RE: fossil fuels15 Oct 2019 13:36
I've thought of this as I'm pretty keen on renewables. I'd buy an electric car if I could afford one, if I built a house I'd love to go off grid with solar and batteries.
The way I figure it, I'm buying already existing shares, not putting in start up capital. If the company finds oil, they'll find it whether I have those shares or not. If they do discover oil and sell the reserve, it's coming out of the ground whether I have those shares or not.
It may as well be me that makes money off it if it's successful. I have no moral qualms about buying and selling existing shares. We still live in a capitalist society, it's perfectly legal and ethically neutral.