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'They're Done': CNBC's Jim Cramer Says Fossil Fuel Industry 'In the Death Knell Phase'

"“They're done,” Cramer said of fossil fuels on the network's “Squawk Box.” “We're starting to see divestment all over the world. We're starting to see … big pension funds saying, 'We not going to own them anymore.”. . . .Lindsay Meiman, a spokesperson for 350.org — which has spearheaded the global movement to demand pension funds, university endowments, and other institutions divest from oil, coal, and gas companies — said Cramer is only confirming what many market observers already understand." Read more here.

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