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===Moving from Fossil Fuels===


'''Divestment movement articles:'''
<big><big><big>'''Divest Now'''</big></big></big>


http://www.theguardian.com/environment/2014/oct/08/fossil-fuel-divestment-a-brief-history
'''Divestment movement updates:'''


http://www.huffingtonpost.com/news/fossil-fuel-divestment/


http://www.iop.harvard.edu/does-divestment-work
'''''"The Vatican's call for divestment is a breath of hope in times when faith is more needed than ever," said [https://www.greenpolicy360.net/w/Bill_McKibben,_planet_citizen 350.org co-founder Bill McKibben]. "It is a powerful statement that attempting to profit off the destruction of the planet is plainly and simply immoral and unethical."'''''


: http://justandstable.org/ Students for a Just and Stable Future




○ ○ ○ ○
Sustainable Business


June 18, 2020


http://gofossilfree.org/commitments/


<big><big>[[Divestment from fossil fuels]]</big></big>
<big><big>Vatican urges Catholics to drop investments in fossil fuels</big></big>
''VATICAN CITY (Reuters) - The Vatican urged Catholics on Thursday (June 18, 2020) to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment.''
''The calls are contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of Pope Francis’ landmark encyclical [https://www.greenpolicy360.net/w/Laudato_Si “Laudato Si”] on the need to protect nature, life and defenseless people.''
''The compendium suggests 'practical steps to achieve the goals of the 2015 encyclical', which strongly supported agreements to contain global warming and warned against the dangers of climate change.''
[[File:Followers of St Francis of Assisi.jpg]]
<big>'''''Vatican document on Integral Ecology: Safeguarding Creation is everyone’s responsibility'''''</big>
''The document, “Journeying for the care of the common home”, offers a guide to all Christians on how to maintain a healthy relationship with Creation. The document coincides with the fifth anniversary of Pope Francis’ encyclical [http://www.vatican.va/content/francesco/en/encyclicals/documents/papa-francesco_20150524_enciclica-laudato-si.html Laudato sí], which was signed on 24 May 2015 and published on 18 June of 2015.''
'''''Importance of the Climate Question'''''
''Climate change has “a profound environmental, ethical, economic, political, and social ‘relevance’” which “impacts the poor above all.” Therefore, we first need “a new model of development” that links the fight against climate change to the fight against poverty, “in tune with the Social Doctrine of the Church”.''
''Recalling that "no one acts alone," the document calls for a commitment to "low carbon" sustainable development to reduce greenhouse gas emissions. Proposals made in this area include the reforestation of areas such as the Amazon rainforest, along with support for the international process aimed at defining the category of "climate refugee" to ensure them "necessary legal and humanitarian protections."''
~
May 2020
''On May 18 the Vatican of the Catholic Church announced the largest joint divestment by faith communities to date... 42 organizations from 14 countries and 5 religions pledged to divest from fossil fuel companies or avoid such investments in the future.''
<big><big>[[Integral Ecology]]</big></big>
''The Vatican's bank has said it does not invest in fossil fuels and many Catholic dioceses and educational institutions around the world have taken similar positions.''
''The document urges Catholics to defend the rights of local populations to have a say in whether their lands can be used for oil or mineral extraction and the right to take strong stands against companies that cause environmental disasters or over-exploit natural resources such as forests.''
* https://www.americamagazine.org/politics-society/2020/05/20/during-laudato-si-week-24-catholic-entities-divest-fossil-fuels
* https://www.vaticannews.va/en/church/news/2020-05/fossil-fuels-divestment-laudato-si-week-operation-noah.html
* https://www.globalcitizen.org/en/content/catholic-church-divestment-fossil-fuels/
* https://www.ncronline.org/news/earthbeat/42-faith-groups-14-countries-announce-divestment-fossil-fuels
* https://catholicclimatemovement.global/divest-and-reinvest/
~
<big><big>'''The Fossil Fuels Divestment Movement'''</big></big>
:* http://www.theguardian.com/environment/2014/oct/08/fossil-fuel-divestment-a-brief-history
:* http://www.huffingtonpost.com/news/fossil-fuel-divestment/
:* http://350.org/category/topic/divestment/
:* http://www.iop.harvard.edu/does-divestment-work
[http://justandstable.org/ '''Students for a Just and Stable Future''']
○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○
<big>'''Rockefellers divest'''</big>
:* http://www.nytimes.com/2014/09/22/us/heirs-to-an-oil-fortune-join-the-divestment-drive.html
○ ○ ○ ○ ○ ○
&nbsp;
== GoFossilFree ==
* http://gofossilfree.org/commitments/
* http://gofossilfree.org/#blog


Fossil Free has listed a growing number of institutions committing to divest from fossil fuels.  
Fossil Free has listed a growing number of institutions committing to divest from fossil fuels.  


