Attack Ad Calls Climate Activist an Oil Investor Because of His 401(k)
William Lawrence, the 36-year-old Sunrise Movement co-founder running a progressive congressional campaign in Michigan, has positioned himself as an enemy of big corporations. But a new attack ad aired this week suggests the opposite: Lawrence, the Crush MAGA PAC advertisement claims, has “invested thousands in Wall Street, big oil, and data centers.”
Lawrence’s public financial disclosures show the truth is much more modest: he has approximately $11,000 invested in a T. Rowe Price 401(k). Like nearly every 401(k), the T. Rowe Price 2055 Retirement Fund has exposure to fossil fuels. And finding out exactly how much of one’s retirement account is invested in fossil fuels is famously difficult.
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