How about me what?
Do I invest in fossil fuels?
Not sure what point it is you are trying to make with your question, but the answer is no, not especially.
But possibly for entirely different - and less virtuous - reasons to you.
I don't invest in them because I consider them to be fundamentally flawed businesses.
Just like some non-fossil fuel companies, including certain ones that invest in virtuous endeavours, such as renewable energy.
(Not sure you caught the AFR article yesterday that cited one billion dollars in write-downs of the value of solar projects in Australia, which is a meaningful proportion of the total investment made in the industry to date. According to the article: The Clean Energy Industry Group, which has invested $11 billion in the sector to date, advised that the size of revenue cuts to some wind and solar projects is likely to cause "a level of financial distress" and pointed to the risk of project default and disruption of supply)
CSL Price at posting:
$236.48 Sentiment: Hold Disclosure: Held
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