Blog: Opinion Archives - Bright Now




After Glencore’s huge coal mine bid, is it time for the Church of England to divest?

The mining giant Glencore has made a £2.7 billion bid for a massive coalfield in Australia, leading to questions about the Church of England’s future investment in the company. Read more




Greenbelt 2016: three cheers for the challengers and pioneers

Josh Evans.

In our third blog post from Greenbelt 2016, Josh Evans reflects on the conversations from the weekend. Read more




Greenbelt 2016: Bright Now meets Bill McKibben

Operation Noah volunteers in "Bright Now" T-shirts with Bill McKibben.

In our second blog post from Greenbelt 2016, Operation Noah volunteer Jade Ashley Till  writes about the day Bright Now met Bill McKibben. Read more




Greenbelt 2016: eagerly awaiting a climate of change

Jean Leston holding Bright Now poster.

Operation Noah trustee Jean Leston reports from our first day at Greenbelt 2016. Read more




The Church of England threatens to pull its investments from BP and Shell unless they take action to address climate change

Following the Church of England’s recent announcement that it will file two shareholder resolutions at the BP and Shell AGMs in 2015, the Church stated last week that it will consider disinvestment from these companies as a ‘last resort’ if they are unresponsive to the Church’s concerns.

Can the Church of England use its investments to change the business strategies of fossil fuel companies, or should it follow other Churches around the world in refusing to profit from, and provide finance to, the fossil fuel industry?

Under pressure from Christian campaigners to disinvest, the Church of England is pursuing an engagement strategy to encourage BP and Shell to take account of climate change. The Church is now filing two shareholder resolutions asking for information concerning the companies’ rating under the Carbon Disclosure Project’s Climate Performance Leaders Index (CPLI), their resilience to the International Energy Agency’s post-35 scenarios, and their investment in low-carbon technology including Carbon Capture and Storage (CCS).

Operation Noah is pleased to see the Church considering these issues. However, we believe the Church must go further. We would like to know what criteria the Church of England will use to determine the effectiveness of their engagement, and the point at which a decision to disinvest would be taken. As fossil fuel companies continue to explore and extract ever-increasing amounts of fossil fuels while our window of opportunity to prevent catastrophic climate change grows smaller, when will it be time for the Church to use its ‘last resort’?

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Where have we put our treasure?

Clare Bryden explores where our treasure lies in today’s world.

In a Resurgence article based on his latest book The Energy of Nations, Jeremy Leggett gives the history of four systemic risks in energy markets: climate change and the need to keep fossil fuels in the ground; the resulting carbon bubble in capital markets; corporate losses in US shale gas and oil production, which means the ‘boom’ may just be a bubble; and peak production of affordable oil.

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