[diffeomorphism]

> Or it will settle at 5.01% due to the fact that a middle eastern sovereign wealth fund or two will be bigger than all investors who sign up to this scheme put together.

Which did not sign up at 5%, but at 5.01% it is now totally worth it... . No, it is entirely unreasonable to expect that if the current large investors drop out they will be more than replaced.

It might be the case and even likely that Hohn does not achieve the first step, but if he can convince a few large investors the effect will be much bigger than 5.01%.

> If I'm wrong, it'll only be because a majority of investors who would have otherwise invested in coal (important distinction) jump on board this campaign, or close to a majority.

If "just", say, 10% jump on board, what then?

[99052882514569]

>It might be the case and even likely that Hohn does not achieve the first step, but if he can convince a few large investors the effect will be much bigger than 5.01%.

No, not a few. Most.

>If "just", say, 10% jump on board, what then?

Then it'll make little or no difference.