When Peabody Energy—the largest coal company in the U.S.—filed for bankruptcy in April, it was the latest in a long list of coal companies to fold. Oil stock prices also keep falling. As renewable energy grows, it’s hard to argue that fossil fuel companies are a good long-term investment—but your retirement savings are probably tied up in them.
Of the 100 largest public company 401(k) plans, only one option is divested from fossil fuels, according to an analysis by Fossil Free Funds, an online tool that checks each fund’s investments.
Date: May 19, 2016