Investors with a Black Hand

Vincent J. Curtis

23 Mar 23

RE: Mac protestors push for divestment.  Op-ed by “McMaster Divestment Porject”  The Hamilton Spectator 23 Mar 23.

As a preliminary, I find it bad practice that the Spectator would publish an anonymous op-ed.  The group calls itself the “McMaster Divestment Project,” but I would call them the “Black Hand Investment Advisors”.  As stock pickers, they suck.  The grandmother of oil companies, ExxonMobile, increased in stock price by over seventy percent in the last five years while paying a good dividend; and XOM is precisely the company the Black Hand Investment Group want McMaster to divest itself of.

I wouldn’t put the money into pot stocks, as that sector, once considered an investment darling, has all but collapsed.  I observe that Black Hand complains Mac doesn’t hold enough stock in fossil fuel companies - because a few million dollars’ worth, “does not afford any leverage.”

The point of investing is to make money, but I don’t expect the children gluing themselves to things on the Mac campus, or depriving themselves of food because they’re starved for attention, to understand that.  What I expect of university students is awareness, critical thinking, and an eagerness to learn - none of which is apparent in the Manifesto of the Black Hand Investment Advisors.

Mac Admin does well to ignore children involved in mischief.

-30-

The things they ought to know include the failure of the climate cultists to come though on ANY of their disaster forecasts going back to 1989.  Back then, our last chance to save the world was in 2000.  Never mind Arctic sea ice is still around, or the fact that satellite data shows no warming since 2005.  They ought at least to try to refute the Twitter postings of Steve Milloy and Tony Heller, but they don’t.  They ought to know that, if you believe more CO2 equals disaster for the planet that no heroic effort by Canada will do anything because of what’s going on in India and China.

That they know none of this tells me the aim of their project isn’t to save the world, it’s to cripple Western civilization.