Looks like climate activism is having an effect. It could also be that investors believe that renewables are the better investment. I remember reading that the petroleum industry is struggling to replace their retiring workforce. “The world's changed," Cramer continued. While companies like BP still mark profits, "nobody cares," because "new money managers want to appease younger people who believe that you can't ever make a fossil fuel company sustainable." "You can tell that the world's turned on them, and it's actually kind of happening very quickly," said Cramer. "You're seeing divestiture by a lot of different funds. It's going to be a parade... that says look, 'These are tobacco, and we're not going to own them.'" https://www.commondreams.org/news/2020/01/31/theyre-done-cnbcs-jim-cramer-says-fossil-fuel-industry-death-knell-phase 1 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted January 31, 2020 Share Posted January 31, 2020 Great news. These bitches will be really hating on Greta now. Quote Link to comment Share on other sites More sharing options...
Rod Posted January 31, 2020 Share Posted January 31, 2020 Apparently some here haven’t got the slightest grasp of science Quote Link to comment Share on other sites More sharing options...
Zambroski Posted January 31, 2020 Share Posted January 31, 2020 Nobody can fleece the day traders out of their money like Kramer. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 31, 2020 Share Posted January 31, 2020 EV’s are going to rock the world. Future growth in fossil fuel will be marginal. Quote Link to comment Share on other sites More sharing options...
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