As Bernie would say — “this is yuuuuuge”
This is the first and most notable disinvestment based on the truth that there should be NO INVESTMENTS that CAUSE ‘negative externality costs’ to be dumped on our world just for the criminal intent of making ‘faux-profits’ only through raping ‘our world’.
I have spent the last ten years trying to wake the ‘socially responsible investment community’ to the effin reality that they could make a massive and POSITIVE EFFECT on “our country” and the world if they stopped effin around with their stupid current ‘factors and screening’ approach to selecting good companies, and avoiding bad companies, by switching to the simple idea, marketing strategy, and ‘marketing narrative’ of investing in “POSITIVE EXTERNALITY PROFITS” and avoiding like the effin PLAGUE any investments in nasty effin useless corporations that are only able to make ‘phony profits’ by destroying our only world.
I absolutely can’t believe that supposedly good “Socially Responsible Investment” firms like PAX (founded in Portsmouth NH) can be sooo stupid, and consistently refusing to listen to their own customer base telling them to get serious and start using an analysis method of looking at companies from the standpoint of generating “Positive Externality Profits” vs, looting thieves in corporations that dump ‘Negative Externality Costs’ on our world’!!!