GMO, a Boston based investment firm with $115 billion in assets studied the impact of divesting from energy stocks over the 28 years ending 9/30/17. As this illustration shows, the S&P 500 without energy earned an annualized 9.74%. With energy, it earned 9.71%. Hardly a difference.
Given the growing warning signs of climate change, supported by overwhelming scientific evidence globally, why not pause investing in the broad energy sector until the benefits of renewable solutions outweigh the risk of burning fossil fuels?
Our message to the renewable participants in the energy sector – continue developing productive, cheaper, sustainable alternatives to fossil fuels. Our message to the oil companies – lead, join the renewable initiatives. Your advertising indicates that you have committed to clean renewables. Now, let’s do it.