The main power of divestment is not that it financially harms Shell and Chevron in the short term but that it erodes the social license of fossil fuel companies and builds pressure on politicians to introduce across-the-board emission reductions. That pressure, in turn, increases suspicions in the investment community that fossil fuel stocks are overvalued. The benefit of an accompanying reinvestment strategy, or a visionary investment strategy from the start, is that it has the potential to turn the screws on the industry much tighter, strengthening the renewable energy sector so that it is
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