 writes that demand for fossil fuels will peak some time in the next 10 to 25 years, and investors don’t want to be “left standing when the music stops.” Fawcett continues by noting Shell has already cited divestment as a material risk to its business, and argues that if it’s notable to a global powerhouse such as Shell it should be even more so to smaller Canadian companies.
“Indeed, for all the talk about the ethical merits of divesting from fossil fuels, it’s the economic one that should scare the industry the most.”