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Jan. 23, 2020, 11:14 a.m. EST

Mnuchin to Greta Thunberg — go study economics first

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By Steve Goldstein, MarketWatch


Reuters
U.S. Treasury Secretary Steven Mnuchin reacts during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020.

President Donald Trump has taken a few digs at 17-year-old environmental activist Greta Thunberg, and now Treasury Secretary Steven Mnuchin has as well.

Speaking at a press conference Thursday with Commerce Sec. Wilbur Ross at the World Economic Forum in Davos, Mnuchin was asked about Thunberg’s recommendation to divest from fossil fuels, according to Reuters .

“After she goes and studies economics in college, she can come back and explain that to us.”

Treasury Sec. Steven Mnuchin

(Mnuchin, for what it’s worth, does have an economics degree, from Yale University. His scientific training is less clear.)

Divesting from fossil-fuel companies is an idea picking up steam, though it’s at its infant stages. BlackRock for example said it will divest from pure-play coal companies in its actively managed funds.

Also read: Some big coal players may escape BlackRock’s planned divestment

Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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