I was reading this article, and if I understand the argument correctly, the author suggests that investors are quietly pulling their money out of the fossil industry,by using their influence as shareholders to make management use its cash to buy back shares.

This would make more sense than simply selling your shares, because both the actual selling of shares, and the message that you’re sending in doing so, would lower the value of the shares, and many large investors still have a lot of money in the fossil fuel industry.

Have any of you heard of this before? Is this a thing?