More than 20,000 people signed a petition calling on companies such as General Electric, Microsoft and Johnson & Johnson to provide their employees with retirement savings options that are fossil fuel free.
The petition is being delivered soon to those companies and other publicly traded firms that together account for the 100 largest retirement plans in the U.S.
“Coal, oil and gas are increasingly risky investments, particularly for people on fixed incomes,” said Vanessa Green, who directs a divestment campaign focused on individual investors looking for sustainable alternatives.
“The demand for lower-risk, fossil-free options is there,” she said, but Divest-Invest and the other organizers of the petition say employees have few to no options to choose from at the moment.By: Andrea Vittorio, Bloomberg BNA
Date: April 18, 2016