Episcopal Church Votes To Withdraw Investments In Fossil Fuels

[cbayer]

http://thinkprogress.org/climate/2015/07/06/3677181/episcopal-church-climate-change-divest/

BY EMILY ATKIN POSTED ON JULY 6, 2015 AT 12:09 PM


CREDIT: SHUTTERSTOCK

Leaders of the Episcopal Church voted to divest its holdings from fossil fuels on Friday, citing the fact that fossil fuel burning causes catastrophic climate change.

Calling it a “moral issue,” leaders of the 2 million member Christian denomination said fossil fuel investments would be purged from the church’s holdings, which total approximately $380 million. The vote, however, does not cover the denomination’s $9 billion pension fund, or the $4 billion controlled by parishes and dioceses, the Guardian reported.

Still, the divestment represents a victory for climate hawks, who equate divestment from fossil fuels to taking a symbolic stance against the primary cause of global warming. And symbolism does seem to be part of what the Episcopal Church was going for.

“The vote says that this is a moral issue and that we really have to think about where we are putting our money,” Betsy Blake Bennett, an archdeacon, told the Guardian. “At a point where we are losing species and where human life itself is threatened by climate change, the church, by acting on it, is saying that this is a moral issue and something that everyone needs to look at seriously.”

more at link

[oldandhappy]

1. YES!!!!!!!

[hrmjustin]

2. K&R!

[AtheistCrusader]

3. What does God need with 13.3bn dollars?

Just curious.