If you care about curbing climate change, I’m guessing you’re on board with trying not to invest in fossil fuels. But you probably also want some reassurance that funds you’re investing in for retirement or other financial goals are going to do well and get you a good return on your investment. So (drumroll please)…how are our Earthfolio investments doing so far?
If you’re working hard to lower your personal carbon footprint and reduce your dependence on fossil fuels, you definitely don’t want to be lending money to coal, oil, and gas companies so that they can expand their fracking, drilling, and mining. But that’s exactly what most of us are doing. Just since the Paris Climate Accord, the world’s largest banks have funded more than $700 billion in fossil fuel projects, with JP Morgan Chase the biggest offender.