For many of us the money we spend reflects our personal values. We will boycott a place of business for their anti-human rights policies. If we think a business may be mistreating animals we won’t purchase their products. Boycotts and public shaming work.
Divesting funds from a financial institution that supports bad business practices is a form of boycotting. When you remove your money from an investment vehicle like an IRA or other retirement fund, or the bank you do business with, you send a powerful message. That message is clear. Change your business practices.
Many people believe we humans are influencing climate change by warming our planet. An increasing number of us are examining where our money is invested. When money is invested by financial institutions in our name and we find our dollars working against our moral values we can change that.
This can all be a little overwhelming and intimidating to figure out so use the free resources you have available to you. Here are a few resources to use in evaluating if your money is being managed against your own best interests…
A good starting point may be: https://www.theguardian.com/environment/2015/jun/23/a-beginners-guide-to-fossil-fuel-divestment.
And check out this site to learn more about money and the fossil fuel industry.
You can visit https://fossilfreefunds.org to find out if your mutual funds are invested in the fossil fuel industry.