[DurhamDivest] Divestment from fossil fuels: update and actions

[mark]

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Thanks Susan, that's really interesting.

If anyone knows the state of play with non-Christian faith-based
organisations, we should include them too. Anyone?

Mark


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: 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
>> 
>> _______________________________________________ DurhamDivest
>> mailing list DurhamDivest at lists.aktivix.org 
>> https://lists.aktivix.org/mailman/listinfo/durhamdivest
> 
> 
> _______________________________________________ DurhamDivest
> mailing list DurhamDivest at lists.aktivix.org 
> https://lists.aktivix.org/mailman/listinfo/durhamdivest
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