Fossil fuels divestment activist plans to “seize the assets” of energy companies

posted at 6:01 pm on February 11, 2015 by Jazz Shaw

There’s a big holiday coming up and we wanted to make sure you were reminded far enough in advance to get a card. No… I’m not talking about Valentines Day. It’s Global Divestment Day! (Incidentally, Global Divestment Day takes place on February 13th & 14th. Sounds like it should be Global Divestment Days to me, but what can you do?) This is apparently the day(s) when environmental activists push all of the colleges and universities to divest from fossil fuel companies because the money is evil or something.

To spearhead these activities, the interested parties have tapped the talent and resources of author Naomi Klein, perhaps best known for her book, This Changes Everything: Capitalism vs the Climate. (The title alone should tell you all you need to know about her.) She took part in a web chat for the true believers recently where she explained the importance of divestment from energy stocks and their associated profits. But the goal, as she explained it, involves doing a lot more than just getting the trust funds to dump their Chevron stock. That’s not going to solve anything. The real purpose is for the people to rise up, seize control of the companies and take all that dirty money away from them.

Another point I would make, [about] carbon pricing, is that when we make the argument that this is a rogue sector, that their business plan is at odds with life on earth, we are creating an intellectual and political space where it becomes much easier to tax those profits, to increase royalties, and even to nationalize these companies. This is not just about the fact that we want to separate ourselves from these companies, it’s also that we have a right to those profits. If those profits are so illegitimate that Harvard shouldn’t be invested in them, they’re also so illegitimate that taxpayers have a right to them to pay for a transition away from fossil fuels, and to pay the bills for a crisis created by this sector. It’s not just about dissociating ourselves from their profits, but potentially getting a much larger piece of them.

So she wants to create an intellectual and political space. That’s wonderful. The idea of trying to tax the oil companies out of existence isn’t a new one and is very popular among the socialist crowd. But it’s a bit more rare to find one who will go out in public and lay claim to the money they make. That’s some serious, spit on your hands and hoist the black flag stuff right there. This is all based on the premise that their profits are somehow “illegitimate” in the eyes of the activists. I wonder why Occupy didn’t think of that and just go knock on the door at J.P. Morgan and tell them to hand over all the cash?

If these people can convince Harvard and whatever other universities are involved to dump their investments in the energy industry, good for them. I say let them do it. Who really wants those profits going to promote this sort of “education” to begin with? Besides, it’s not like there’s a shortage of other people looking for another solid producer in their portfolio. But the part of this which we’ll want to keep an eye on is how many politicians align themselves with this movement and begin mouthing the same words. This is still (somehow) not a socialist nation and we don’t nationalize companies. The only politician I remember suggesting this in the past was Chuck Schumer, but if more people get on board with such undemocratic ideas they need to be called out.

Since some of you may not believe anyone could actually think this way, the video follows. Don’t worry, it’s not very long.


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Comments

Just to explain her position simply:

We don’t want to contribute toward your company, but we want all of the benefits we would accrue had we contributed.

There is a children’s fable about a little red hen that applies in this situation.

The left wing are the grasshoppers. We ants are getting tired of feeding them. Where’s Ayn Rand when you need her?

Wino on February 11, 2015 at 9:09 PM

Walls and blindfolds.

Immolate on February 11, 2015 at 9:09 PM

Cognitive dissonance alert: …

“We want nothing to do with greedy energy money!”

“Give us all the greedy energy money!”

“Separate from the evil energy companies!”

“Put the evil energy companies under government control!”

Make up your mind, idiot.

Please, succeed at your initial objective, getting liberal wallets free from tangible monetary connections to profitable business. I’m perfectly happy knowing that you’ll invest in heavily subsidized “alternative” companies, which will fail and destroy you. Go ahead, prove your point to your own detriment.

Freelancer on February 11, 2015 at 6:39 PM

Any group that espouses mutually contradictory positions simultaneously is wrong in at least one of them, and probably in both.

AesopFan on February 11, 2015 at 9:13 PM

Can’t help this in the name of, “When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation….”, the only fix for this is,

The only politician I remember suggesting this in the past was Chuck Schumer, but if more people get on board with such undemocratic ideas they need to be called out taken out and shot.

RL on February 11, 2015 at 9:42 PM

Ok I declare that Feb 15,16 and 17 are kick the azzes of global divestment day freaks.

SpongePuppy on February 11, 2015 at 9:45 PM

…we are creating an intellectual and political space where it becomes much easier to tax those profits, to increase royalties, and even to nationalize these companies. This is not just about the fact that we want to separate ourselves from these companies, it’s also that we have a right to those profits.

