Blog

11

Jan

2017

Church of England launches ‘Transition Pathway Initiative’ engagement framework

Today the Church of England joined the Environment Agency Pension Fund, the LSE’s Grantham Institute and various asset owners in launching the Transition Pathway Initiative, its framework for engagement with fossil fuel companies. Other partners include the Central Finance Board of the Methodist Church and CCLA. Read more

13

Dec

2016

Global fossil fuel divestment commitments double to more than $5 trillion in a year

On Monday 12 December, a year on from the Paris Agreement, it was revealed that the divestment movement has doubled in size since September 2015.

The newly published Divest-Invest report shows that global divestment commitments have been made by 688 institutions across 76 countries, reaching an incredible $5.2 trillion of assets under management. Furthermore, asset managers controlling $1.3 trillion – a quarter of the total – have committed to increasing their investments in clean energy to speed up the transition to a low-carbon economy. Read more

25

Nov

2016

Church Divestment and Investment for a Zero-Carbon Economy – skill-up day report

On Saturday 19 November, Operation Noah and Quaker Peace & Social Witness organised a skill-up day for campaigners and church treasurers, entitled ‘Church Divestment and Investment for a Zero-Carbon Economy’, which was attended by 40 people from across the churches. The event offered participants the chance to learn more about the range of alternative investment options available, how to divest and reinvest in practice and campaigning for divestment and reinvestment in their churches. Read more

15

Oct

2016

Fossil fuel expansion has reached the sky’s limit, says new report

If you’re in a hole, stop digging. That’s the conclusion of a new study released by Oil Change International, in partnership with 14 organisations from around the world including 350.org, Christian Aid and the Global Catholic Climate Movement.

The report, entitled ‘The Sky’s Limit: Why the Paris Climate Goals Require a Managed Decline of Fossil Fuel Production’, provides strong scientific evidence to support the growing movement to keep carbon in the ground, of which Bright Now is a part. Read more

12

Oct

2016

Investing sustainably: church investors challenged to think differently

On Thursday 6 October, church investors and ethical investment advisors from across the churches attended a conference organised by Operation Noah, The Climate Change Collaboration and Quaker Peace & Social Witness. The event, entitled “Investing sustainably: Protecting financial assets and supporting the transition to a zero-carbon future”, challenged the perceived barriers to scaling up investments in clean energy and other climate solutions. Read more

5

Oct

2016

Seven Catholic institutions announce divestment from fossil fuels

On the feast day of St Francis of Assisi, Tuesday 4 October, seven Catholic institutions around the world announced that they plan to divest from fossil fuel companies, citing the inspiration of Pope Francis’ encyclical Laudato Sì.

Among the organisations joining the divestment announcement, the largest so far in the Catholic Church, were the Jesuits of the English Canada province; the Missionary Society of St Columban, based in Hong Kong; Presentation Society of Australia and Papua New Guinea; Daughters of Mary Help of Christians (Salesians) in Italy; the Diocese of Umuarama, Brazil – the first Catholic diocese to do so; St Louis-based SSM Health in the US; and Federation of Christian Organisations for the International Voluntary Service in Italy. Read more