Critical to the success of the movement is the fact that corporations are not simply tolerating activists such as Daly.
Instead, they increasingly see the socially responsible agenda as good business; and, perhaps more important, so do investment firms that are responding to the growing demand for portfolios that reflect a client’s values while also making money as effectively as any other investment.
Boycotts are most likely to work when the boycott is very carefully planned; when the boycotters clearly have the moral high ground; when they can convince the broader public that the boycott is a last resort; when they can build a critical mass of public support; and when there is some chance that a boycott can make a meaningful difference.
Graham’s effort to boycott Wells Fargo failed on all five counts.
By now, you may have heard that Jim Wallis and Sojourners have stopped funding climate change by divesting from fossil fuels. Unfortunately, for millions of Christians who invest at faith-based financial institutions, fossil-free investing just isn’t an option.
We’ve done our research. Of the 13 major Christian investment companies we studied, not a single one offers a way for their members to opt out of fossil fuels. We think Christian investment companies should be the FIRST to stop funding climate change! Read our open letter and sign below.
We’re a few weeks into 2015, which means many of us are striving to keep our New Year’s resolutions while others have already seen their best intentions collapse under the pressure of daily routines. Every year, we make promises to be better — we’ll go to the gym, save more money, slow down. But for Christians, every day is an opportunity to make resolutions. We call that repentance.
And this year — today — I am repenting of my dependence on fossil fuels.
While many associate repentance with sorrow or guilt, the biblical meaning of the word is to stop, turn around and go in a whole new direction. Repentance means changing our course and embarking on a new path.
For Christians, humanity’s failure to care for God’s creation warrants our repentance. This is not just a theological claim but a practical moral imperative when it comes to fossil fuel consumption. American Christians need to repent — and quickly!
Our society’s addiction to fossil fuels has had an unconscionable impact on the state of our Earth and on future generations. Coal-fired power plants are giving people cancer and asthma. Oil pipelines are spilling and destroying sacred lands. Natural gas fracking waste is leaking underground, threatening water sources. Through our consumption of coal, oil, and gas, we have enabled this toxic activity.
Editor’s Note : This is the first post in a new series about fossil fuel divestment and clean energy reinvestment. We’ll look at how and why people of faith might choose to divest from fossil fuels as a response to climate change.
When you really care about something, it’s important not to give up hope.
If one of the things you care about is climate change and the harm we are doing to God’s beautiful world, it’s pretty hard to keep the hope alive.
After all, the world’s leading peer-reviewed scientific authority on climate change, the Intergovernmental Panel on Climate Change, just released its most damning report ever, declaring that climate disruption is at this point “irreversible.”
And then let’s look at Congress. The United States has emitted more greenhouse gases than any other country in the world, and yet it’s been five years since Congress came anywhere near passing a major climate law. (And they failed to pass that Cap & Trade law). After the most recent election last week, Sen. James Inhofe (R-OK) — who once called global warming “the greatest hoax ever perpetrated on the American people” — is set to become the gatekeeper for all climate legislation.
This should come as no surprise. Fossil fuels – the main driver of our nation’s climate culpability – are a big business. We blow up mountains to get more coal, set up dangerous oilrigs in the Gulf of Mexico, pipe tar through the breadbasket of America, and use California’s limited water supply to hydrofrack for gas. When I say “we,” I mean the fossil fuel industry. The industry spends tons of money each year propping up climate deniers, spreading misinformation, and sowing seeds of doubt about what we are doing to God’s earth. They also fund political candidates on both sides of the aisle, buying silence from elected officials whose constituents are suffering from air and water pollution, historic drought, or stronger hurricanes.
In the face of all this, I have hope — for two reasons.
Worried about global warming, a growing number of churches and other faith groups are divesting their holdings in fossil fuel companies, which release large amounts of carbon dioxide and other greenhouse gases into the atmosphere.
“The warning in Scripture that ‘the wages of sin is death’ could not be more literally true than it is in the case of fossil fuels,” said Serene Jones, president of New York’s Union Theological Seminary, whose board voted in June to divest its $108.4 million endowment from fossil fuel companies.
“While we realize that our endowment alone will hardly cause the fossil fuel giants to miss even half a heartbeat, as a seminary dedicated to social justice we have a critical call to live out our values in the world. Climate change poses a catastrophic threat, and as stewards of God’s creation we simply must act.”
The Presbyterian Church (USA) voted Friday to divest church funds from three American companies it cited for profiting from the oppression of Palestinians within Israel’s occupied territories.
The 310-303 vote of the church’s General Assembly in Detroit marks a victory for divestment supporters both within and without the 1.8 million-member PCUSA, now the largest American church to embrace divestment as a strategy to pressure Israel to return its illegally held lands.
