Capstone Green Energy Corp (fka CGRNQ)

[CaptWhizbang]

Big investors' war on coal
By Heather Long
November 25, 2014: 9:07 AM ET

(There will be a high need for clean machines, such as Capstone turbines, that run on alternative energy. CPST runs on just about anything flammable. CW)

Excerpts:

KLP, Norway's largest pension fund manager, is the latest global player to take a stand against coal. KLP will sell all of its coal holdings and put an additional NOK 500 million (roughly $75 million) into alternative energy.

That means KLP will cut from its portfolio any stocks or bonds from companies that derive more than half of their revenues from coal or related activities such as coal-fired power plants.

Perhaps the most high-profile divestment to date came in September when the $860 million Rockefeller Brothers Fund shocked the world by committing to dump all its holdings in fossil fuels. The Rockefeller family made much of its fortune off the Standard Oil Company at the turn of the 20th Century.

"Client demand is driving so much of this," said Lisa Woll, CEO of The Forum for Sustainable and Responsible Investment. "It's really a practice that is cutting across all asset classes."

I think the reason [the fossil fuel divestment campaign] was launched because there's no viable policy approach to climate. If you had seen a tax on carbon or any other climate change legislation move through the U.S. Congress, you probably wouldn't see any action," Woll noted.

http://money.cnn.com/2014/11/25/investing/coal-companies-divestment/index.html?iid=A_BN_News