Translation: We are fabricating a justification for stealing it. We have a right and a duty to steal it, because money is power, and we’re “the right people,” and they’re not. We cannot allow that kind of power to remain in the hands of the wrong people.

It’s standard progressive boilerplate, the “because I said so” theory of government power.

GrumpyOldFart on February 11, 2015 at 9:45 PM

Obysmal is planning to use the FCC to seize the Internet. And this is not silly alarmist conspiratorial information.
http://therightscoop.com/mark-levin-interviews-the-fcc-commissioner-on-massive-internet-takeover/

onlineanalyst on February 11, 2015 at 9:45 PM

Feel BETTER, now for Posting This – JackWagon?!!

williamg on February 11, 2015 at 9:53 PM

They really do want a holy war.

crrr6 on February 11, 2015 at 9:58 PM

U.N. Official Reveals Real Reason Behind Global Warming Scare:

At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.

“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model [capitalism] that has been reigning for at least 150 years, since the Industrial Revolution,” she said.

So how’s that socialism working out for you? A Tom Nelson tweet: Venezuela is ‘laughing stock’ due to crippled economy, says ex-Chavez adviser.

anotherJoe on February 11, 2015 at 9:59 PM

Walls and blindfolds.

Immolate on February 11, 2015 at 9:09 PM

Fine with me, that’s what they have planned for us.

deimos on February 11, 2015 at 9:59 PM

Watermelon, watermelon,
Watermelon rind,
Why’ve all Earth mamas,
Got great big be…well, you get it.

Knott Buyinit on February 11, 2015 at 10:01 PM

Seizing wealth is the only way that leftists are capable of having any of it.

Star Bird on February 11, 2015 at 10:07 PM

If those profits are so illegitimate that Harvard shouldn’t be invested in them, they’re also so illegitimate that taxpayers have a right to them

Only a circular thinking progressive would fail to see the internal contradiction in their logic.

Deadeye on February 11, 2015 at 10:16 PM

And the socialist activists are doing it all for global warming.

Yeah, warming, though we haven’t had any for 18 years, and one brutal winter after another suggest things are a lot colder than the warmists maintain.

https://stevengoddard.wordpress.com/2015/02/11/actually-the-temperature-adjustments-are-extremely-fraudulent/

Now we have record cold throughout much of the US. As the WaPo reports: Severe cold to blast eastern U.S. late week in two penetrating waves.

http://www.washingtonpost.com/blogs/capital-weather-gang/wp/2015/02/09/severe-cold-to-blast-eastern-u-s-late-week-in-two-penetrating-waves/

Even Florida is getting into the act, as the Miami Herlad reports: Cold front will bring sweater weather to South Florida: Temperatures are expected to be as cold as 51 degrees Sunday morning as another cold front chills South Florida into the coming week.

Brrr!

anotherJoe on February 11, 2015 at 10:25 PM

What a dumb@$$.

22044 on February 11, 2015 at 10:27 PM

Can’t wait for single digits Sunday night. Because of that anthropogenic global warming.

22044 on February 11, 2015 at 10:29 PM

Oil companies willingly providing funding to colleges is bad, because it means that they can afford to be generous. It’s much better to have the government simply take away their profits. Environmentalists get a lot more money that way, and it hurts the companies destroying the earth. If the oil companies go out of business, so much the better. /sarc

Aitch748 on February 11, 2015 at 10:37 PM

“Obscene profits”? Did y’all SEE all of the paper this moonbat has behind her??

Bet she has an iPhone and iPad, too…

Newtie and the Beauty on February 11, 2015 at 10:44 PM

At what point will Ms Klein and her ilk have seized enough companies and their profits? If a company isn’t profitable, will she want to seize?

WestTexasBirdDog on February 11, 2015 at 10:48 PM

Let me guess. After the pirates take the cash, she gets to decide what to do with it.

BillCarson on February 11, 2015 at 11:08 PM

Environmentalists get a lot more money that way, and it hurts the companies destroying the earth.

Many of these groups love to scaremonger about “toxic” chemicals, especially preservatives, so they can rake in donations.

