Jenny ChaseIf I had ten billion dollars to spend on combatting climate change, I'm honestly not sure what I'd do with it, and I rather think that if you are then you haven't really looked into the question.
(For obvious reasons this is not investment advice).
Gershon Bialer@solar_chase why not spend it on elections and lobbyists to get strong legislation and treaties?
@gersh "I will buy political influence" might BE the right answer but it is fraught with problems and accusations of being evil.
@solar_chase If have 10 billion you are already gonna get accused of being evil.
Kevin Cianfarini@gersh @solar_chase I think about this a lot. I would do virtuous corporate raids through Engine No. 1 or Sphere Index.
@kevincianfarini @gersh hmmm so try to change the oil giants rather than destroy them?
@solar_chase @gersh well, it depends. That's the goal of Engine No. 1. Sphere backs out of fossil fuels altogether, and instead focuses its voting power on the 416 non-fossil fuel companies in the SP500.
I personally like Sphere better because it avoids exposure to (what I think are) stranded assets in your retirement accounts.
But $10B would be easy for the market to absorb AND it would disrupt many shareholders trying to vote against humanity.