Human-caused climate change is perhaps the most urgent challenge of our time. As one of the world’s premier financial institutions, Fidelity needs to take a leadership role in confronting the realities of this fundamental scientific and moral issue. Toward that end, we the undersigned, urge Fidelity Investments offer and actively promote fossil free fund options to its investors.
Why is this important?
Divestment, the process of selling an asset for either financial or social goals, is a powerful tool that investors can use to show companies that they cannot and will not invest in detrimental or morally objectionable practices. Divestment can be a profound step when an investor decides to make a statement by withdrawing financial support from a corporation that is abusing the environment, the community, or larger society.