DevilishSoda on February 11, 2015 at 11:18 PM

Environmental policy: not so much enviro as mental

A passage about the idiotic wind turbines that the oil divestment nuts want to replace our energy with.

http://wattsupwiththat.com/2015/02/10/environmental-policy-not-so-much-enviro-as-mental/

An excerpt:

Then there were the useless windmills. These bat-blatting, bird-blending eyesores now grimly overshadow close to two-thirds of Scotland’s once-beautiful land mass. Tourist numbers in formerly beautiful areas of the countryside now scarred by this pointless industrialization of the landscape are nosediving.

The subsidy farms are mincing the birds daily. Soon they will have wiped out all of these noble but fragile constituents in Scotland’s environment, in the name of – er – preserving the environment.

Don’t get me started on the cost [of the windmills]…

Before long, as the last eagles flutter to their bloody deaths at the foot of these cruel towers of steel…
————— ———– ————
Here’s a frightful video of a bird (a vulture?) getting sliced up by a windmill, clearly painfully as the downed bird stands up for a bit after thumping to the ground, then totters back down. And it’s a BIG bird! I don’t know how anyone can watch this video and still be for the insane wind turbines. Knock all the windmills down: https://www.youtube.com/watch?v=jwVz5hdAMGU

anotherJoe on February 11, 2015 at 11:36 PM

So Feb 15th is “get a good deal on all that dumped oil company stock” day.

dentarthurdent on February 11, 2015 at 11:48 PM

Throw her into the tar pits.

Delsa on February 12, 2015 at 12:25 AM

More on the windmill menace.

Apparently the production of windmills is grossly contaminating the Chinese lands involved:

http://www.dailymail.co.uk/home/moslive/article-1350811/In-China-true-cost-Britains-clean-green-wind-power-experiment-Pollution-disastrous-scale.html

Sad. The “bubbling toxic waste” contaminating the Chinese land that used to be fields of wheat and corn. Congress should make a law: all windmills and their parts must be produced in this country, not China, so we can see and experience for ourselves the additional environmental damage the production of these monsters causes.

From the above link:

On the Chinese lands used for windmill production:

This vast, hissing cauldron of chemicals is the dumping ground for seven million tons a year of mined rare earth after it has been doused in acid and chemicals and processed through red-hot furnaces to extract its components. Rusting pipelines meander for miles from factories processing rare earths in Baotou out to the man-made lake where, mixed with water, the foul-smelling radioactive waste from this industrial process is pumped day after day.

anotherJoe on February 12, 2015 at 12:45 AM

What is the difference between a producer and a looter?

The producer wants to earn money, and will learn to do what he must in order to succeed. The looter wants to get money, and will learn to do what he must to steal the producer’s success.

The functionally nihilistic progressives love to mock Atlas Shrugged as ridiculous fantasy, while they are inching ever closer to Directive 10-289. ‘Net Neutrality’ will be a major step in that direction, nationalizing energy companies an even bigger one.

Freelancer on February 12, 2015 at 1:27 AM

Turn off her power. Take away her car keys. Take away her electronics. Let her freeze to death in the dark. Then burn her body to generate power. After all humans are a renewable resource.

Deadeye on February 12, 2015 at 1:53 AM

…b!tchslap her!

JugEarsButtHurt on February 12, 2015 at 2:19 AM

If its going to come down to a invest/devest issue regarding each company along the lines of blue/red then google is blue so that’s out of conservative’s portfolio’s, apple is blue so that’s gone as well, staples is non-denominational so it automatically falls in with the red especially now that it just did the aca/obamacare thing.

Its going to come down blatant open in the streets blue on red corporate wars.

Which means insulting tweets between people vs. people eventually.

athenadelphi on February 12, 2015 at 4:31 AM

Somebody tell that idiot to take a hike and don’t return.

rplat on February 12, 2015 at 6:44 AM

Naomi really should divest herself of that high petroleum use lifestyle she has. Clothing first. Then the computer. No, wait, she might try a PPV so the computer first, then the clothing. Oh and anything having a single gram of fossil fuels expended to make it, transport it, or get it delivered to your door. Tires included.

And then her neighbors can point out how she has been hoarding goods and cash and that they want to seize her ill-gotten, petroleum based assets for redistribution. Plus since she has been so rapacious that she should really be working for them, as her corporate self, of course.

They aren’t ‘pro-environment’ so much as they are ‘anti-civilization’ and ‘anti-human’.

ajacksonian on February 12, 2015 at 6:45 AM

I’m going to assume that she does not drive a car, use any public transportation which is run on fossil fuels, and only rides a bike or walks? Her house is only heated by solar and geothermal energy and her lighting and computer are run on solar and wind?

I didn’t think so.

