Comment Re:10 myths about fossil fuel divestment (Score 1) 190
"But the amounts being divested are too small to flood the market and cut share prices, so they won’t be going cheap."
Clearly, you don't understand how stock markets work. The value of a stock is merely that of its last trade. Convince someone you have a stock that is going higher and you have a buyer. Convince them it is going lower and you have more sellers and fewer buyers. The number of shares traded don't matter, merely the last trade made.
As divestment picks up steam, not to mention all the inconvenient truths about the "other" costs of burning fossil fuels and soon you have more people expecting that the prices will fall. This is of importance in that as the price falls it exacerbates the problem of too much capacity without sufficient buyers or consumers further driving expectations. Stock value is not something that is intrinsic to a stock, it is something that is entirely created by perceptions. The perception has long been that fossil fuels are "black gold". More and more people are coming to perceive that they can also likely represent a "black future".