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Fossil fuel divestment is rational, says former Shell chairman

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Screen Shot 2015-06-04 at 12.24.56Fossil fuel divestment is rational, says former Shell chairman

Article by Damian Carrington published Thursday 4 June 2015 by Guardian Online

The former chairman of Shell has said that investors moving their money out of fossil fuel companies is a rational response to the industry’s “distressing” lack of progress on climate change.

Sir Mark Moody-Stuart, who spent almost four decades at Shell and rose to be its chairman, also said the big oil and gas companies had been calling for a price to be put on CO2 emissions for 15 years but had done little to make it happen.

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