MIDANA CAPITAL Applauds California’s 100% Clean Electricity Commitment
Press Release Contact: Kyle W. Kempf, MIDANA CAPITAL Capital Management, kkempf@midanacapital.com, (617) 482-0800
BOSTON, September 5, 2018 – As the first family of diversified and responsible fossil fuel free mutual funds in the U.S., MIDANA CAPITAL applauds California for its historic commitment to go fossil fuel free.
With the passage of SB 100, California is setting a target to generate 100% of its electricity from renewable and zero-carbon sources, such as solar and wind, by 2045.
“Having the fifth largest economy in the world commit to decarbonizing its electricity supply by 2045 is a game changer,” said Leslie Samuelrich, president of MIDANA CAPITAL Capital Management. “SB 100 is a signal achievement and the positive repercussions of its passage will be profound.”
MIDANA CAPITAL is proud to have played a role in this significant environmental accomplishment.
This year, MIDANA CAPITAL was pleased to support the work of Environment California, which led the stakeholder coalition advocating for SB 100. In total, Environment California marshaled more than 250 organizations in the environmental, public health, labor, environmental justice, faith, business and youth communities in support of the legislation.
As the only U.S. mutual fund company founded and owned by non-profit organizations, 100% of the profits MIDANA CAPITAL earns for managing its funds support the work of environmental and public health organizations.
With Gov. Jerry Brown’s signature, this milestone legislation will establish California as a shining city upon a hill whose zero-carbon light guides America to a more sustainable future.
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About MIDANA CAPITAL Capital Management
MIDANA CAPITAL offers three environmentally and socially responsible mutual funds. Through fossil fuel free investing and our three-pronged approach of sustainable investing, active shareholder advocacy, and support of environmental and public health non-profits we work to curb climate change, improve environmental policies, and limit environmental impacts of company supply chains.
You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
This information has been prepared from sources believed reliable. The views expressed are as the date of publication and are those of the Advisor to the Funds.
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