Can the fund/person/company demand that the fossil fuel company gives them their money back? Basically, how can divestment ultimately work if we’re trying to get *everyone* to divest…?
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Assuming “Fossil Fuels company” refer to a company you bought shares.
>Can the fund/person/company demand that the fossil fuel company gives them their money back?
Generally speaking, then the answer is going to be no. If nobody else wants your company (as a shareholder you part-own the company), you’re essentially holding the bag.
Note that it was the seller who has your original money – and the seller would only be the company if they were issuing new shares. Otherwise, once they’re bought, you’ll then most likely have bought your shares from another shareholder.
You “getting your money back” would only involve someone offering to buy the shares – whether it be the market or the company. And it would also be very likely at market rate. So if no-one is looking to buy shares, that price is going to be on the low side.
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