If you ever wonder how academics and activists combine to end up utopian, anti-poor and anti-middle class all at once, look no further than calls for savings and pension divestment from Canadian oil and gas companies.
One academic from Toronto’s Ryerson University wrote of how “we are facing an impending disaster” from fossil fuels. The professor had several demands: That companies “reduce their carbon footprint to net zero” or be forcibly wound down. If they do not voluntarily commit economic hara-kiri, towns and cities must even more massively subsidize green industries to put hydrocarbon industries out of business. Finally, a demand that the Canada Pension Plan drop its oil and natural gas holdings.
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