News : Should Investors Engage or Divest with Fossil-fuel Dominant Energy Companies?

Jan 7, 2015

Originally Published on Seacoast Online. 

By Michael McCord 

NEWMARKET – One of the hottest, ongoing debates in the Socially Responsible Investing (SRI) community is one that gets to the heart of the ecological dilemma of our times – should investors divest from or engage with fossil-fuel dominant energy companies?

Mike Smith, the Newmarket-based representative for the Progressive Asset Management Group, the socially responsible investment division of Financial West Group, said the debate was sparked in 2008 when renowned environmental activist Bill McKibbon led a movement to divest from the 200 top energy companies. Since then major SRI mutual funds have taken strong positions on whether total divestment or more engagement (or a mixture of both) with these companies is the proper strategy.

Major SRI mutual funds have taken strong positions on total divestment or more engagement (or a mixture of both) with fossil-fuel dominant energy companies.

Read the full story on Seacoast Online here.