IEEFA update: Fiduciary duty and fossil fuel divestment

In October of 2019, IEEFA (Institute for Energy Economics and Financial Analysis published an article on the role of fiduciaries and how the obligation of impartiality requires fiduciaries to divest from fossil fuels.  While investment officers cite fiduciary duty as the justification for inaction on fossil fuel divestment, in fact fiduciaries are required to put the interests of all beneficiaries above their own and protect assets equally. 

Thanks to IEEFA financial analyst Kathy Hipple for this piece and the reminder of long-term issues with fossil fuel investments, including the risk of class-action lawsuits. 

 *click here for the full article from IEEFA.