Vanguard continues to sink billions into fossil fuel companies with dangerous expansion plans that are driving the climate crisis, which could trigger the next global financial crisis. There’s no turning back: We can’t expand coal, oil, or gas if we hope to meet the goals of the Paris Climate agreement and limit global warming to 1.5°C.
The quiet giant based in Malvern, PA continues to go big on fossil fuels, with approximately $300 billion in exposure across its portfolio as of 2021, making Vanguard one of the top backers of fossil fuels worldwide. As the world shifts to clean energy, billions of dollars in fossil fuel assets — and the companies behind them – will quickly become worthless.
Extreme weather events like wildfires, floods, droughts, and hurricanes, have tripled in the last 30 years. We’re all feeling the climate chaos, but Black, Brown, Indigenous, and communities of color on the front lines are always the hardest hit. We need climate justice now, and we need Vanguard to do more.
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