Blog: Uncategorized Archives - Bright Now

27

Oct

2014

Christians celebrate the growing number of fossil-free Churches with a divestment party on the steps of St Paul’s!

On Saturday 25 October Christian Climate Action and Divest London threw a party on the steps of St Paul’s Cathedral to celebrate the growing number of Churches disinvesting from fossil fuels around the world. Christians, vicars, students and families celebrated with cakes, songs, party games and a ‘commitments catwalk’ of fossil-free Churches.

Speakers included representatives from Quakers in Britain and Brighthelm United Reformed Church in Brighton, who told partygoers why they have moved their money away from fossil fuels. Geoff Barnard, a trustee of Brighthelm, which was the first UK church congregation to divest, said the church was inspired by Operation Noah’s Bright Now campaign. He added, ‘It’s clear that the burning of fossil fuels is not sustainable. We divested from fossil fuels because we don’t want our money to support an industry that is destroying the planet. We were surprised to be the first church to take this step and hope others churches will soon join us by divesting from fossil fuels.’

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13

Oct

2014

As Oxford City Council decides to disinvest, where is the Church’s leadership?

Oxford City Council’s decision to preclude direct investment in fossil fuel companies is a very welcome development. Following earlier announcements by, among others, the World Council of Churches, the University of Stanford and the British Medical Association, this signals that there is a growing momentum towards disinvestment.

The council’s decision reflects a recognition, both that fossil fuels threaten our future and that fossil fuel companies are not the safe investment they have hitherto been. This latter fact was recently dramatically confirmed by the news that the Rockefeller Brothers Foundation would also be disinvesting from fossil fuels and re-investing in clean energy. In the words of a friend and parishioner of mine: ‘… when smart money gets out, we need to follow before there is a crush at the door’. Read more

1

Oct

2014

A Day of Sore Feet and Blessings

Jean Leston reflects on the London Climate March and the world’s biggest day of climate action.

Imagine a tree in the middle of a London park (Victoria Embankment Gardens to be precise), absolutely covered in colourful decorations as though it was Christmas. Only these weren’t baubles but heartfelt pleas, written on labels and tied to the branches, for government to take climate action – for the love of what is most precious to each of us.

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17

Mar

2014

Deflating the carbon bubble

‘Rethink what fiduciary responsibility means in this changing world. It’s simple self-interest. Every company, investor and bank that screens new and existing investments for climate risk is simply being pragmatic.’ Jim Yong Kim, President, World Bank

Our financial system has gone through a variety of bubbles: the real estate bubble, the commodity bubble, the dot-com bubble. There’s a new one, one that is more or less literally hanging over our heads. The carbon bubble. Read more