Congratulations, one and all. By a recent unanimous vote, the San Luis Obispo City Council has done the community at large a gross disservice, losing $5,700 in the process by selling the Chevron corporate bond before maturity.
A “socially responsible” investment plan? Socially responsible should mean actions, including investments that benefit society. If that is true, how can you justify losing this money intentionally?
Unless and until you can power the automobiles that each of you probably drives to the council meetings with wind or solar, you will still be completely dependent on those same maligned fossil fuels to power your cars.
Do some of you own 100 percent electric cars? What source of energy do you think runs the power plants that charge those cars for you each evening?
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Just how will wind and solar power ever replace fossil fuels as a dependable source of energy? When the wind dies or the sun does not shine through, where is the energy going to come from to heat and cool our homes, light the streetlights and make the myriad products from fertilizers to plastics that we depend on every day?
Socially responsible, I think not.