QOTD: Grantham says Oil is Dead

Jeremy Grantham (GMO) is one of the most admired institutional investors and thinkers in the world, and with good reason. He is also a passionate environmentalist who has put himself at risk of arrest for taking part in various civil disobedience demonstrations and protests over the years. The 79 year old investor gave the keynote presentation at last week’s Morningstar Investment Conference and he chose to make the case for why ESG investing might be about much more than just asserting our values.

This quote in particular should get your attention:

 “You can divest from oil–or about anything else–without much consequence for performance.” Yet today, the rationale for divesting from fossil fuels isn’t just about aligning with an investor’s values, it reflects a forward-looking view that these industries are in long-term decline and their reserves will become stranded assets.

“Oil may have a last hurrah before the electric cars arrive, but when they do, there will be some tough times for a long time.”

Read the rest of what he had to say here:

3 Ways to Follow Jeremy Grantham’s Advice on Climate-Aware Investing (Morningstar)

Read also:

How You Can #Resist … With Your Portfolio (TRB)

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  1. QOTD: Grantham says Oil is Dead – Financial Solutions commented on Jun 22

    […] Jeremy Grantham (GMO) is one of the most admired institutional investors and thinkers in the world, and with good reason. He is also a passionate environmentalist who has put himself at risk of arrest for taking part in various civil disobedience demonstrations and protests over the years. The 79 year old investor gave the keynote presentation at last week’s Morningstar Investment Conference and he chose to make the… Source: http://thereformedbroker.com/2018/06/22/qotd-grantham-says-oil-is-dead/ […]

  2. Is Oil Really Dead? - RCM Alternatives commented on Jul 09

    […] We’re perfecting the art of generating energy, but does that mean that renewable energy will soon overtake oil over the next couple of decades? Jeremy Grantham thinks so, saying we’ve hit peak oil from the other side – meaning it’s going to become irrelevant eventually. Here’s his quote on ESG investing (Environmental, and Social Governance) via Josh Brown: […]

  3. Is Oil Really Dead? commented on Jul 09

    […] We’re perfecting the art of generating energy, but does that mean that renewable energy will soon overtake oil over the next couple of decades? Jeremy Grantham thinks so, saying we’ve hit peak oil from the other side – meaning it’s going to become irrelevant eventually. Here’s his quote on ESG investing (Environmental, and Social Governance) via Josh Brown: […]