Mo_mac on February 11, 2015 at 6:20 PM

That is only a fraction of the oil picture: Its also used in cosmetics, medicine, plastics, yarn, dentures, toothpaste, paint, carpet, roofing, detergents, fertilizer, solvents, clothing, etc.

Basically, she wants seven billion people to revert to the stone age, or since her protests are basically necked down to just American industry, she simply wants to destroy the united States.

Nothing to see here, just yet another lunatic with an audience.

Reuben Hick on February 12, 2015 at 7:28 AM

The old arguments that most women are not responsible enough to trust with voting or leadership are being proven by all these female liberal tyrants and feminist fools.

Spartacus on February 12, 2015 at 7:49 AM

Watermelon environmentalists. Green on the outside and red on the inside. It’s an old joke but very very true.

Rancher on February 12, 2015 at 8:08 AM

So she’s BHO’s new Secretary of Energy? Chavez’s daughter?

Her real message to her followers is, “Stop using your EBT cards to buy Texaco stock!”

NoPain on February 12, 2015 at 8:19 AM

What a funny read to start my day. I just turned up the t-stat by the way.

Ellis on February 12, 2015 at 8:20 AM

This harpy’s boyfriend has got to be the most whipped omega male in the history of history.

He probably suffers from PMS.

CurtZHP on February 12, 2015 at 8:33 AM

I hope she doesn’t own a car or use any goods or services requiring fossil fuels because that makes her a, well, you know. Incredible chutzpah on display.

College Prof on February 12, 2015 at 8:52 AM

There is an old bumper sticker that seems to be the appropriate response to this;

LET THE BASTARDS FREEZE IN THE DARK!

bartbeast on February 12, 2015 at 8:54 AM

Hey Jazz, how about those Pats, eh? Fantastic Super Bowl win they engineered, no? Gotta love the Pats. Number five will come next year.

soghornetgunner on February 12, 2015 at 8:58 AM

Where’s Ayn Rand when you need her?

Wino on February 11, 2015 at 9:09 PM

Being discredited with hyper-emotional movies. Has the third one come out yet?

rhombus on February 12, 2015 at 9:07 AM

Is her book free or does she sell it to make a profit? She’s trying to dance on the head of a pin. Harvard loves those profits, it has the biggest reserve in their endowment fund of any college in the country. They may spout gibberish about agw and anti capitalism but deep down they’re just as money grubbing as any cheap politician.

Kissmygrits on February 12, 2015 at 9:15 AM

Talking with your eyes closed = lying

BobMbx on February 12, 2015 at 9:17 AM

I’ve decided today that I feel arbitrarily entitled to whatever profits she seizes from the energy company.

I therefore have a right to seize from her whatever she seizes from the energy company.

Star Bird on February 12, 2015 at 9:34 AM

She does sell for a profit. This latest effort is $22.68 at Amazon reduced from $30. It has 4 and a quarter stars. She is Canadian and lives with her husband in Montreal. Don’t we have enough kooks without importing one from Canada.

Kissmygrits on February 12, 2015 at 9:43 AM

They really do want a holy war.

crrr6 on February 11, 2015 at 9:58 PM

Ayup, the hour is drawing ever nearer.

Dick Richard on February 12, 2015 at 9:53 AM

Ummmm…..what is that behind her, on the wall?

Is that a CO2 generator, colloquially known as a ‘fireplace’?

Is it a woodburner or gas? I wonder….who chopped down the tree, or drilled for the gas? Either way, Mother Gaia is crying.

BobMbx on February 12, 2015 at 9:57 AM

Translation: We are fabricating a justification for stealing it. We have a right and a duty to steal it, because money is power, and we’re “the right people,” and they’re not. We cannot allow that kind of power to remain in the hands of the wrong people.

GrumpyOldFart on February 11, 2015 at 9:45 PM

Exactly right.

GWB on February 12, 2015 at 10:06 AM

It’s always a good start to have positively identified the target before the engagement begins.

Closet Optimist on February 12, 2015 at 10:47 AM

Can’t we do both? I like the awareness raising potential of 1600 horsepower, and 2ft. flames out the exhaust pipes, plus the noise, the glorious noise! Gotta have an offensively large American flag flying off that sucker too.

