Divest from fossil fuels, plead faith leaders

November 10, 2016
World faith leaders make their plea for sovereign wealth and pension funds to pull out from fossil fuel investments in an interfaith statement, released in Marrakesh on the sidelines of UN talks tasked with implementing a landmark climate treaty

Faith group leaders, supported by Nobel Peace Prize laureates Desmond Tutu and the Dalai Lama, called Thursday on sovereign wealth and pension funds to pull out from fossil fuel investments.

They made their plea in an interfaith statement, released in Marrakesh on the sidelines of UN talks tasked with implementing a landmark climate treaty.

Signatories also included Marcelo Sanchez Sorondo, Chancellor of the Pontifical Academy of Sciences; Olav Fykse Tveit, head of the World Council of Churches; and more than 200 other faith leaders.

National and private investment funds have placed trillions of dollars in fossil fuel energy and related sectors.

The Paris Agreement, inked in the French capital last December, seeks to beat back the threat of global warming, caused mainly by the burning of coal, oil and gas.

The 196-nation pact calls for the rapid decarbonisation of the world economy—essentially a switch from carbon-intensive to clean energy, especially solar and wind.

The appeal was led by a pledge from the Islamic Society of North America, an umbrella group, to divest from and encourage sister organisations to do the same.

"According to Islam's most basic and fundamental teachings, human beings have been uniquely charged with the great responsibility of being Guardians of the Earth," said Azha Razee, President of the Society.

"It goes against the mission of the ISNA to invest in whose operations and products cause such great harm to humanity and creation."

The statement was supported by more than 30 organisations across the full spectrum of world religions.

Explore further: Australia ratifies climate pact amid Trump fears

Related Stories

Australia ratifies climate pact amid Trump fears

November 10, 2016

Australia ratified the Paris climate agreement on Thursday, amid fears US president-elect Donald Trump could follow through on his pledge to "cancel" the landmark pact aimed at tackling global warming.

Burning fossil fuels poses existential threat to Earth

October 27, 2016

Burning coal for electricity is in decline, while the use of natural gas, solar and wind power are on the rise. But how close are we to creating a clean energy economy to help protect our planet from the impacts of climate ...

Major pension funds ask for climate change study

October 24, 2013

Some of the largest pension funds in the U.S. and the world are worried that major fossil fuel companies may not be as profitable in the future because of efforts to limit climate change, and they want details on how the ...

US climate pledges likely to go unmet: study

November 10, 2016

The United States will likely fail to meet its pledges under the landmark Paris climate pact to reduce greenhouse gas emissions, analysts said Thursday on the margin of UN climate talks.

Recommended for you

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.