Week 5 Fossil Fuel Divestment

Climate change scares me. Particularly when it seems no one is doing anything about it.

There is hope. Things are changing although change seems slow....When I think about it, it is not so slow. Since I've been in the US - 10 years - it seems people now, in general, believe Climate Change is real. That's an important step (yes, sarcasm). There is more change happening. Notice all the smaller cars lately!? Notice all the building trying to get LEED certified?

However it seems that most of Congress is still in deep denial. Or perhaps too busy being wined and dined by the fossil fuel industry. What's happening in Australia and Canada, namely the leadership of those countries, is a huge cause for concern...

Last year I attended a rally "do the math" tour by 350.org that followed a Rolling Stone interview of Bill Mckibben. The article laid out the problem in very clear way - we can't let the planet warm by more than 2 degrees. Not if we want to survive as a species. We don't have a lot of time left to make sure this does not happen.

One idea put forward was to get organizations to divest from fossil fuels. Including college endowment funds, city retirement funds etc. Most of this is organized through fossil free movement.

http://gofossilfree.org/

Divestment helped to end apartheid  and the hope here is increase the unpopularity of fossil fuel and hit them where they pay attention - and they only seem to pay attention to money.

For the last couple of years this movement has grown and some colleges have divested - recently Stanford has decided to divest from coal. Many cities have divested. Personally I've added my name to petitions and sent a letter to my alma mater to ask that they consider divestment and stating that I will not give to the annual fund until the college divests...My old college prides itself on its sustainability efforts - all the programs in place monitoring the college campus itself, making changes to promote sustainability, and also all the research efforts. I hope they make this next step.

I will send another letter with the directions given on the link. Basically sending a donation check that can only be cashed if the college divests. In the mail box Monday.

http://act.350.org/signup/GFF_Alumni/

My photo as per directions:

 

#donors4divestment 

 

Unfortunately it looks like I may be naked in this photo....hehe...it's a strapless dress and I'm too tired to retake the photo.

In addition, going forward, I've decided to up the ante on this. I've decided to divest my own little nest egg. Certainly with what I invest from now and also with the funds I have. Unfortunately I can only do this with my IRAs but I can at least talk to the accountants at work to think about changing or adding to the 401k options.

Interesting funds found:

Managed funds, usually I try to avoid!
Portfolio 21 (PORTX) very big on alternative energy - female fund manager, cool!
Parnassus Equity Income (PRBLX)
Modified tracker 
TIAA-CREF Social Choice Equity (TICRX)  0.6 expense ratio
iShares KLD Select Social (KLD)  0.5 expense ratio
Vanguard FTSE Social Index  0.29 expense ratio. Love Vanguard but this index has not done so well. Will keep my eye on it.

There will be more posted on this. Over the last years I have tried to make many changes to lower my own carbon footprint. I'm very happy to be a tree hugger. I would love to spend more of my time simply enjoying nature.