Faith Institutions Announce Largest-Ever Joint Divestment From Fossil Fuels (excerpt): 350

"Commitments highlight need for governments to increase ambition
on climate action.

WASHINGTON - Today, 47 faith institutions announce their divestment from fossil fuels, making the largest-ever joint announcement of divestment among religious leaders. These include Catholic, Protestant, and Jewish institutions from 21 countries.

Participating institutions include the Commission of the Bishops’ Conferences of the European Union, American Jewish World Service, and Anglican and Methodist churches across the United Kingdom. The full list of participating institutions is here.

The announcement coincides with the fifth anniversary of the Paris agreement on climate change. Faith leaders’ action puts pressure on government leaders, and their commitment to clean energy stands in stark contrast with many governments’ failure to deliver ambitious energy strategies. "

Go to complete 350.0rg article

Related: Politicians Try to Rally Support for Coal Despite Economics and Biden Presidential Win (excerpt): DeSmog

 

 

 

divestment, 350, fossil fuel industry, Paris Agreement, faith institutions, jail climate criminals

Australia's biggest companies failing to plan for climate change risks: report: ABC NEWS

"Australia's biggest companies are ignoring calls from regulators and investors to do more to mitigate the risks of climate change, with a new study finding that many of the nation's top 100 companies still do not identify climate change as a material business risk."

 ................................

 "In October, the Australian Institute of Company Directors' (AICD) survey of more than 1,200 company directors found they had for the first time nominated climate change as the number one issue they want the Federal Government to address in the long term.

Responsible Investment Association Australasia (RIAA) chief

Climate Angel

executive Simon O'Connor said investors were increasingly setting decarbonisation targets for their investment portfolios.
"Many responsible investors are rightfully concerned about this low level of disclosure," he said.

"More and more responsible investors are considering divestment from fossil fuel companies as an option on the table."

Read the ABC News story 


#climate change economic impact    #climatechange  #climate activism   #Australia

1.5°C = Zero Fossil Fuels: 350.org

1.5 degrees heating

It’s simple — to keep global warming below 1.5°C, coal, oil + gas needs to stay in the ground.

On October 8, 2018, the Intergovernmental Panel on Climate Change (IPCC) released a special report on keeping warming below 1.5°C. It was a wake-up call to the world that the window for avoiding runaway climate change is closing — fast.

To have any chance of staying under 1.5°C of warming, no new fossil fuel project can be allowed to go ahead.

The fossil fuel industry is knowingly causing the climate crisis. Every institution and every single level of government has a role to play in stopping this reckless industry before it’s too late.

We must demand that all institutions withdraw their support from the fossil fuel industry — be that investments, sponsorships, subsidies or permits — and stand up to the industry before it’s too late.

Go to original 350.org article

#fossil fuels  #divestment  #coal  #oil  #gas  #IPCC  #1.5degrees C  # global warming