Social Capitalists

After successfully bewitching the greens into falling for college campus fossil fuel divestment in the US — which helped Wall Street consolidate its fossil fuel control — Wall Street is now cooking up an international carbon copy of this hoax to capitalize on the euphoria of climate campaigns.

The Divest-Invest Shell Game — like the REDD carbon market fiasco — requires suspension of disbelief, and determined engagement in wishful thinking.

BDS against Israel, and formerly against South Africa, used the three-part formula of Boycott Divestment Sanction. Divestment, as used by 350, omits boycott and sanction, and limits divestment to meaningless, symbolic acts.

When it comes to the 350 agenda, they leave out the boycott of fossil fuels, and the sanction of fossil fuel corporations, and instead press for divestment by institutions like colleges and universities. All this divestment does is make once publicly-held shares available on Wall Street, which allows trading houses like Goldman Sachs to further consolidate their control of the industry.

BDS, when applied against apartheid states by other states and international institutions, includes cutting off access to finance, as well as penalties for crimes against humanity. What makes 350 so devious, is that they hijack public emotions (and ignorance) using phony “divestment” as a disorganizing tool to redirect activism away from effective work.

The mystique of mass hypnosis, embodied in the Charms of Naomi, examines the social engineering of climate activism organized by 350, as well as the seductive energy tales that lead gullible progressives into supporting one hoax after another.

In McKibben’s Divestment Tour — Brought to You by Wall Street, acclaimed investigative reporter Cory Morningstar continues her series of reports on the non-profit industrial complex, with a focus on social capitalists like The Clinton Foundation and the Rockefeller Brothers Fund that created 1Sky–the forerunner of 350. With help from CERES, they help the fossil fuel industry avoid boycott and sanction by owning NGOs and directing their climate agenda.