The [http://gofossilfree.org/commitments/ commitments page] list a growing number of commitments from colleges and universities, cities, counties, religious institutions, and other institutions.  
The [http://gofossilfree.org/commitments/ commitments page] lists a growing number of commitments from colleges and universities, cities, counties, religious institutions, and other institutions.  
 
Visit their site and click on each name for more information -- and model language -- about the type of commitments they’re making.
 
 
○ ○ ○ ○ ○ ○
 
&nbsp;
 
== Divestment News ==
 
'''Highlights'''
 
''Consider that the roughly 1,700 oil-and-gas and coal companies listed on stock exchanges are worth nearly $5 trillion, according to the research company Bloomberg New Energy Finance.''
 
 


Visit their site and click on each name for more information -- and model language -- about the type of commitment they’re making.


'''2015'''


''Harvard, Ye Hypocrites''
: ''On the global issue that matters most, Harvard University is losing credibility—not to mention money.''
: ''-- By Bill McKibben''
* http://www.theguardian.com/environment/fossil-fuel-divestment
* http://www.thenation.com/article/time-big-green-go-fossil-free/
'''2014'''
[http://www.exxonmobilperspectives.com/2014/10/10/some-thoughts-on-divestment/ "Thoughts" on divestment from the vice president of public and government affairs for Exxon Mobil Corporation]
"It is, simply, a movement that is out of step with reality... "Divestment represents a diversion from the real search for technological solutions to managing climate risks that energy companies like ours are pursuing."
* http://www.forbes.com/sites/jeffmcmahon/2014/10/26/the-financial-case-for-fossil-fuel-divesting/
There’s a financial case for divesting from funds with holdings in the fossil fuel industry, according to an advisor and author on socially responsible investing, but most activists don’t make the financial case.
“They’re making a moral case, they’re making an environmental case,” Tom Nowak of Quantum Financial said at an appearance at Green Fest in Chicago Friday. “What do people respond to when it comes to money? Give me the financial case.”
The financial case, according to Nowak, derives from the increasing likelihood of a price on carbon...


26 August 2014


[http://about.bnef.com/press-releases/fossil-fuel-divestment-5-trillion-challenge-2/ Divestment from fossil fuels]
[http://about.bnef.com/press-releases/fossil-fuel-divestment-5-trillion-challenge-2/ Divestment from fossil fuels]
'''Hong Kong and London''' – Oil, gas and coal companies make up one of the world’s largest liquid asset classes, with a combined stock market valuation of nearly $5trn. In the past two years, dozens of public and private institutions have announced plans to divest their fossil fuel holdings because of environmental concerns, ethical investment strategies, or worries that assets might become “stranded” by emission regulations.


Larger-scale divestment looms...
* ''"Stranded asset" concerns''
 
''Hong Kong and London reports – Oil, gas and coal companies make up one of the world’s largest liquid asset classes, with a combined stock market valuation of nearly $5trn. In the past two years, dozens of public and private institutions have announced plans to divest their fossil fuel holdings because of environmental concerns, ethical investment strategies, or worries that assets might become “stranded” by emission regulations...''
 
 
 
 
[http://cdn.exxonmobil.com/~/media/Files/Other/2014/Report%20-%20Energy%20and%20Carbon%20-%20Managing%20the%20Risks.pdf Exxon Mobile goes on record re: stranded assets]
 
"[W]e are confident that none of our hydrocarbon reserves are now or will become “stranded.
 
