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Guest opinion: Want to help the environment? Take a look at your stocks.

Original post made on Apr 18, 2021

In a guest opinion, Mountain View resident Donna Davies writes about the process of divesting fossil fuel stocks and mutual funds.

Read the full story here Web Link posted Saturday, April 17, 2021, 8:54 AM

Comments (1)

Posted by Jason
a resident of another community
on Apr 18, 2021 at 6:38 pm

Jason is a registered user.

Hi Donna, while I applaud your green investment strategy, before we all jump on the band wagon to demonize coal mining, its important to note that not all coal mined is destined for power stations. A significant portion of Peabody coal is of a type used to make steel. The vast majority of steel made in the world today is produced in blast furnaces that use coal. For every ton for steel made, it uses about 770kg of Metallurgical coal. Look around your room as you read this response and consider just how big a part steel has in your life.
Secondly, spare a thought for all the people who were collateral damage to Peabody going into chapter 11. There were thousands of Mum and Dad investors who lost money on their investment and hundreds of workers lost their jobs. Ethical investment without addressing the broader impacts of real change is just salve for your conscience.

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