If you are concerned about climate change, you are probably aware of the need to reduce the world’s dependency on fossil fuels. A decision by fossil fuel companies to wind down their exploration for further sources of fossil fuels to exploit would contribute to this objective. Yet they will not do so voluntarily. They may do so if they run into investor opposition.
If you invest in a Canadian mutual fund, you will probably have a large stock holding in fossil fuel companies. Environmental organizations fighting climate change want to persuade you to sell this stock.
Your first reaction will be: “These investments have done me well so far, and I need them to be there for my retirement”.
How do you reconcile your concern about climate change with the natural desire to invest for your future? The United Church’s “Green Awakening Network” will address this difficult question at its 2014 Annual Forum on March 1st next.