Holy Moly – have you seen the news today? Let me Re-cap:
- Let’s start with the bad news: Reports say Donald Trump has decided to pull the US out of the Paris Climate Agreement.1 This is short-sighted and contrary to the advice of the Fortune 100, including ExxonMobil and other fossil fuel companies (not to mention his own Secretaries of Energy and State).
- Earlier today the Comptroller of New York City and Mayor Bill DeBlasio announced that New York City is beginning to hold Wells Fargo accountable.2 Their statement does not cover all city accounts, and is based on the bank’s credit rating not their funding of fossil fuel infrastructure or other injustices. But, as it comes amidst a month of intense public pressure to #DeFundPipelines and #DivestNY, we are moving the leaders of our largest city to their next steps.
- 63% of Exxon shareholders demand transparency on climate action in a shareholders meeting win for #climate.3 The landmark investor vote overruled Exxon’s management. It requires disclosure of climate impacts, but not action. So there’s little chance Exxon will be off the Carbon Underground 200TM list anytime soon. But the same shareholder resolution garnered less than 40% support last year, indicating a huge surge in investor interest in climate neutral strategies.
That’s a lot to process. It draws a clear line from the Trump Administration’s inaction to what we can all do as individual investors to #ActOnClimate. If you’re ready to learn ways to take action – how to shift your investments from the worst fossil fuel companies to the clean energy future, which is coming whether Trump likes it or not – then we’ve got a webinar for you:
RSVP to join Vanessa and a panel of leading fossil free investment experts offering practical ideas and tools. In the wake of today’s climate and investor news, it’s a smart place to tune in tomorrow at 1pm Eastern / 10am Pacific.
Hope you can join,
Drew and the team at DivestInvest Individual
PS – Vanessa’s original email from last week is below in case you want more info or want to invite a friend!
1 – http://www.politico.com/story/2017/05/31/trump-paris-climate-change-agreement-238974
2 – https://www.bloomberg.com/news/articles/2017-05-31/nyc-mayor-seeks-to-block-wells-fargo-from-leading-bond-sales
3 – https://insideclimatenews.org/news/31052017/exxon-shareholder-climate-change-disclosure-resolution-approved
As the new administration moves to roll back key climate policies, we must send clear signals that climate change is the defining investment issue of our time. Increasingly, investors are choosing to eliminate fossil fuel investments from their portfolios and reinvest in companies leading the transition to a more sustainable future. Divestment is a simple step all individuals, families, and institutions can take immediately to demonstrate a commitment to solving one of the most important issues facing the planet.
Join me, Trillium Asset Management, Green Century Capital Management, and 350.org for a webinar on their updated and printable how-to guide Make a Clean Break: Your Guide to Fossil Fuel Free Investing. Learn how to take steps to eliminate fossil fuels from investment portfolios and adopt a clear reinvestment strategy that supports sustainable economic growth without sacrificing returns.
Make a Clean Break:
Your Guide to Fossil Fuel Free Investing
Thursday, June 1st, 1:00pm-2:00pm ET
Speakers (pictured Left to right):
Matthew Patsky, CFA, CEO, Trillium Asset Management
Leslie Samuelrich, President, Green Century Capital Management
Brett Fleishman, Senior Global Analyst, 350.org
Vanessa Green, Campaign Director, DivestInvest Individual (moderator)
This will be a moderated speaker discussion followed by a brief Q&A.