Debunking the Divestment Meme: NY Teachers Invest $1M in Antero

We’ve reported on the divestment meme for years–the effort by anti-fossil fuel radicals to force banks and investment firms to withdraw funding and refuse to invest in (or lend money to) any company that produces “fossil fuels.” Most recently Jim Cramer from CNBC’s “Mad Money” said, “I’m done with fossil fuels. They’re done. They’re just done.” (see Jim Cramer Succumbs to the Dark Side – “Done with Fossil Fuels”) Cramer’s words seem to echo the sentiment of many in mainstream media. And yet…and yet, we have evidence that divestment is NOT happening. Not anywhere near the level anti-fossil fuelers would have you believe.

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