Eye on Energy: World Council Of Churches Divests From Fossil Fuels

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"The committee discussed the ethical investment criteria, and considered that the list of sectors in which the WCC does not invest should be extended to include fossil fuels."

Ahmadiyya Times | News Watch | US Desk
Source/Credit: The Huffington Post
By Yasmine Hafiz | July 11, 2014

The World Council of Churches, which represents over 500 million Christians in more than 110 countries, has decided to divest from fossil fuels, reports The Guardian.

The WCC Central Committee, which includes religious leaders from around the world, voted to include fossil fuel companies in the sectors that WCC will not invest in on ethical grounds, according to a statement from 350.org, an international enviromental campaign.

A report from the WCC's finance policy committee simply states, "The committee discussed the ethical investment criteria, and considered that the list of sectors in which the WCC does not invest should be extended to include fossil fuels."

350.org founder Bill McKibben said, "The World Council of Churches reminds us that morality demands thinking as much about the future as about ourselves–and that there’s no threat to the future greater than the unchecked burning of fossil fuels." He added, "This is a remarkable moment for the 590 million Christians in its member denominations: a huge percentage of humanity says today ‘this far and no further.’”

Guillermo Kerber, the WCC programme executive on Care for Creation and Climate Justice, explained, "The general ethical guidelines for investment already included the concern for a sustainable environment, for future generations and CO2 footprint. Adding fossil fuels to the list of sectors where the WCC does not invest in serves to strengthen the governing body’s commitment on climate change as expressed in various sessions of the Central Committee.”

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