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Operation Noah welcomes major divestment commitments

Posted in: News
Date posted: 22 September 2015

Press release, 22nd September 2015: Operation Noah, the Christian climate change charity, has welcomed the news announced today that the global movement to divest assets from fossil fuels has crossed the trillion-dollar threshold.

At a news conference in New York today, speakers including Christiana Figueres, Executive Secretary of the UNFCCC, and Rev. Fletcher Harper, Executive Director of GreenFaith, announced major new divestment commitments, along with a growing number of commitments to invest in clean energy alternatives. The announcement comes on the eve of the United Nations Sustainable Development Summit 2015 in New York.

Mark Letcher, Co Vice-Chair of Operation Noah, who leads the charity’s divestment campaign, Bright Now, commented: ‘This is excellent news for all of us in the divestment movement and shows that this is a growing movement worldwide.

‘Here in the UK, we are actively encouraging faith investors to reinvest in renewables. We hope that the Anglican and Methodist churches in the UK will continue on the path of divestment and reconsider their engagement with oil companies.’

Operation Noah is one of the key campaigners on disinvestment within the faith communities in the UK. Along with Quaker Peace and Social Witness, it is holding a conference on 17 October looking at how money can be disinvested from fossil fuels and redirected into positive, sustainable investments.

Operation Noah’s Bright Now campaign has produced a new report ‘Otherwise Engaged’, questioning whether church engagement with fossil fuel companies is working, or whether they should instead disinvest.

Update (23 September):

Additional comment from Operation Noah on the announcement is available on the Bright Now blog.

 

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