&nbsp;
 
== List of Divesting Orgs ==
 
(As of November 2014)
 
* http://www.studentsdivest.org/
 
 
-=-=-=-=-=-=-=-=-=-=-
 
 
'''Colleges and Universities'''
 
College of the Atlantic
 
Foothill-De Anza Community College Foundation
 
University of Glasgow, United Kingdom
 
Green Mountain College
 
Hampshire College
 
Naropa University
 
Peralta Community College District
 
Pitzer College
 
Prescott College
 
San Francisco State University Foundation
 
Stanford University
 
Sterling College
 
Unity College
 
University of Dayton
 
 
'''Cities'''
 
Seattle, WA
 
San Francisco, CA
 
Portland, OR
 
Eugene, OR
 
Berkeley, CA
 
Richmond, CA
 
Santa Monica, CA
 
Boulder, CO
 
Santa Fe, NM
 
Madison, WI
 
Bayfield, WI
 
State College, PA
 
Ithaca, NY
 
Truro, MA
 
Provincetown, MA
 
Providence, RI
 
Cambridge, MA
 
Northampton, MA
 
Ann Arbor, MI
 
Boxtel, the Netherlands
 
New London, CT
 
Amherst, MA
 
Sudbury, MA
 
Concord, MA
 
Framingham, MA
 
Dunedin, New Zealand
 
Oakland, California
 
Örebro, Sweden
 
Oxford, United Kingdom
 
Eugene, OR
 
City of Brisbane, CA
 
City of Moreland, Melbourne, Australia
 
City of Fremantle, Western Australia, Australia
 
Ashland, OR
 
 
'''Counties'''
 
San Francisco, CA
 
Dane County, WI
 
 
'''Religious Institutions'''
 
United Church of Christ – National
 
Massachusetts United Church of Christ
 
Minnesota United Church of Christ
 
Evangelical Lutheran Church of Oregon
 
First Unitarian Church of Salt Lake City, UT
 
First Parish Unitarian Universalist Church in Cambridge, MA
 
Portsmouth South Church Unitarian First Unitarian Church of Pittsfield, ME
 
First Unitarian Society of Milwaukee, WI
 
First Presbyterian Palo Alto, CA
 
Uniting Church, New South Wales & ACT, Australia
 
Dover Friends Meeting, Dover, NH
 
Melbourne Unitarian Church, Australia
 
Unitarian Universalist Society of Amherst, MA
 
Anglican Diocese of Wellington, New Zealand
 
Anglican Diocese of Auckland, New Zealand
 
Anglican Diocese of Dunedin, New Zealand
 
Anglican Diocese of Waiapu, New Zealand
 
Anglican Diocese of Waikato and Taranaki, New Zealand
 
Anglican Church of Aotearoa, New Zealand and Polynesia
 
Anglican Diocese of Perth, Australia
 
Anglican Diocese of Canberra and Goulburn, Australia
 
Anglican Diocese of Melbourne, Australia
 
Anglican National Super, Australia
 
Brighthelm Church, Brighton, UK
 
Society for Community Work
 
Episcopal Diocese of Massachusetts, MA
 
Maine Council of Churches, ME
 
Trinity St. Paul’s United Church, Toronto, Canada
 
Quakers in Britain
 
Diakonia, Sweden
 
Colorado Ratnashri Sangha
 
First Unitarian Church, Ottawa
 
Union Theological Seminary, New York City
 
First Religious Society of Newburyport, MA
 
Unitarian Society of Northampton & Florence, MA
 
Unitarian Universalist Association
 
Central Philadelphia Monthly Quaker Meeting, PA, USA
 
Lansdowne Monthly Quaker Meeting, PA, USA
 
Westtown Monthly Quaker Meeting, PA, USA
 
Lehigh Valley Monthly Quaker Meeting, PA, USA
 
Old Haverford Monthly Quaker Meeting, PA, USA
 
Newtown Monthly Quaker Meeting, PA, USA
 
Haverford Quarterly Quaker Meeting, PA, USA
 
Jamaica Plain Unitarian Universalist, NY, USA
 
World Council of Churches
 
Community Friends, OH, USA
 
Uniting Church in Australia Assembly, Australia
 
Franciscan Sisters of Mary, MO, USA
 
Episcopal Diocese of Western Massachusetts, MA, USA
 
Church of Sweden
 
Unitarian Universalist Congregation of South County (UUCSC), RI, USA
 
First Unitarian Church of Portland, OR, USA
 
Mountain Vista Unitarian Universalist Congregation, AZ, USA
 
First Universalist Church of Pittsfield, ME, USA
 
Unitarian Church of Los Alamos, NM, USA
Unitarian Universalist Church of Palo Alto, CA, USA
 
