The ongoing process of investment firms divesting from fossil fuels continues to be a good idea for the planet and for profits. It’s worth noting that the big push behind this was a student-led movement to get universities to divest their giant pools of money from unethical investments.
Let’s hope that this continues for many years to come!
* When SRI investment professionals divest of fossil fuel companies, the three places they are most likely to reallocate those investments are: renewable energy companies (59 percent); Â“proportionately across the remaining portfolio (56 percent); and clean technology companies (52 percent). (Respondents were allowed to provide multiple answers to this survey question.)
* Many more survey respondents (61 percent) are concerned about Â“stranded assetÂ” risks to investors created by climate change than those who are not (15 percent). Only one in four respondents either donÂ’t know about or are unsure about this Â“carbon bubbleÂ” risk.