Divestment campaigns are 'unethical', says Institute of Economic Affairs
Pension schemes that divest from stocks in sectors such as tobacco, arms, or fossil fuels are acting in an "unethical" manner, according to the Institute of Economic Affairs' (IEA) head of lifestyle economics.
Divestment will not change company behaviour and detriment is instead caused to individual pension scheme members who are deprived of returns, Christopher Snowdon argued. In particular, local authority...
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