alt Hacker NewsI have AkademikerPension as my pension fund through work and this move suits me quite well. They've already excluded Tesla as well as a variety of companies that profit of weapon production, fossil fuel production or are suspected for human rights violations.
https://akademikerpension.dk/ansvarlighed/ekskluderede-selsk...
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IANAeconomist but may I ask, tongue firmly in cheek, if they also only pour water into the shallow end of swimming pools to avoid contributing drownings?
The fossil fuel part doesn't seem like a rational decision to me.
Why are we pretending that fossil fuels dont provide an immense amount of value for humanity, and that its horrible to invest or support building out any fossil fuel production whatsoever.
Lets not do produce it ourselves, lets just instead outsource it to the gulfs and Russia…
Given the Russian threat to Europe and the fact that we are actively sending arms to Ukraine, investing in manufacturing arms doesn't seem like an imoral thing to do. Quite the opposite.
How does Tesla fit with the rest of those?
I'm not a huge fan of Elon Musk but Tesla is a company that produces electric cars (mostly in western countries with half-decent labour laws), it's not associated with any of those things.
I guess one could argue with some merit that the governance is bad enough to exclude it on that basis alone?
In Norway the oil fund are actively arguing against boycotting these kinds of companies saying, and I paraphrase: "but our job is to earn money and we can't do that if you hippies keep standing in the way with your morals"
Good to see it isn't necessarily the case.