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City of Chicago Divests of all Fossil Fuel Investments

Posted on 3/25/22 at 7:49 am
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41324 posts
Posted on 3/25/22 at 7:49 am
LINK

quote:

City Treasurer Melissa Conyears-Ervin already has “divested all applicable funds” from the “top 225 companies fossil fuel companies” over the past 18 months. It adds up to more than $70 million, she said.


Just saw this lady on CNBC. She said that they were ‘sending a message about the climate crisis’.
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 3/25/22 at 7:51 am to
wHy ArE gAs PrIcEs GoInG uP?
Posted by LRB1967
Tennessee
Member since Dec 2020
16167 posts
Posted on 3/25/22 at 7:51 am to
And these idiots wonder why gas costs more?
Posted by WylieTiger
Member since Nov 2006
13155 posts
Posted on 3/25/22 at 7:51 am to
How does the "green" energy get produced?
Posted by OceanMan
Member since Mar 2010
20070 posts
Posted on 3/25/22 at 7:51 am to
I like how none of these idiots ever send a message about the climate crisis by using less power.
Posted by Privateer 2007
Member since Jan 2020
6272 posts
Posted on 3/25/22 at 7:51 am to
I'll continue to soak up near 8% dividends(from my price point) on EXXON.

Share price will grow via buybacks.

Just another example of why Chicago will go bankrupt.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45558 posts
Posted on 3/25/22 at 7:52 am to
Chicago and Illinois have always been pillars of sound financial policy.
Posted by oldskule
Down South
Member since Mar 2016
15534 posts
Posted on 3/25/22 at 7:53 am to
OOOHHH, that will show them!

Libs love weak messaging, makes them feel good for just a few seconds.....in the meantime, oil stocks will grow in value.

Democrats are really stupid.
Posted by Grooler
USA
Member since Dec 2009
484 posts
Posted on 3/25/22 at 7:53 am to
quote:

It adds up to more than $70 million, she said.


Chicago is broke. They’ll be liquidating all of their assets soon.
Posted by jcaz
Laffy
Member since Aug 2014
15868 posts
Posted on 3/25/22 at 7:53 am to
Have fun freezing next few winters.
Posted by roadGator
Member since Feb 2009
141381 posts
Posted on 3/25/22 at 7:54 am to
Holy hell. They took $70 whole million out of the industry?

What ever will Exxon do?
Posted by Dawgfanman
Member since Jun 2015
22786 posts
Posted on 3/25/22 at 7:54 am to
Haven’t all the energy stocks gone up substantially over the last 18 months?
Posted by oldskule
Down South
Member since Mar 2016
15534 posts
Posted on 3/25/22 at 7:59 am to
quote:

Holy hell. They took $70 whole million out of the industry?


Yep, the CEO of Exxon owns more than that....LOL.
These people running these Blue cities are pure DUMB.
Posted by bamarep
Member since Nov 2013
51818 posts
Posted on 3/25/22 at 8:01 am to
Bamarep reminder:

Chiraq is the most bankrupt municipality in the country. It's obvious their investment strategy sucks.
Posted by Lynxrufus2012
Central Kentucky
Member since Mar 2020
12322 posts
Posted on 3/25/22 at 8:03 am to
The divested themselves of brains years ago.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45558 posts
Posted on 3/25/22 at 8:03 am to
quote:

How does the "green" energy get produced?

Magic.
Posted by Knartfocker
Member since Jun 2020
1380 posts
Posted on 3/25/22 at 8:04 am to
quote:

City of Chicago Divests of all Fossil Fuel Investments


This is ESG
Posted by Sasquatch45
Earth
Member since Jul 2021
1307 posts
Posted on 3/25/22 at 8:07 am to
You lost me at Chicago !
Posted by alatxtgr
The Nation of Texas
Member since Sep 2006
2291 posts
Posted on 3/25/22 at 8:26 am to
Oil, gas & coal companies should divest from Chicago. Let the idiots walk and freeze !!!!
Posted by CleverUserName
Member since Oct 2016
12905 posts
Posted on 3/25/22 at 8:28 am to
quote:

City of Chicago Divests of all Fossil Fuel Investments


More room for other funds. They are going to watch their old investments roll this summer while their new investments in meta and Google falter in the presence of tic tok.

I mean… you have to be committed to do that in the early spring when 130 dollar oil this summer is seen as the low end. And by low end I mean the far left standard deviation. It WILL hit 130 unless the Middle East opens the taps to maximum along with the rest of OPEC.

This month there have been oil traders placing options to buy $200 dollar a barrel oil later. 150 - 180 has been common.

Now is the late (last?) chance to buy energy. Selling is a dumbass move. I’ve been screaming at you folks to buy energy since winter of 2020.
This post was edited on 3/25/22 at 8:32 am
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