Skip to main content
Investing Intermediate

Environmental Justice and Racial Justice are Intertwined🤞🏾

Audience: For Employees

Business practices that harm the environment can end up harming everyone. For example, burning fossil fuels speeds up climate change. And climate change increases extreme weather events. Extreme weather events, like California wildfires, can destroy mansions as well as shacks.

But, often, the business practices that worsen climate change harm working and poor people of color more than wealthy people. For example, Chevron has a refinery in Richmond, California. The median income for a household in Richmond is lower than the median household for California as a whole. More than 15% of Richmond residents live in poverty, and more than 80% are non-white. Chevron’s oil and gas refinery in Richmond causes 63% of the PM2.5 (the most harmful kind of pollution) in the city. Meanwhile, kids in Richmond are twice as likely to have asthma as other kids in the United States. Plus, when extreme weather events happen, partly as a result of Chevron’s fossil fuel business, working and poor people of color have less money to rebuild their lives, compared to wealthy people.

We everyday people can demand that companies and our government do more to protect our communities. For example, California residents have long pressured their elected representatives to hold Big Oil and Gas accountable. And crude oil refineries have said that increased regulation forced them to change. From 2008 to April 2025, six plants in CA closed. Two of those switched to making renewable diesel energy. Further, in October 2024, Phillips66 said it would close a Los Angeles plant within one year. And, in April 2025, Valero said it would close or restructure a Bay Area refinery by spring 2026.

For monthly tips on how to help build a more just economy, sign up for Just Futures’ newsletter.

If you don’t have a retirement investing account, or if your employer contracts with a different retirement plan provider, we’d love to show you Just Futures’ services! Contact us: info@justfutures.com.

~Lisa, Manager of Coalitions and Worker Power

This material is for general information and educational purposes only. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. Nothing contained herein is to be considered a solicitation, research material, an investment recommendation or advice of any kind.

The information contained herein may contain information that is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor. Just Futures explicitly disclaims any responsibility for product suitability or suitability determinations related to individual investors.

Investing involves the risk of loss that clients should be prepared to bear. No investment process is free of risk; no strategy or risk management technique can guarantee returns or eliminate risk in any market environment. There is no guarantee that your investment will be profitable. Past performance is not a guide to future performance. The value of investments, as well any investment income, is not guaranteed and can fluctuate based on market conditions.

Just Futures shares third-party links and references solely to share sources and social, cultural and educational information. Any reference in this post to any person or organization, or activities, products, or services related to such person or organization, or any linkages from this post to the web site of another party, do not constitute or imply the endorsement, recommendation, or favoring of Just Futures, or any of its employees or contractors acting on their behalf. Just Futures does not guarantee the accuracy or safety of any linked site.

Published August 18, 2025