Archive for 2. Energy and Fossil Fuel Divestment

“The EU will not relent in its effort to implement the Paris Agreement”

Interview with Miguel Arias Cañete, Commissioner for Climate Action, a few months ahead of the COP24 meeting in Katowice. There has been a lot of talks about the last COP23 meeting in Bonn. Regarding the Paris agreement, many issues remained unsaid. What are the main concerns for the European Union? The last COP in Bonn was particularly difficult because it was the first meeting following President Donald Trump’s announcement of his intention to abandon the Paris Agreement. However, it was also a good opportunity to confirm the commitment of the rest of the countries to the Agreement and their willingness to move forward with its implementation as soon as possible.

Pope’s climate warning to oil and gas executives: ‘There is no time to lose’

Challenging world oil executives to recognize the urgent environmental need to quickly transition from fossil fuel extraction and burning, to clean energy production, Pope Francis called them to take to heart that “civilization requires energy, but energy must not destroy civilization.”

Ecojesuit urges Jesuits and friends to invest in creation

Ecology and Jesuits in Communication (Ecojesuit) is urging Jesuit institutions to commit to making ethical investments.  Divestment is one strategy that “can give the social apostolate a critical focus and a greater ability to enable others, including the Church, to participate in being the occasion for change,” says Fr Pedro Walpole SJ, Coordinator of the global Jesuit network for Ecology and Research Director at the Environmental Science for Social Change within the Philippine Jesuit Province, in a video on Ecojesuit.

Pope urges top oil executives to convert to clean fuel

Addressing some 40 participants in a Vatican conference dedicated to “Energy Transition and Care for our Common Home”,  Pope Francis said “civilization requires energy but energy use must not destroy civilization”.

The environment most vulnerable as globe warms

With World Environment Day falling this week (June 5) and World Oceans Day on June 8, there is little need for ever more ferocious storms, forest fires and flooding to remind us of the planet’s vulnerability in the face of increasing carbon in the atmosphere. A new report from a group of scientists in China suggests the Paris Agreement’s 2°C increase in the earth’s temperature on pre-industrial levels will soon be swamped with projections it will rise to double this figure before the end of the 21st century.

Divestment: Investing in Creation – Video

Movements to divest from fossil fuel investments in different parts of the world is gaining momentum. With 70 percent of the carbon driving climate change coming from the use of fossil fuels globally and sustained by 90 corporate and state entities.