The four largest banks in the country, JP Morgan Chase, Citibank, Wells Fargo, and Bank of America, provided 1.5 trillion dollars to help fossil fuel companies expand their operations. Research has shown that if you have 125 thousand dollars or more sitting in a retirement account controlled by one of these banks and you move your money to a green energy fund, you will have surpassed the carbon savings of being vegan, or by only walking and riding your bike. Download the report here.
It's true. Moving your money can be a bit of a hassle. Ultimately, you have to decide the best choices. However, here are some resources we think might help you get started.
Retirement savings: High performing clean energy funds.
Daily Banking and more: Certified Sustainable Banks
Banks that you may want to reconsider: Banks that are deeply involved in expanding fossil energy projects.
VBCAT is a non-profit organization set up to advance our community toward a heathier climate future. The organization is run by volunteers and funded by small donations from big-hearted individuals. VBCAT is not an investment adviser, and makes no representation regarding the advisability of investing in any particular company or investment fund or other vehicle. A decision to invest in any such investment fund or other entity should not be made in reliance on any of the statements set forth in this publication.