ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

http://www.businessinsider.sg/r-philanth...ent-2014-9

The Rockefeller charity is one of philanthropies that pledge to divest from fossil fuels investment. Given Singapore has a large O&M industry that supplies/supports offshore drilling, are we prepare if green energy era is coming sooner than expected?

I might be reading too much but divest is different from close down or disinvest (no new capex for exploration)

Fossil fuel is not just petroleum.
There are a whole host of other products, such as plastics and chemical.
Maybe cars and power plant do not need oil, but other industries will need plastics and chemicals.

50bil is less than 0.1% of their wealth according to conspiracy theorist