San Jose Mercury News: Individual Investors Begin to Divest from Fossil Fuel
The San Jose Mercury News recently ran an article about the growing fossil fuel divestment movement.
Dana Hull writes:
“It’s impossible to track with accuracy how many individual investors have joined the effort, or how much money has been moved out of fossil fuel companies due to privacy issues regarding individual portfolios. But financial advisers say they are hearing from more clients who are at least taking a deeper look at their investments.
‘It’s coming up a lot in conversation,’ said Will Lana, a senior vice president at Trillium Asset Management, a Boston-based firm that is the oldest independent investment adviser devoted exclusively to sustainable and responsible investing. Trillum manages $1.4 billion and does not invest in coal, oil or gas companies or utilities that generate most of their electricity from fossil fuels.”
You can read the entire article here.