Oil is a finite resource. The majority
of U.S. oil is currently imported from foreign sources. Many of
these sources are in unfriendly, politically unstable regions.
Foreign oil dependence may be seen as a basis for military challenges to
irrational events. Oil is a significant contributor to pollution.
Coal is the dirtiest fossil fuel. It provides half of US electricity.
There may be future technologies
for the transformation of coal to a clean source of energy, in
which we may consider investing.
Atomic Energy is not included as an area for alternative energy investment.
There is a significant potential for accident or attack, unresolved
radioactive waste disposal problems, excessive cost and frequent
community opposition. There is increasing distress with the cost
of dismantling atomic energy facilities as they mature or depreciate.
Dismantling is expected to be more expensive than original production
because much of the hardware has become tainted.
(We do, however, invest in natural gas because it is the cleanest
of the conventional fuels and is often used to displace dirtier options.)
Socially Irresponsible Business Practices
We do not invest in companies with:
treatment of people in developing countries
discrimination of any sort, including that based on religion, race, ethnicity, gender, sexuality or disability
We remain alert to changing social concerns.