The issue has roiled the church for the last decade, and during a more than three-hour debate, many lamented the divisiveness and noted how many around the world — in the U.S., Israel, and the Palestinian territories – would be watching.
Last week, Serene Jones, president of Union Theological Seminary, announced that the school is divesting its endowment of fossil fuels. It is the first seminary in the world to do so, marking Union’s latest action in a long legacy of social justice commitments.
So what? Well, it helps to look at this news in context.
New York City’s venerable Union Theological Seminary plans to pull all investments in fossil fuels from its $108.4 million endowment, casting it as part of a bid to atone for the “sin” of contributing to climate change.
Union’s portfolio has been investing 11 percent (or about $12 million) of its endowment in fossil fuels. Jones did not mince words in condemning the school’s contributions to fossil fuel, quoting “the wages of sin is death” from Scripture.
“We have sinned, and we see this divestment as an act of repentance for Union,” Jones wrote in an op-ed for Time magazine. “Climate change poses a catastrophic threat. As stewards of God’s creation, we simply must act to stop this sin.”
In the fall of 1981 I was a freshman at the University of California, Davis. It didn’t take long for me to step into the “Free South Africa” divestment movement sweeping the U.C. system.
I already had some traction with political protest. My first “demonstration” that I can remember was the 1966. I was 3 years old and it was the United Farm Workers march on the California state capitol in Sacramento. I was — and still am — a child of La Causa.
The University of California system had billions of dollars invested in South Africa — as did many U.S. and international corporations and governments. The aim of the divestment movement was to “drain the swamp of the apartheid regime.” The African National Congress and the South African church movement were calling for divestment and sanctions against the South African apartheid regime — even though it would but additional burdens on ordinary people. Millions around the globe responded.
The divestment movement spread like wildfire through the U.C. system. We had regular noon rallies outside the administration offices. And more than once in my college career we blocked the steps to Sproul Hall and were subsequently arrested by campus police with the Davis city police looking on.
On Ash Wednesday 2013, civil rights legend Julian Bond and I found ourselves crammed into a prisoner transportation vehicle. We had just been arrested for protesting the Keystone XL pipeline at the White House. With our hands cuffed behind our backs, we made the most of our time. We shared stories of the civil rights movement and climate activism.
I asked him what single ingredient was most essential for the success of the civil rights movement.
He responded: “Persistence.”
The Global North and West is addicted to fossilized fuel. Myself included. And we are trying to push our addictions onto the Global South.
Everywhere we look the fossil fuel pushers are in our face, luring us into our next fix.
Not a week after the elections, the American Petroleum Institute launched ads in Alaska, Louisiana, New Mexico, Colorado, Virginia, Arkansas, and North Carolina targeting U.S. senators who are raising the issue of climate change; specifically, the ones calling into question oil company subsidies.
The oil and gas companies try seduction ("fighting for jobs"). They try fear ("we are too big to fail"). They accuse us of being unfair to them ("Discriminatory treatment of the oil and gas industry is a bad idea"). They try bullying and slandering.
Even when our court system recently convicted one of them killing (BP convicted of "manslaughter" for the 11 murdered on Gulf Oil spill rigs), they are not stopped.
It was game time. The Saturday night crowd on the Vermont campus was festive, boisterous, pumped. People cheered and whooped when told that one of their heroes, climate activist Tim DeChristopher — serving a two-year federal sentence for his civil disobedience opposing new oil and gas drilling in Utah — would soon be back on the field.
When the man on the stage, 350.org’s Bill McKibben, said it was time to march not just on Washington but on the headquarters of fossil fuel companies — “it’s time to march on Dallas” — and asked those to stand who’d be willing to join in the fight, seemingly every person filling the University of Vermont’s cavernous Ira Allen Chapel, some 800 souls, rose to their feet.
McKibben and 350, the folks who brought us the Keystone XL pipeline protests, are now calling for a nationwide divestment campaign aimed at fossil fuel companies’ bottom line. Beginning with student-led campaigns on college campuses, modeled on the anti-apartheid campaigns of the 1980s, they’ll pressure institutions to withdraw all investments from big oil and coal and gas. Their larger goal is to ignite a morally charged movement to strip the industry of its legitimacy.
“The fossil fuel industry has behaved so recklessly that they should lose their social license — their veneer of respectability,” McKibben tells his audience. “You want to take away our planet and our future? We’re going to take away your money and your good name.”
United Methodists twice rejected measures on Wednesday (May 2) that called for the denomination to divest from companies accused of contributing to the Israeli occupation of Palestinian territories.
Neither vote was particularly close, with about two-thirds of the 1,000 delegates gathered in Tampa, Fla., through May 4 rejecting the calls for divestment.
The UMC rejected similar measures at its last General Conference in 2008.