Nathan Huening Meadows

March 11, 2021

A moral question

Let's say you wanted to invest in publicly-traded companies, with a mind to capture profits and dividends from them and do useful things with those dollars. Would it be morally acceptable to buy from companies that are highly profitable, whose business models you don't believe in or endorse, but spent the money earned on goals and priorities that you *do* endorse?

For example, I don't hold any petro / fossil fuel company stock and go out of my way to avoid it in indices. But ExxonMobil makes a ton of cash. Should I buy it, and then use the dollars I make to invest in green energy and supporting climate policy?

I mean, *somebody* is going to make that money. I don't know how s/he'll spend it. I know how I will, but I also recognize that buying stock in that company is tantamount to an endorsement contra principles. So a conundrum:

Do I buy, or not?