Cost of Capital Ethics Globalization 
Harvard Business Review
NOVEMBER 4, 2014
Divestment can theoretically address this market failure by limiting investment by the fossil fuel industry by depressing company valuations and thereby increasing the cost of capital. For many companies, most of the capital expenditures are financed from internal cash flows and bank financing. Finance Sustainability'
Harvard Business Review
NOVEMBER 4, 2014
Divestment can theoretically address this market failure by limiting investment by the fossil fuel industry by depressing company valuations and thereby increasing the cost of capital. For many companies, most of the capital expenditures are financed from internal cash flows and bank financing. Finance Sustainability'
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