Cramer sees oil stocks in the ‘death knell phase,’ says they are the new tobacco

Cramer sees oil stocks in the ‘death knell phase,’ says they are the new tobacco

CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down.

On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think they’re tobacco.”

“I’m done with fossil fuels ……

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