Potentially we are if an even more polluting investment becomes more profitable and they go for that. Gas, for instance, usually emits less CO2 but emits a lot more methane, which is ~90 times more warming. This is what coal is typically being replaced with.
I'd like to know what is the point of giving investors a pat on the back for engaging in selfish behavior? It's like thanking a full tiger for not eating you.
I understand the desire to dig into intentions here but we're not losing if we invest less in coal.