Posts By This Author
Fossil-Fuel Divestment: I Did It for My Soul
whiteisthecolor / Shutterstock.com
Editor's Note: In this latest edition of our “Disinvest/Reinvest” series, John Elwood reflects on how – and why – he divested from fossil fuels. You can sign up for the final week of our Christian Divestment e-course here.
Investments shape souls. Jesus tells us so.
“For where your treasure is, there your heart will be also.” Matthew 6:21
Over the years, these words of Jesus have kept me away from the “merchants of death” and conflict minerals and steered me toward ethical products of many sorts. In recent years, however, a more sinister and pervasive threat has come into focus. Climate scientists in 2014 warned that energy companies like Exxon, Shell, PetroChina and Chevron – which derive their value from enormous reserves of recoverable fossil fuels – will have to leave about 80 percent of those precious reserves in the ground if the world is to have a chance of avoiding global climate mayhem.
That means that four out of every five barrels of oil, or tons of coal, or cubic feet of natural gas that these companies have discovered and developed must eventually be written off.
The market value of fossil fuel reserves today is valued at around $27 trillion, a sum that dwarfs the famous U.S. national debt. This means that there is a very, very bad day of reckoning ahead for someone. Either all of humanity will endure unspeakable suffering, or those who invest in the fossil-fuel companies will suffer huge losses.
It became clear to me that investing in fossil fuels is no longer a retirement strategy or a way of mitigating market risks. It is a decision whether to align my soul with unfathomable harm to virtually all of humanity and to all of God’s beloved creation. If I’ve got my own personal slice of those carbon reserves (whether by buying a share of ExxonMobil or by investing in a mutual fund that does), I make money, or avoid big losses, only if the entire creation groans and suffers under the weight of climate calamity.
The Climate 'Debate' Is Over. Isn’t It?
Giant climate science “blackboard” at the People’s Climate March in NYC on Sunday. Image courtesy John Elwood.
What an amazing weekend! Barbara, Peter, and I had the privilege of hosting more than forty students from Christian colleges who traveled to New York for the People’s Climate March. On Sunday, we joined with other Christians for a morning prayer service in Central Park, and then squeezed in with an estimated 311,000 people for what is hands-down the biggest climate demonstration ever.
We had our choice of groupings on the march. Leading the way were those already affected by climate disruption, followed by students, youth, and elders. Fifteen blocks back stood those working for solutions, such as renewable energy and environmental justice advocates. Another ten blocks and the scientists and faith groups stood shoulder-to-shoulder. And in the rear was an assortment of cities, states and countries from virtually everywhere.
We chose the Science and Faith section. There we were, beneath an enormous blackboard prepared by scientists declaring “The ‘Debate’ is Over!”
Its chalk markings depicted the trends in atmospheric CO2 concentrations over the last 400,000 years, with the unprecedented and terrifying spike in the last half-century; a pie-chart of the 97 percent of climate scientists who agree on the consensus science of manmade global warming; a line graph showing the precipitous decline in Arctic sea ice cover; and the Keeling Curve demonstrating the inexorable growth in greenhouse gases every single year. Around us stood technicians in white lab coats, research scientists of every stripe, Christian college students, university professors, grandmothers demanding climate action, and young parents pushing strollers—including our own kids, Lindsey and Brad, with our beautiful granddaughters.
The debate is over. Right?