To ensure the fund had a low - carbon footprint, NUBD excludes issuers in sectors having high levels of fossil -
fuel reserve ownership — which includes metals miners and oil and gas producers.
As the fossil
fuel divestment movement grows increasingly mainstream — even BlackRock recently partnered with the Natural Resources Defense Council to launch an «equity global index series that will exclude companies linked to exploration,
ownership or extraction of carbon - based fossil
fuel reserves» — the smart long - term investment money would seem to be on divestment.