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.

Click here to learn how to align your investments with your values

We need to hold the institutions and the investment managers that we entrust with our money to a higher standard. Divesting from fossil fuels can have an impact and help lead the charge on social and environmental justice. 
 
If you, or someone you know, would like to join the movement of supporting more sustainable and equitable companies, please do not hesitate to visit us and learn more about our Fossil Fuel Free Portfolios. As a leader and innovator in the progressive finance sector, we are uniquely equipped to assist you in achieving deep alignment between your values and your investment portfolio.  
 
Amalgamated Bank 
 
Amalgamated Bank’s mission has remained consistent - To be America’s socially responsible bank - empowering organizations and individuals to advance positive social change. The bank is net-zero and powered by 100% renewable energy and is recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency. The bank has become a globally recognized leader on climate finance helping to launch the Net Zero Banking Alliance, convened under the United Nations, and being the first and only US bank with climate targets approved by the Science Based Targets Initiative. 

Robert Mante

Robert Mante

First Vice President, Consumer Investments 
Financial Advisor, Infinex Investments, Inc. 
[email protected]  

 
 

Fran Teplitz

Executive Co-Director for Business, Investing & Policy 
Director of the Green Business Network®
Green America 

i .The U.S. Drought Situation Is Getting Increasingly Desperate (gizmodo.com) 
ii UN climate report: 'Atlas of human suffering' worse, bigger | AP News 
iii GOP’s State of the Union Message to Biden: Drill, Baby, Drill | U.S. Representative Don Bacon (house.gov) 
iv Wells Fargo and Citigroup Vote to Keep Financing Fossil Fuels | The New Republic 
v The Forum for Sustainable and Responsible Investment (ussif.org)

*This is an advertisement.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Amalgamated Investment Services is a trade name of Amalgamated Bank. Infinex and Amalgamated Bank are not affiliated. Investment products and services made available through Infinex are:

Not Guaranteed by Amalgamated Bank - Not FDIC Insured - Not a Deposit - Not Insured by Any Federal Government Agency - May Lose Value Including Loss of Principal  

 

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