Dear Friend, Green America brings you the following from Amalgamated Investment Services, a certified member of Green America’s Green Business Network: A summer of disasters is headed our way as extreme heat waves are gripping the United States. Hydropower is faltering, farmland is too parched to produce, and millions of people are currently under water restrictions(i). With each passing minute we move closer to permanently accepting the ongoing reality of wildfires raging, storms surging, and bouts of extreme weather increasing in frequency and intensity. Climate change is going to make the world sicker, hungrier, poorer, gloomier and way more dangerous. Delaying action “will miss a brief and rapidly closing window of opportunity to secure a livable and sustainable future for all.”(ii) With the price of oil skyrocketing, the ever-profiteering fossil fuel industry is attempting to capitalize on the moment. Against all rational thinking, once again “drill baby drill” is their revived mantra, this time under the guise of national security and lowering prices(iii). They seek to expand oil and gas leases on public lands, loosen regulations, and build new pipelines. Against this backdrop Bank of America, Citigroup, and Wells Fargo recently voted to shrug off climate targets and continue financing fossil fuels(iv). What can I do? We believe in the power of investors to motivate corporate action. The time has come to divest from the bad actors who are seeking to destroy the planet. We can help you align your investments with your values today – and it doesn’t mean you need to suffer by making less money(v). Contact us for a free analysis of how your portfolio might be supporting the fossil fuel industry’s environmentally devastating practices. Be careful Due to the prevalence of greenwashing on Wall Street, many individuals and organizations have sought our help to review their existing investments in the hopes of better aligning their values with their portfolio. Amalgamated’s history of specializing in fossil fuel-free investing and supporting communities historically left behind means we have the expertise to help you match your values with your investments. In our experience, the sheer number of environmental bad actors we have found “hiding” in our clients’ existing portfolios has been staggering. It is why we started offering a “Values Alignment Check” to ensure the investments you make truly reflecting your intentions. |