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Showing posts from July, 2018

Church of England to divest from fossil fuel companies not in line with Paris Agreement

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The Church of England got its act together at General Synod and voted to divest from oil and gas companies that do not align to the Paris Agreement goals. This is a significant step forward and a great success for the Operation Noah Bright Now campaign.

Some great coverage from the press, including this article from Bloomberg,

And an excellent comment piece in the Telegraph from Rowan Williams.

The Church of England urged to vote for divestment.

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On Sunday 8 July 2018 the Church of England General Synod will vote on whether to divest from oil and gas companies not unequivocally aligned to the Paris Agreement goals of keeping global warming below 2C. This would be a historic vote and would echo the Church of Ireland commitment at its 2018 General Synod to divest from all fossil fuel producers by 2022.

The Church of England is a powerful voice in institutional investments. It has led strongly in collaborative engagement in recent years. A successful amendment vote on Sunday at General Synod would send one of the strongest signals to fossil fuel companies that the time for serious action has arrived.

Oil majors have been tripping over themselves with green announcements recently. Shell, ENI and Equinor have promised to reduce production emissions and to transform themselves into ‘energy companies’ rather than oil and gas companies. These announcements are welcome, but the Paris Agreement goals require a rapid reduction fossil fu…