Investing in our future without destroying it.
Join other WGA Writers calling to divest the PWGA pension plan from fossil fuels.
WGA DIVEST
Join other WGA Writers calling to divest the PWGA pension plan from fossil fuels.
Saving for the future.
Not at its expense.
The moral and financial case for divestment.
In a post-Citizens United, we must ensure our investments align with our values.
Divesting from fossil fuels means disentangling our interests from their continued extraction.
According to Yale Climate Connections, retirement savings plans are currently providing $46.5 billion to Big Oil, making up as much as 25% of the market value of oil majors. At scale, the value of these companies will go down, their cost of capital will rise, investment will be stigmatized, their political power will be reduced, and something better will replace them sooner.
Political, legal, and environmental forces make divestment a prudent investment decision. At some point, environmental, legal, and political realities are likely to leave oil and gas assets stranded. Under a net zero transition, half the world’s fossil fuel assets would be worthless by 2036.
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