UU Fellowship of Corvallis, OR, USA
 
Unitarian Universalist Fellowship of Ames, IA, USA
 
Lake County Unitarian Universalist Church, WI, USA
 
First Parish (Old Ship Church), MA, USA
 
All Souls UU Church, MA, USA
 
Unity Temple UU Congregation, IL, USA
 
First Parish Church UU, MA, USA
 
Thomas Jefferson Memorial Church, VA, USA
 
Church of England Diocese of Oxford, United Kingdom
 
 
'''Foundations'''
 
Divest-Invest Philanthropic Group
 
Sierra Club Foundation
 
Wallace Global Fund
 
Jubitz Family Foundation
 
The Educational Foundation of America
 
Park Foundation
 
The Russell Family Foundation
 
Compton Foundation
 
KL Felicitas Foundation
 
The Chorus Foundation
 
Singing Field Foundation
 
Nia Community Foundation
 
The John Merck Fund
 
The Joseph Rowntree Charitable Trust
 
Solidago Foundation
 
Jessie Smith Noyes Foundation
 
Granary Foundation
 
The Schmidt Family Foundation
 
Ben & Jerry’s Foundation
 
Pax Fund
 
Ross Knowles Fund
 
Madden Sainsbury Foundation
 
Earth Welfare Foundation
 
McKinnon Family Foundation
 
The Hunt Foundation
 
Pace Foundation
 
Mullum Trust
 
NSRC Fund
 
Robert and Patricia Switzer Foundation
 
 
'''Other Institutions'''
 
Santa Fe Art Institute
 
New Progressive Alliance
 
Council of Canadians
 
Santa Clara Valley Water District
 
Students’ Society of McGill University (pdf)
 
Island Institute, Maine, US
 
British Medical Association
 
Oregon Environmental Council
 
 
 


[[Category: Green Energy Initiatives]]


[[Category: Divestment from Fossil Fuels]]
[[Category:Climate Change]]
[[Category:Climate Policy]]
[[Category:Green Energy Initiatives]]
[[Category:Divestment from Fossil Fuels]]
[[Category:Externalities]]
[[Category:Fossil Fuels]]
[[Category:Renewable Energy]]

Latest revision as of 22:27, 21 June 2020

DivestfromFossilFuels.png


Divest Now

Divestment movement updates:


"The Vatican's call for divestment is a breath of hope in times when faith is more needed than ever," said 350.org co-founder Bill McKibben. "It is a powerful statement that attempting to profit off the destruction of the planet is plainly and simply immoral and unethical."


Sustainable Business

June 18, 2020


Divestment from fossil fuels


Vatican urges Catholics to drop investments in fossil fuels

VATICAN CITY (Reuters) - The Vatican urged Catholics on Thursday (June 18, 2020) to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment.

The calls are contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of Pope Francis’ landmark encyclical “Laudato Si” on the need to protect nature, life and defenseless people.

The compendium suggests 'practical steps to achieve the goals of the 2015 encyclical', which strongly supported agreements to contain global warming and warned against the dangers of climate change.


Followers of St Francis of Assisi.jpg


Vatican document on Integral Ecology: Safeguarding Creation is everyone’s responsibility

The document, “Journeying for the care of the common home”, offers a guide to all Christians on how to maintain a healthy relationship with Creation. The document coincides with the fifth anniversary of Pope Francis’ encyclical Laudato sí, which was signed on 24 May 2015 and published on 18 June of 2015.


Importance of the Climate Question


Climate change has “a profound environmental, ethical, economic, political, and social ‘relevance’” which “impacts the poor above all.” Therefore, we first need “a new model of development” that links the fight against climate change to the fight against poverty, “in tune with the Social Doctrine of the Church”.

