Just now read the SA piece. Thanks for bringing it to our attention.
As I read it, I was struck by a sense within myself of something akin to indifference of a sort. It's taken me a few minutes but I think I've figured out why that is becoming increasingly apparent...and it brings me to something confusing, as well.
Firstly, I'm old. Should the end of fossil fuels utilization happen at ANY POINT YET TO OCCUR, surely it will not likely do so during my fully functional years. This may not hold twenty years from now but at 76, I don't bank on sticking around past 95 despite perfect health today.
Now, then, if things remain on track---meaning my individual stock pick projections stay on an even footing without becoming derailed, then I will have met my personal wealth-accumulation goals within this year and the next (2018). Frankly, I find it difficult to fret about global warming and less-than-perfect air down the road, be it ten years, or forty years. I'm not going to be around forever and I have no heirs, as it happens.
That said, I'm focusing on realizing a few monetarily based investment goals. If I should reach a couple of these goals over the next year or two, I suspect my focus will turn to matters not centering about myself and my personal estate. For now, though, my thoughts are largely concentrated about forces in play as a direct result of my own stock management actions. I'm fairly certain I'll be repositioning along the way and I'm positive my attention will realign with issues bigger than my personal goals.
My wife and I have set up a charitable trust. It will be dispersed to three unconnected charities, none tied in with the other component members. If I reach my personal goals over this year and the next, I know I'll fix on bigger schemes with a can-do attitude.
I wish I had heirs in line to receive my estate but it was not meant to be. And I'm not without concern for those following me. I'm simply not at a place that has me aggressively protective of my estate. So when I read of Trump's readiness to reopen coal initiatives, I'm excited. No, I have no money in coal nor am I likely to alter my course. And I have much knowledge of the clean coal initiatives that have come about over the past dozen years or so. I have been, at times, heavily vested in such investment orientation. But I'm happy to be where I am at present.
If Mr. T. manages to maneuver our taxing authorities away from RINs shackling of the smaller refiners, I expect it will dramatically add $2 or more to ALDW's valuation in a NY minute. This, I believe, is a far more likely scenario than could justify concern for the waning of fossil fuel consumption.
