What's all this then? Well, outgoing Grauniad editor Alan Rusbridger, stricken with guilt that he hasn't used his organ more extensively for campaining, has decided to go hell-for-leather for green activism in the run-up to Paris, under the comfortingly simplistic Keep-It-In-The-Ground banner.
This stuff makes me smile.
The discovery of massive oil reserves in south-east England represents a threat, not a bonanza ... the UK’s Climate Change Act commits us to regarding all shares and financial products dependent for their value on fossil resources as unusable “stranded assets”.I think not, whatever silliness Mark Carney may indulge in from time to time: although there could (I suppose) eventually be enough of a movement against institutional investing in oil & gas shares to improve the yield for those who see matters a bit more clearly; stranger things have happened.
In the meantime Molly Scott Cato, "professor of green economics at Roehampton University and the Green party's finance speaker", author of the above twaddle, may care to visit the lovely county of Dorset. There she will find - or rather, she probably won't find because it is essentially invisible - Europe's largest onshore oilfield, Wytch Farm. Cleverly developed by BP (now owned & operated by Perenco), it is a model of sensitive oil production. Few Wealden landowners would have any qualms about another of those.
If it's there, it'll not long be kept in the ground.