Recalling that "no one acts alone," the document calls for a commitment to "low carbon" sustainable development to reduce greenhouse gas emissions. Proposals made in this area include the reforestation of areas such as the Amazon rainforest, along with support for the international process aimed at defining the category of "climate refugee" to ensure them "necessary legal and humanitarian protections."


~


May 2020

On May 18 the Vatican of the Catholic Church announced the largest joint divestment by faith communities to date... 42 organizations from 14 countries and 5 religions pledged to divest from fossil fuel companies or avoid such investments in the future.


Integral Ecology


The Vatican's bank has said it does not invest in fossil fuels and many Catholic dioceses and educational institutions around the world have taken similar positions.

The document urges Catholics to defend the rights of local populations to have a say in whether their lands can be used for oil or mineral extraction and the right to take strong stands against companies that cause environmental disasters or over-exploit natural resources such as forests.



~


The Fossil Fuels Divestment Movement



Students for a Just and Stable Future


○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○


Rockefellers divest


○ ○ ○ ○ ○ ○

 

GoFossilFree

Fossil Free has listed a growing number of institutions committing to divest from fossil fuels.

The commitments page lists a growing number of commitments from colleges and universities, cities, counties, religious institutions, and other institutions.

Visit their site and click on each name for more information -- and model language -- about the type of commitments they’re making.


○ ○ ○ ○ ○ ○

 

Divestment News

Highlights

Consider that the roughly 1,700 oil-and-gas and coal companies listed on stock exchanges are worth nearly $5 trillion, according to the research company Bloomberg New Energy Finance.



2015

Harvard, Ye Hypocrites

On the global issue that matters most, Harvard University is losing credibility—not to mention money.
-- By Bill McKibben



2014

"Thoughts" on divestment from the vice president of public and government affairs for Exxon Mobil Corporation

"It is, simply, a movement that is out of step with reality... "Divestment represents a diversion from the real search for technological solutions to managing climate risks that energy companies like ours are pursuing."

There’s a financial case for divesting from funds with holdings in the fossil fuel industry, according to an advisor and author on socially responsible investing, but most activists don’t make the financial case.

“They’re making a moral case, they’re making an environmental case,” Tom Nowak of Quantum Financial said at an appearance at Green Fest in Chicago Friday. “What do people respond to when it comes to money? Give me the financial case.”

The financial case, according to Nowak, derives from the increasing likelihood of a price on carbon...



Divestment from fossil fuels

  • "Stranded asset" concerns

Hong Kong and London reports – Oil, gas and coal companies make up one of the world’s largest liquid asset classes, with a combined stock market valuation of nearly $5trn. In the past two years, dozens of public and private institutions have announced plans to divest their fossil fuel holdings because of environmental concerns, ethical investment strategies, or worries that assets might become “stranded” by emission regulations...



Exxon Mobile goes on record re: stranded assets

"[W]e are confident that none of our hydrocarbon reserves are now or will become “stranded.”

 

List of Divesting Orgs

(As of November 2014)


