Retirement investing for a warming planet: The impact of climate change
theglobeandmail.com Published Feb. 26, 2016
by Joel Schlesinger
Millennials are particularly sensitive to the issue, often asking: “My parents screwed it up, so am I going to add to that with my investments?” he says.
Younger Canadians are also more apt to invest sustainably. A 2015 report by Morgan Stanley found millennials are twice as likely than older generations to invest in companies or funds with an environmental focus. (The study also found women are more likely than men to do so.)
Yet for those seeking fossil-fuel-free investments, the options are few and far between. Responsible investment (RI) options are growing in Canada faster than their non-RI counterparts, and yet many still hold “best of class” oil and gas firms, Mr. Whipp adds.