October 24, 2013
October 24, 2013 — Green Century Capital Management (Green Century), 350.org, and Trillium Asset Management, LLC (Trillium) announce today the publication of a new paper, Extracting Fossil Fuels from Your Portfolio: A Guide to Personal Divestment and Reinvestment.
You can download a copy of the guide by clicking here, or at 350.org, greencentury.com, or trilliuminvest.com.
The frequency and severity of extreme weather systems continue to impact the lives of people around the globe and increasingly in our own communities. Many investors are becoming acutely aware of the presence of fossil fuel companies in their own portfolios and want to transition their investments away from the industry that is principally responsible for causing a changing climate.
“If it’s wrong to wreck the climate, then it’s wrong to profit from that wreckage,” said Bill McKibben, co-founder of 350.org. “Investors have an important and special role to play in the climate change movement. I hope this guide will help you find yours.”
This guide which aims to help individuals better understand fossil fuel divestment, provides clear steps to move your money out of coal, oil, and gas companies, and gives tips on how to proactively invest in sustainable companies and investment vehicles.
“Once divested, funds can then be reinvested in companies that are identifying new market opportunities related to clean energy and the move to a more sustainable economy. These companies will be the beneficiaries as the incentives change to support a low-carbon future,” concluded Matthew W. Patsky, CEO of Trillium Asset Management.
“From New York to Los Angeles, increasing numbers of people have talked to us about divesting for moral, political and financial reasons,” noted Leslie Samuelrich, President, Green Century Capital Management. “Over the last 12 months, net assets in our fossil fuel free Balanced Funds have increased nearly 50%, a fact that may signal that investors are eager for new approaches to curbing climate change.”¹
We hope this guide and the resources in the appendix are used by investors to educate themselves, their family and friends, or their financial planner to go fossil fuel free.
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¹ 46% as of 9/30/2013
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