Fossil Fuel Divestment
Fossil Fuel Divestment
Within ESG investing, there are some specific areas of concern that are important to some investors. One of these is the manufacture or extraction of fossil fuels. There are many reasons that socially responsible investors may choose to exclude fossil fuels, including the contribution of greenhouse gases to climate change, as well as environmental impacts related to extraction, the potential environmental impacts of oil spills, as well as the labor and governance policies of some companies. For this reason, ALL of the core socially responsible portfolios at Green Future Wealth Management are divested from fossil fuel companies, even if they meet the other ESG screening criteria.
Recommended Reading
Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divsetment (whitepaper)