Contact: Leslie Samuelrich, Green Century Capital Management, [email protected], 617-482-0800
BOSTON, January 16, 2018–Congratulations to New York City on its fossil fuel divestment pledge. This week, Mayor Bill de Blasio announced plans to divest billions of dollars from major fossil fuel companies and sue Shell,* Exxon,* BP,* Chevron* and Conoco Phillips* for the cost of protecting New Yorkers from climate change. NYC is the first big city in America to sue and divest from Big Oil. The goal is to complete the divestment process within 5 years.
“The city that never sleeps just sent a wake-up call to the fossil fuel industry,” said Leslie Samuelrich, President of Green Century Capital Management, the first fossil fuel free, diversified and responsible fossil fuel free mutual fund company. “We applaud the mayor, Comptroller Stringer and the activists with 350 New York who are putting the responsibility for the climate change crisis on the industry that is responsible for creating it.”
Green Century has been a steadfast supporter of the fossil fuel free investing movement, working with individuals and institutions to help people save for the future without supporting coal, oil and gas companies.
Not sure where to start for yourself, your clients, or your organization or business? Green Century Capital Management has resources on our Fossil Fuel Free page, including Make a Clean Break: An UPDATED guide to Personal Divestment and Reinvestment.
About Green Century Capital Management:
Green Century Capital Management is the investment advisor to the Green Century Funds and offers three environmentally and socially responsible funds, the Green Century MSCI International Index Fund, the Green Century Equity Fund, and the Green Century Balanced Fund. Green Century works to curb climate change through fossil fuel-free investing, reinvestment in sustainable companies, and advocating with companies to improve their environmental policies and supply chains.
*As of December 31, 2018, no companies mentioned were held in any of the portfolios of the Green Century Funds. Other securities mentioned were not held in the portfolios of any of the Green Century Funds as of the same date. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.
You should carefully consider the Funds’ investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email [email protected], or call 1-800-934-7336. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region, or market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to risks including interest rate, credit, and inflation. The Funds’ environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria.
This information has been prepared from sources believed reliable. The views expressed are as of the date of publication and are those of the Advisor to the Funds.
The Green Century Funds are distributed by UMB Distribution Services, LLC. 1/18