Blog Archive: disinvestment Archives - Page 2 of 8 - Bright Now

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

2

Oct

2015

Disinvest to reinvest conference moves from October 2015 to a new date 2016

If you are thinking of attending the Disinvest to reinvest conference be aware that this will take place in 2016, not October this year as previously advertised.
Read more

22

Sep

2015

Fossil free divestment passes $2.6T as Leonardo DiCaprio takes the pledge

Global moves to switch investments from fossil fuels to clean energy received a major boost today, when actor, Hollywood A-lister and environmentalist Leonardo DiCaprio, announced he and his charitable foundation had committed to disinvest. Read more

1

Sep

2015

Stop Press: Disinvest to reinvest – conference 17th October 2015 now postponed until 2016

The Disinvest to reinvest conference due to take place on Saturday 17th October has been postponed until 2016
Read more

14

Jul

2015

C of E General Synod affirms policy to disinvest from thermal coal & tar sands, but commits to engage with other fossil fuel co’s

Yesterday, the Church of England’s General Synod debated a motion on the Church’s investments in fossil fuels. The motion, proposed by the Bishop of Manchester, welcomed the decision of the Church’s investing bodies to disinvest from thermal coal and tar sands, whilst affirming the Church’s commitment to continue engaging with other fossil fuel companies.

This debate followed two resolutions passed by the Dioceses of Oxford and Birmingham, which call on the Church of England to disinvest from all fossil fuel companies within five years.

Read more

2

Jul

2015

Methodist Conference votes overwhelmingly to disinvest from coal and tar sands

Today, the Conference of the Methodist Church in Britain voted unanimously to disinvest from coal and tar sands by 2017. The Conference also asked the Church’s ethical investment body to report back on possible further disinvestment from other fossil fuels by 2016.

This follows a revised policy on climate change and investment published by the Methodist Church earlier this year, which set criteria for disinvesting from coal and tar sands but did not make an explicit commitment to take immediate action.

Those speaking during the debate argued for disinvestment from an industry that has failed to respond to climate change for more than 20 years, threatening to push the global climate beyond 2 degrees C warming. One representative from West Yorkshire Methodist District, which earlier this year voted overwhelmingly for the Church to disinvest from coal, oil and gas, said, ‘The argument for disinvestment is based on the gospel imperative to love our neighbour. How can we love God if we fail to halt the threat to the Earth he created?’

Read more