There is a small but growing movement worldwide divest investment portfolios from fossil fuels. The rationale is twofold. First comes the desire to reduce participation in climate destructive industries and stimulate the growth of alternative energy sectors. Second comes the due diligence of recognizing an industrial market sector that will sooner or later enter a downward trajectory leading to failed ventures and stranded assets. Does anyone have any real information on how a low budget mustachian might approach something like this? Most of my investments are Vanguard index funds purchased through my company's 401K. There are no low carbon options available through the company I work for. The only option I have come up with is to start a Roth IRA and dedicate it as my low carbon asset allocation. Even in this limited capacity, the only funds I have found so far seem to have really high expense ratios. Do any of you more savvy investors out there have any other suggestions on how I might approach this, or any specific recommendations regarding low carbon index funds with low expense ratios?
