Your Retirement Investments Are Probably Fueling Climate Change

Reveal

The Center for Investigative Reporting and PRX

News

4.7 • 8K Ratings

🗓️ 14 September 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reveal reporter Jonathan Jones was working on a story about a massive coal plant expansion in Montana when he wondered who was bankrolling the project. It turns out a major shareholder of the energy company driving the project was The Vanguard Group, the investment firm where he happens to have his retirement savings.

This discovery put Jones on a quest to find out why Vanguard and other asset managers continue to invest in fossil fuels at a time when we need to burn less oil, gas, and coal.

This week on Reveal, we look at the unsettling truth that our retirement savings could be fueling the very climate crisis that threatens our planet. From the site of a massive natural gas pipeline cutting through Appalachia to the boardrooms of Vanguard, we explore how our investments might be working against our values—and what can be done to align them with a sustainable future.

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Transcript

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