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According to Knight, the best solution is to remove investment decisions from the general population, which might be put off by uncertainty, and place them in the hands of people who like taking gambles: entrepreneurs.
The recent success of the California Federation of Teachers' (CFT) battle to remove investment in guns and pro-guns organizations from their retirement fund is a major victory.
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A California lawmaker introduced a bill in December that would require state pension funds to remove investments from companies funding the pipeline.
At the urging of a group of concerned D.C. residents, the Council of the District of Columbia has proposed the Fossil Fuel Divestment Act of 2013 -- legislation that would remove investments in the 200 publicly traded companies with the most fossil fuel reserves from the District's portfolios.
You can think of it as securitization for the masses, but I am removing investment banks from the process.
Remove the investment risk and free the content.
The Guardian has itself committed to remove its investments from fossil fuels.
In March, the Guardian launched a campaign calling on the world's largest charitable foundations – the Wellcome Trust and the Gates Foundation – to remove their investments from fossil fuel companies.
The University of Washington will remove direct investments in thermal coal from its $2.8bn£1.8bnbn) endowment, following a vote by the board of regents, its governing body.
An influential group of bishops have called on Anglican churches to remove their investments from the fossil fuel companies that are driving climate change.
The comments from Van Beurden indicate that the oil industry is beginning to become rattled by those talking about a "carbon bubble" of oil and gas reserves that should be left in the ground, and moves by the Church of England and universities to remove their investments from the large oil and coal extractors.
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