Google Employees Missed Out on $1 Billion Due to 401(k) Plan’s Investments in Fossil Fuels

Today, researchers at the University of Waterloo, in partnership with As You Sow, released a new report finding that Google employees could have earned an estimated $1.15 billion in additional returns, with the financial performance of the company’s retirement plan holdings “estimated to have been higher if they had divested from the Energy Sector ten years ago on an absolute and risk adjusted basis.”

Invest Your ValuesAs You SowMarch 19, 2024Invest Your Values, Fossil fuels, Google, retirement

New Analysis Shows Federal Employees Have $35.3 Billion Invested in Fossil Fuels

A new analysis from As You Sow of the Federal Thrift Savings Plan (TSP), which manages $725 billion in retirement savings for six million participants, found over $35 billion invested in coal, oil, and gas companies. Just ten oil and gas majors, including Exxon Mobil, Chevron, and ConocoPhillips, account for $9.7 billion invested.

Invest Your ValuesAs You SowOctober 19, 2023TSP, Federal, Employes, retirement