Social(K) BLOG
October 31, 2023

Dear Fossil Fuels

We're forced to invest our life savings in you risking our money and our planet. So we're assembling for a historic virtual march to get Wall Street to give every American a 401(k) option that doesn't invest in Fossil Fuels. Your company chooses your 401(k) investment options. For 99% of Americans, all options include investments in fossil fuel companies. The majority of Americans with life savings have a significant amount of it in 401(k)s. Fossil Fuel investments have the lowest returns and highest risk (called volatility) than any other sector of the US economy. 99% of Americans with 401(k)s have no option but to invest in oil and gas companies.

A quarter of all money invested in fossil fuels comes from our 401(k)s.

99% of people have no option to avoid fossil fuel investments

Just 3% of plans offer an ESG fund as an investment option for employees, according to the Plan Sponsor Council of America, a group that represents companies offering workplace retirement plans.

A fraction of all 401(k) assets — about a tenth of 1% — are held in such socially responsible funds, the group said. (Source)

Get fossil fuels out of your 401(k) by Getting an electric car
Installing solar
Going vegan
Never flying again
Only buying recyclable
Composting your waste
Installing a heat pump
Buying organic
Buying local
Up-cycling waste
Unplugging devices

Oil + Gas are BAD for your wallet

Fossil Fuels have bad long-term returns

In the 2010s, Select Sector indexes that had strong performance and rose more than 340% included the Consumer Discretionary sector (its largest holdings include, Home Depot, McDonald’s and Nike), Technology (its largest holdings include Apple, Microsoft and Visa), and the new Communications Services sector (its largest holdings include Facebook, Alphabet, Netflix and Comcast). In contrast, the Energy sector (with Exxon Mobil and Chevron) was up only 40% in the 2010s, as the spot price of a barrel of crude oil (WTI) fell 23% (from $79 to $61) during the 2010s. (Source)

Fossil fuels are risky
Here's the plan
This virtual march makes headlines.
Wall Street takes notice.
We coordinate our efforts into small doable monthly actions.
We inspire companies to add climate-safe options.
Billions of dollars are removed from oil + gas investments.

The Virtual March for Fossil Freedom is the first march where you don't have to be present to participate—anyone from anywhere can participate.

To join the virtual march, follow this link

To learn more about ESG follow these articles:

You Can Invest With Your Values

Retirement plans for long-term growth with the benefit of creating a safe, just, and sustainable world.

Social(k) offers hundreds of investments using Environmental, Social, and Governance, (i.e. ESG screened investments) backed by a plethora of Financial research. Structured into traditional Mutual Funds, Social(k) helps you sleep at night knowing that you’re pursuing the brightest possible future for your retirement and our planet.

Learn more about our Big Green Retirement Plan

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