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(Marketwatch)   Climate change has now reached a tipping point - among global investors. Let's follow the money   ( divider line
    More: Interesting, Economics, Finance, Bank, Global financial system, Investment, financial markets, important objective, climate transition  
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564 clicks; posted to Business » on 25 Sep 2020 at 4:17 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2020-09-25 5:09:27 PM  
This year, we have witnessed the biggest shock to the oil and gas market in 70 years. By the end of July, traditional oil and gas shares in the S&P 500 SPX, +1.59%  had fallen by 45%

Yeah, there's definitely no other explanation for that..
2020-09-25 6:04:24 PM  
The important thing is money is changing hands and moving around.  That's all investors really care about.
2020-09-25 8:29:20 PM  
Old-school pension funds have been long on blue chip fossil fuel companies for decades. Remember all the wailing at how the fossil fuel divestment movement would leave widow Grandma eating cat food when her husband's fund fails?

Looks like we're about to find out just how secure the PBGC actually is.
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