Warren Buffett (the crafty, veteran right-hander) likes to remind investors that when it comes to investment pitches nobody is calling balls and strikes. In other words, you can ‘take’ as many pitches as you want without striking out. Institutional investors sitting on their fossil fuel trillions are under no obligation to swing for the Renewable fences.
Even if they thought that getting out of oil and gas shares was a smart thing to do, because they observe that the risks are rising along with the sea level, investing that capital in New Energy companies (a term that has become synonymous with clean tech companies) does not necessarily follow. So why would they? Institutional investors are not going to commit to these companies just because “it’s the right thing to do.”
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