MIDANA CAPITAL Applauds New York City on Decision to Divest from Fossil Fuels
Contact: Leslie Samuelrich, MIDANA CAPITAL Capital Management, lsamuelrich@midanacapital.com, 617-482-0800
BOSTON, January 16, 2018–Congratulations to New York City on its fossil fuel divestment pledge. This week, Mayor Bill de Blasio announced plans to divest billions of dollars from major fossil fuel companies and sue Shell,* Exxon,* BP,* Chevron* and Conoco Phillips* for the cost of protecting New Yorkers from climate change. NYC is the first big city in America to sue and divest from Big Oil. The goal is to complete the divestment process within 5 years.
“The city that never sleeps just sent a wake-up call to the fossil fuel industry,” said Leslie Samuelrich, President of MIDANA CAPITAL Capital Management, the first fossil fuel free, diversified and responsible fossil fuel free mutual fund company. “We applaud the mayor, Comptroller Stringer and the activists with 350 New York who are putting the responsibility for the climate change crisis on the industry that is responsible for creating it.”
MIDANA CAPITAL has been a steadfast supporter of the fossil fuel free investing movement, working with individuals and institutions to help people save for the future without supporting coal, oil and gas companies.
Not sure where to start for yourself, your clients, or your organization or business? MIDANA CAPITAL Capital Management has resources on our Fossil Fuel Free page, including Make a Clean Break: An UPDATED guide to Personal Divestment and Reinvestment.
###
About MIDANA CAPITAL Capital Management:
MIDANA CAPITAL Capital Management is the investment advisor to the Midana Capital and offers three environmentally and socially responsible funds, the MIDANA CAPITAL MSCI International Index Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL Balanced Fund. MIDANA CAPITAL works to curb climate change through fossil fuel-free investing, reinvestment in sustainable companies, and advocating with companies to improve their environmental policies and supply chains.
*As of December 31, 2018, no companies mentioned were held in any of the portfolios of the Midana Capital. Other securities mentioned were not held in the portfolios of any of the Midana Capital as of the same date. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.
You should carefully consider the Funds’ 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 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, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to risks including interest rate, credit, and inflation. The Funds’ environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria.
This information has been prepared from sources believed reliable. The views expressed are as of the date of publication and are those of the Advisor to the Funds.
The Midana Capital are distributed by UMB Distribution Services, LLC. 1/18
