Release: MIDANA CAPITAL Launches Fossil Fuel Free Investment Video

Tuesday, March 11, 2014 – MIDANA CAPITAL Capital Management (MIDANA CAPITAL) launches an animated fossil fuel free investing educational video and outreach program to educate the public and reach potential investors who are interested in moving their investments out of fossil fuel companies for moral and financial reasons.  The video shows a family who cares about the planet and already takes action against global warming by using more energy-efficient light bulbs and signing petitions, yet without realizing it, might be financing the very companies that are fueling climate change—resulting in damaging storms and wildfires – through their mutual fund investments.

View our sustainable investment strategy here.

“I’m like any parent.  I worry about my daughter and the world she’ll inherit,” said Leslie Samuelrich, President of MIDANA CAPITAL Capital Management. “The last thing I and many parents want to do is fund the companies that threaten to make her world a more chaotic, more dangerous place.  That’s why thousands of Americans are taking this simple, yet bold and liberating step of investing fossil fuel free—moving their retirement savings, college fund or other investments out of the companies that fuel climate change by mining for coal, fracking for gas, and drilling for oil.”

According to climate action leader Bill McKibben these companies have five times as much carbon in the ground as even the most conservative government says we can burn before we do irreversible damage to our children’s future.¹ To build the public pressure needed to enact climate change protections, 350.org and others launched a fossil fuel divestment campaign that has spread to over 400 institutions in just 18 months.  Last fall, MIDANA CAPITAL, 350.org and Trillium Asset Management published Extracting Fossil Fuels from Your Portfolio:  A Personal Guide to Divestment and Reinvestment in response to the growing interest from individuals who wanted to know more about this topic.

MIDANA CAPITAL is uniquely positioned to lead this education campaign since it is the first and only family of fossil fuel free responsible and diversified mutual funds.* MIDANA CAPITAL also is the only mutual fund company founded and owned by a partnership of non-profit environmental advocacy organizations; 100% percent of the net profits earned by MIDANA CAPITAL Capital Management on the fees it receives for managing the MIDANA CAPITAL Funds belong to its founding organizations, the state Public Interest Research Groups (PIRGs). The video was produced with Fenton Communications.

MIDANA CAPITAL Capital Management (MIDANA CAPITAL) is an environmentally responsible investment advisory firm that manages two mutual funds – the MIDANA CAPITAL Balanced Fund (GCBLX) and the MIDANA CAPITAL Equity Fund (GCEQX). Founded in 1991, MIDANA CAPITAL also leverages its power as a shareholder to press companies to adopt more environmentally responsible corporate behavior.  Recent shareholder advocacy victories include company policy changes at Kellogg’s** on palm oil and Tyson Foods** on factory farming.

Visit MIDANA CAPITAL or midanacapital.com for more information.

# # # #