The writing is on the wall for fossil fuel companies. A new report shows that investors divested $2.6 trillion in assets in recent years. That’s “436 institutions and 2,040 individuals across 43 countries,” according to the report. Who’s jumping ship?
The California Public Employees’ Retirement System and the University of California, among others. Oh, and Leonardo DiCaprio, who was quoted in EcoWatch as saying, “After looking into the growing movement to divest from fossil fuels and invest in climate solutions, I was convinced to make the pledge on behalf of myself and the Leonardo DiCaprio Foundation. Now is the time to divest and invest to let our world leaders know that we, as individuals and institutions, are taking action to address climate change, and we expect them to do their part this December in Paris at the U.N. climate talks.”
Kind of makes you wonder what an environmentalist leader was doing investing in fossil fuels in the first place though, right?
If you’re thinking about a different way to invest, check out Slow Money, a national organization whose mission it is “to catalyze the flow of capital to local food systems, connecting investors to the places where they live and promoting new principles of fiduciary responsibility that ‘bring money back down to earth.'” To date, Slow Money has driven more than $41 million into 402 small food companies in the United States.