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Comment by hodder

Criminal prosecution of shareholders of oil companies? You do realize this basically includes every human with pension, mutual fund or ETF holdings right? The notion is unfounded. Shareholders are not breaking any laws.

It is up to the government to set the rules and allow the market to play within them. Expropriation of oilfields would imply the government pick winners and losers and would be a devastating blow to property rights. If you advocate change, you should focus on advocating (fair) change in the regulatory framework.

Why not simply let the market decide which carbon emissions are of the most marginal value to society. You do this through cap and trade or carbon taxes, not from picking winners and losers.

parent hodder 7 years ago

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