[DurhamDivest] Divestment from fossil fuels: update and actions

[Susan Wesley]

Hi All

Some information on divestment from fossil fuels by some religious 
organizations.

The Cathedral would come under Church of England, which has divested 
from coal and tar sands.

Quakers, United Reformed Church of Scotland and Student Christian 
Movement have fully divested from fossil fuels. The rest coal and tar 
sands only.

Quakers in Britain    Faith-based Organization    UK    Full

  United Reformed Church of Scotland    Faith-based Organization UK    Full

Student Christian Movement    Faith-based Organization    UK    Full

Church in Wales    Faith-based Organization    UK    Coal and Tar Sands 
Only

Church of England    Faith-based Organization    UK    Coal and Tar 
Sands Only

Church of England Diocese of Oxford    Faith-based Organization    UK    
Coal and Tar Sands Only

Church of Scotland    Faith-based Organization    UK    Coal and Tar 
Sands Only

Methodist Church of Britain    Faith-based Organization    UK Coal and 
Tar Sands Only

Enjoy your day

Susan


On 03/03/2017 10:56, mark wrote:
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> Here's a quick update from the Durham Divestment Alliance with news
> and easy actions you can take to support our campaign.
>
>
> Durham County Council
> =====================
>
> Recent FOI requests by Community Reinvest [1] have revealed that DCC
> has £128 million directly invested in fossil fuel stocks, and probably
> the same amount indirectly. That amounts to 12% of the total value of
> their (our) pension fund.
>
> Whether you're a DCC employee who doesn't want to be exposed to the
> climate bubble, or a council tax payer who doesn't want your cash
> funneled into this destructive industry, you might object to this.
>
> New rules (the 2016 Investment Regulations) come into effect on April
> 1st 2017. This will oblige DCC to publish an Investment Strategy
> Statement (ISS) detailing how it intends to address the financial
> risks that climate change poses. That means they have to come off the
> fence and get real about this challenge.
>
> Fortunately, we have an uncommon opportunity to make our views heard
> on this matter, as we're approaching local elections on May 4th. Many
> candidates are already campaigning, but the deadline for nominations
> is not until April 4th, so keep an eye out for late entrants.
>
>
> Suggested Actions :
> - -------------------
>
> * Write to DCC Strategic Finance department [2] asking how they intend
> to deal with climate risk in their forthcoming ISS; it's sometimes
> easier to get these things changed before they're published.
>
> * Ask all of your local candidates (current councillors and
> challengers) how they stand on pension fund divestment, and let them
> know you'll be voting for whoever gives the best answer.
>
> * Subscribe to the Durham Divestment Alliance mailing list [3] to keep
> informed about this issue and forthcoming actions.
>
>
> Durham University
> =================
>
> The university has completed its consultation in which views and
> information on divestment were invited. There was a large response
> with the strongest arguments and numbers being in favour of
> divestment. This is now working its way through different committees
> before a conclusion is announced. Big kudos to People & Planet for
> their campaigning on this.
>
>
> Durham Cathedral & Churches
> ===========================
>
> No feedback has yet reached us about the progress of divestment
> proposals in the cathedral or any faith communities, who we know have
> large fossil fuel investments. If you have any news on this, please
> send it to DurhamDivest at lists.aktivix.org
>
>
>
> [1] http://communityreinvest.org.uk/
> [2] http://www.durham.gov.uk/article/9931/Corporate-Finance
> [3] https://lists.aktivix.org/mailman/listinfo/durhamdivest
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