Brian1972 on February 11, 2015 at 6:41 PM

Sure, but can we watch her try to live carbon free for a few weeks first? Hopefully she’ll live a few weeks.

darwin on February 11, 2015 at 6:46 PM

No, wait, I’ve got an idea. Announce that the oil companies are hosting a forum–an intellectual and political space, if you will– to allow environmentalists to propose a means for transferring the evil oil profits into more environmentally sensitive endeavors. Hold the meeting in the cargo bay of a C-5, and as soon as it is filled to capacity just take off. Offer each nutjob a Bowie knife and a parachute, and kick them out the door as soon as the plane is over the heart of the Amazon. They are entitled to a truly intimate experience with Gaia, no? /evil fantasy off

Ms. Anthrope on February 12, 2015 at 11:02 AM

Maybe, just maybe, I can buy the stock held by these universities for pennies on the dollar so let’s support these idiots and get rich in the process. One thing about it, they can’t live without energy any more than the whole world can and energy is still going to be purchased just to survive. What’s so hard to understand in that?

Pardonme on February 12, 2015 at 11:09 AM

Offer each nutjob a Bowie knife and a parachute

Ms. Anthrope on February 12, 2015 at 11:02 AM

Offer them a gun. The ones who find it too icky to take…. oh well.

GWB on February 12, 2015 at 11:15 AM

Green is the new Red.
Commie.

Little Boomer on February 12, 2015 at 11:24 AM

Leftist ideology explained.

Star Bird on February 12, 2015 at 11:40 AM

Our resident trolls and progressive leftists are strangely quiet on this thread… hmmm…. no verbaluce, partisan, libfree, tlaloc, et al.

Neitherleftorright on February 12, 2015 at 11:47 AM

Our resident trolls and progressive leftists are strangely quiet on this thread… hmmm…. no verbaluce, partisan, libfree, tlaloc, et al.

Neitherleftorright on February 12, 2015 at 11:47 AM

They usually avoid threads where they can’t troll or defend / obfuscate the position of the left specific to that thread.

It’s hard to troll when some leftard speaks the truth and highlights their real agenda with all of its vapidity and hypocrisy.

Athos on February 12, 2015 at 12:06 PM

Athos on February 12, 2015 at 12:06 PM

Well said.

Neitherleftorright on February 12, 2015 at 12:23 PM

/evil fantasy off

Ms. Anthrope on February 12, 2015 at 11:02 AM

Is “evil fantasy” something like “clown nose”?

GrumpyOldFart on February 12, 2015 at 12:26 PM

“The real purpose is for the people to rise up, seize control of the companies”

Well my pointy-headed little Utopian Socialist darling, there IS a way you can do that. Get a job, earn money, and invest that money in the company stock.

oldleprechaun on February 12, 2015 at 12:26 PM

I’m sure a lot of the stockholders own weapons.

ultracon on February 12, 2015 at 12:58 PM

I fully expect this greedy fascist (FASCIST!) Naomi Klein to never again (NEVER AGAIN) fly on a jetliner; use a smartphone; turn on an air conditioner….

Oh never mind. STFU GREEDY FASCIST!

locomotivebreath1901 on February 12, 2015 at 1:14 PM

This is what mental illness looks like, contradictory and delusional.

Archer on February 12, 2015 at 1:58 PM

If those profits are so illegitimate that Harvard shouldn’t be invested in them, they’re also so illegitimate that taxpayers have a right to them to pay for a transition away from fossil fuels, and to pay the bills for a crisis created by this sector.

So Harvard decides for everybody now? That’s a new wrinkle on the post-Republic.

Axeman on February 12, 2015 at 4:39 PM

This Lady needs to dis-associate herself from fossil fuels. Which means not using fossil fuels, or buying products or services that use them.
So she will have to live in grass hut on beach somewhere and make her own grass skirts.

DesertEagle on February 12, 2015 at 5:21 PM

Let some of these leftists come to me and try taking anything, even a used popsicle stick, and they’ll find out exactly what it’s like to be in dire need to emergency services.

Andy__B on February 12, 2015 at 9:05 PM

*of emergency services.

Can we have an edit to post after submission? Please? Other sites have it so it’s not impossible. Come on.

Andy__B on February 12, 2015 at 9:06 PM

How has America created such airheads?

kjatexas on February 13, 2015 at 9:55 AM

Walls and blindfolds.

Immolate on February 11, 2015 at 9:09 PM

Before they do it to us.

kjatexas on February 13, 2015 at 9:59 AM

This is what they mean when they say, “Property is theft.”

Kenosha Kid on February 13, 2015 at 10:42 AM

Naomi Klein is a ugly, statist pig.

Heftyjo on February 13, 2015 at 12:46 PM

They’re welcome to try — and it will get real ugly real fast.

Citizen Jerry on February 13, 2015 at 3:55 PM