Blog Archive: disinvestment Archives - Bright Now

24

May

2016

Church of Scotland divests from coal and tar sands

The General Assembly of the Church of Scotland has voted to divest from companies involved in the extraction and sale of coal and tar sands. It asked its investors to engage with other fossil fuel companies and agreed that the Church and Society Council should report back its findings to the General Assembly in 2018. Read more

7

Mar

2016

James Buchanan joins ON as Bright Now Campaigner

We’re delighted to welcome James Buchanan as our new Bright Now Campaigner. James brings a wealth of experience, skills and ideas having worked for CAFOD, Christian Aid and the Church of England. He will be known to many ON supporters from his previous roles as a Campaigns Assistant, Diocesan Officer and Support Officer with CAFOD, and as a Volunteer Development Officer and Intern for Christian Aid.  Read more

28

Feb

2016

Divest-invest: UK’s biggest energy lobby ‘flips’ on renewable energy

In a U-turn from ‘business as usual’, the UK’s biggest energy lobby group has called for a stronger focus on energy efficiency and a greater roll-out of renewables.

It’s a change which bolsters the case for UK churches to ‘divest and invest’ – divest from fossil fuels and invest in clean energy technologies.

The move has attracted the attention of investors and policy experts alike. Nicky Mayey Chief Executive at E3G energy consultancy said it’s ‘a fundamental shift from the old energy business model because it’s not fit for the future’. Read more

14

Dec

2015

COP21 – We must, we can, we will.

If you woke on Sunday morning wondering if the previous night’s announcement in Paris was a dream, it’s OK – it wasn’t. But after years when the main concern after the December COP was to try and find something, anything, even vaguely positive to say you’d be excused for thinking it might have been.

To get just shy of 200 countries to agree to anything at all is remarkable. To get agreement on a 2°C target, with the aspiration to limit average warming to 1.5° is, frankly, stunning.

It is a testament to the extraordinary efforts of Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) and her team. Read more

10

Nov

2015

Scale & pace of divestment grows following latest commitments

Welcome news this month as the pace of fossil fuel divestment continues to quicken. In September pledges to divest passed $2.6 trillion, and People and Planet have just announced that 8 new higher education institutions have divested. In all commitments to divest have increased more than 50 fold over the last year. Read more

3

Oct

2015

Assets come home. Has the financial sector accepted the reality of ‘stranded assets’?

Mark Carney Stranded Assets

“Stranded assets” and the risks to the fossil fuel sector from concerted efforts to address climate change have been widely discussed amongst those campaigning for divestment, and largely dismissed by the financial sector – until now. Read more