by scobienz » Sat Oct 19, 2019 2:51 pm
I think I’ve worked out the point KFF is trying to make out. He seems to believe that the asset managers that investors pay to look after their investments actually pay and subsidise fossil fuel companies like BP and Shell.
They don’t. Asset management companies trade shares. When you buy a BP share from an investor, the money goes to that investor, not the underlying company. Companies like BP are full subscribed. All their shares are in circulation already. The exception to this is rights issues etc.
A final point. Who does KFF think are the companies spending the most on exploring renewable energy opportunities and investing billions in that area?
That’s right. Fossil fuel companies.
I think I’ve worked out the point KFF is trying to make out. He seems to believe that the asset managers that investors pay to look after their investments actually pay and subsidise fossil fuel companies like BP and Shell.
They don’t. Asset management companies trade shares. When you buy a BP share from an investor, the money goes to that investor, not the underlying company. Companies like BP are full subscribed. All their shares are in circulation already. The exception to this is rights issues etc.
A final point. Who does KFF think are the companies spending the most on exploring renewable energy opportunities and investing billions in that area?
That’s right. Fossil fuel companies.