The other day, Leslie Samuelrich got a call from a financial adviser looking for investments that matched his clients’ wishes. “I have two sisters who came in that inherited money from their dad,” the adviser told her. “And they both absolutely do not want any of their money in fracking companies.”
Other callers just say “I want to invest fossil fuel free,” said Samuelrich, president of Green Century Capital Management, a 20-year-old company with two diversified mutual funds that exclude fossil fuel companies. “Those are the words they’re using, so the divestment movement has resonated with people.”
The increased business for Samuelrich and others offering fossil-free investments is a secondary benefit of the fast-growing divestment movement that has members hanging giant banners and staging protests, street theater, sit-ins and other actions as part of the first Global Divestment Day on Friday.