Blog Archive: divestment Archives - Bright Now

10

Jul

2018

Church of England votes for fossil fuel divestment, but still some way to go

The Church of England’s governing body, General Synod, voted overwhelmingly on Sunday to divest by 2023 from oil and gas companies not on track to meet the Paris Agreement target of limiting global average temperature rise to well below 2°C.

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8

Jul

2018

91 Anglican bishops and clergy support call for divestment at General Synod

13 Anglican bishops and 78 clergy have signed a letter calling on the Church of England’s General Synod to support an amendment on fossil fuel divestment set to be tabled by the Diocese of Oxford today during a debate on the Church’s approach to tackling climate change.

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11

Jun

2018

Fossil free Churches: Accelerating the transition to a brighter, cleaner future

Front cover of the Fossil Free Churches report.

Our new Bright Now report looks at the role of the Churches in the transition from fossil fuels to renewable energy.

The report, Fossil free Churches: Accelerating the transition to a brighter, cleaner future, argues that the speed of transition needs to accelerate rapidly in order to keep temperature rises in line with the Paris Agreement. To accelerate the transition to a net zero carbon economy, Churches (and other investors) need to rapidly shift their investments from fossil fuel companies and reinvest in clean alternatives.

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19

Jan

2018

New York City takes the lead on fossil fuel divestment

The Statue of Liberty in New York.

In a significant step forward for the divestment movement, New York City announced last week that it will divest its city pension funds from the fossil fuel industry.

At the same time, the city announced a lawsuit against five of the biggest oil and gas corporations for the damage caused by climate change, following the devastation caused by Hurricane Sandy in 2012. Read more

13

Dec

2017

Exxon announcement on climate reporting: too little, too late

On Tuesday 12 December, ExxonMobil finally responded to shareholder pressure following a resolution passed at the company’s AGM in May 2017, announcing that it would report on the impact of climate policies on its business operations.

The announcement came on the second anniversary of the Paris Agreement, which the company publicly supports, although its actions have suggested otherwise. Read more

7

Nov

2017

Bishops and clergy call on CofE to divest from Exxon

The following letter from Church of England bishops and clergy was published in The Guardian on 7th November. A news story on the same day included interviews from all sides of the argument.
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