-=-=-=-=-=-=-=-=-=-=-


Colleges and Universities

College of the Atlantic

Foothill-De Anza Community College Foundation

University of Glasgow, United Kingdom

Green Mountain College

Hampshire College

Naropa University

Peralta Community College District

Pitzer College

Prescott College

San Francisco State University Foundation

Stanford University

Sterling College

Unity College

University of Dayton


Cities

Seattle, WA

San Francisco, CA

Portland, OR

Eugene, OR

Berkeley, CA

Richmond, CA

Santa Monica, CA

Boulder, CO

Santa Fe, NM

Madison, WI

Bayfield, WI

State College, PA

Ithaca, NY

Truro, MA

Provincetown, MA

Providence, RI

Cambridge, MA

Northampton, MA

Ann Arbor, MI

Boxtel, the Netherlands

New London, CT

Amherst, MA

Sudbury, MA

Concord, MA

Framingham, MA

Dunedin, New Zealand

Oakland, California

Örebro, Sweden

Oxford, United Kingdom

Eugene, OR

City of Brisbane, CA

City of Moreland, Melbourne, Australia

City of Fremantle, Western Australia, Australia

Ashland, OR


Counties

San Francisco, CA

Dane County, WI


Religious Institutions

United Church of Christ – National

Massachusetts United Church of Christ

Minnesota United Church of Christ

Evangelical Lutheran Church of Oregon

First Unitarian Church of Salt Lake City, UT

First Parish Unitarian Universalist Church in Cambridge, MA

Portsmouth South Church Unitarian First Unitarian Church of Pittsfield, ME

First Unitarian Society of Milwaukee, WI

First Presbyterian Palo Alto, CA

Uniting Church, New South Wales & ACT, Australia

Dover Friends Meeting, Dover, NH

Melbourne Unitarian Church, Australia

Unitarian Universalist Society of Amherst, MA

Anglican Diocese of Wellington, New Zealand

Anglican Diocese of Auckland, New Zealand

Anglican Diocese of Dunedin, New Zealand

Anglican Diocese of Waiapu, New Zealand

Anglican Diocese of Waikato and Taranaki, New Zealand

Anglican Church of Aotearoa, New Zealand and Polynesia

Anglican Diocese of Perth, Australia

Anglican Diocese of Canberra and Goulburn, Australia

Anglican Diocese of Melbourne, Australia

Anglican National Super, Australia

Brighthelm Church, Brighton, UK

Society for Community Work

Episcopal Diocese of Massachusetts, MA

Maine Council of Churches, ME

Trinity St. Paul’s United Church, Toronto, Canada

Quakers in Britain

Diakonia, Sweden

Colorado Ratnashri Sangha

First Unitarian Church, Ottawa

Union Theological Seminary, New York City

First Religious Society of Newburyport, MA

Unitarian Society of Northampton & Florence, MA

Unitarian Universalist Association

Central Philadelphia Monthly Quaker Meeting, PA, USA

Lansdowne Monthly Quaker Meeting, PA, USA

Westtown Monthly Quaker Meeting, PA, USA

Lehigh Valley Monthly Quaker Meeting, PA, USA

Old Haverford Monthly Quaker Meeting, PA, USA

Newtown Monthly Quaker Meeting, PA, USA

Haverford Quarterly Quaker Meeting, PA, USA

Jamaica Plain Unitarian Universalist, NY, USA

World Council of Churches

Community Friends, OH, USA

Uniting Church in Australia Assembly, Australia

Franciscan Sisters of Mary, MO, USA

Episcopal Diocese of Western Massachusetts, MA, USA

Church of Sweden

Unitarian Universalist Congregation of South County (UUCSC), RI, USA

First Unitarian Church of Portland, OR, USA

Mountain Vista Unitarian Universalist Congregation, AZ, USA

First Universalist Church of Pittsfield, ME, USA

Unitarian Church of Los Alamos, NM, USA Unitarian Universalist Church of Palo Alto, CA, USA

UU Fellowship of Corvallis, OR, USA

Unitarian Universalist Fellowship of Ames, IA, USA

Lake County Unitarian Universalist Church, WI, USA

First Parish (Old Ship Church), MA, USA

All Souls UU Church, MA, USA

Unity Temple UU Congregation, IL, USA

First Parish Church UU, MA, USA

Thomas Jefferson Memorial Church, VA, USA

Church of England Diocese of Oxford, United Kingdom


Foundations

Divest-Invest Philanthropic Group

Sierra Club Foundation

Wallace Global Fund

Jubitz Family Foundation

The Educational Foundation of America

Park Foundation

The Russell Family Foundation

Compton Foundation

KL Felicitas Foundation

The Chorus Foundation

Singing Field Foundation

Nia Community Foundation

The John Merck Fund

The Joseph Rowntree Charitable Trust

Solidago Foundation

Jessie Smith Noyes Foundation

Granary Foundation

The Schmidt Family Foundation

Ben & Jerry’s Foundation

Pax Fund

Ross Knowles Fund

Madden Sainsbury Foundation

Earth Welfare Foundation

McKinnon Family Foundation

The Hunt Foundation

Pace Foundation

Mullum Trust

NSRC Fund

Robert and Patricia Switzer Foundation


Other Institutions

Santa Fe Art Institute

New Progressive Alliance

Council of Canadians

Santa Clara Valley Water District

Students’ Society of McGill University (pdf)

Island Institute, Maine, US

British Medical Association

Oregon Environmental Council