No smoking

摘要

They have chained themselves to the White House fence, blockaded Australian coal ports with dugout canoes and mooned the offices of a British minister. But protesters from a green pressure group called 350.org have had their greatest success doing something far duller: petitioning institutional investors to "divest" from stocks and bonds issued by firms that peddle fossil fuels. Opponents of divestment marshal arguments from theory and practice to pooh-pooh such campaigns. But that is both to misunderstand the goals of the activists and to dodge hard questions about how best to serve the interests of their clients.