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Yesterday, a group of investors publicly warned companies not to take advantage of the Trump administration's environmental rollbacks. The investors, who represent $113 billion in assets, specifically targeted mining, energy, and timber companies, stated that there is "significant risk of public backlash and stranded assets, should these actions be legally challenged or protections be restored by the courts or by future administrations." High profile areas where protections were diminished under the Trump administration include the Arctic National Wildlife Refuge, Bears Ears National Monument, and Grand Staircase-Escalante National Monument.
This warning follows other recent announcements on climate action by major financial institutions. BlackRock Inc. intends to shift away from fossil fuels and Goldman Sachs agreed to stop funding drilling in the Arctic.
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It’s not just the outdoor industry that should care about this. Study after study indicates that time spent outdoors, particularly active time outdoors, can help us improve our mental health, physical health, academic outcomes and more. We should really be concerned as a nation that we are becoming an indoor nation.”
