The Folly of Divesting Fossil Fuel Stocks – Pension Funds Fall

In some liberal-dominated cities and states in the U.S., sleazy politicians have pushed their public pension funds to divest from fossil fuel companies. Dump the stock they own in those companies. Why? Who knows why. There’s no explaining insanity. Supposedly fossil fuels are evil and so-called renewables are righteous, so these sleazy politicians (like NYC Mayor Bill de Blasio and NY Gov. Andrew Cuomo) are forcing municipalities and entire states to divest. We told you last week that Gov. Andrew “tinhorn dictator” Cuomo is forcing the state public employee pension fund to divest–and it will cost pensioners a staggering $1 trillion out of their own pockets as a result (see Cuomo Plan to Divest Pension Fund from Fossil Fuels Cost NY $1T). The same thing will happen elsewhere if divestment catches on. Here’s a question: Why stop with divesting from fossil fuels? What about other libnut causes, like Pepsi and Coke–they make sugary drinks that make kids fat. What about divesting from fast food establishments, like McDonalds and Burger King and Wendy’s? What about divesting from Chick-fil-A? After all, Chick-fil-A is run by Christians (yuck!) and they dare to close their restaurants on Sundays. In fact, let’s just divest from everything! Where does this madness stop?…

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