Archive for Fossil fuel

Australian Jesuits divest from fossil fuels, support Flights for Forests for World Environment Day 2017

2017_05_31_Editorial_Photo1I have in the Province Office a few dot paintings.  One of them is by an Aboriginal artist who was instrumental in bringing the Walmajarri people back to their ancestral land I 1979, after a cattle station was established on it in the early twentieth century.

Italian Jesuits join largest Catholic divestment from fossil fuels

2017_05_15_Editorial_Photo1Ecojesuit shares this recent press release on the largest joint action of Catholic groups so far to divest from coal, oil, and gas investments, of which the Italian Jesuits was part.  Gianfranco Matarazzo, SJ, Provincial Father of the Italian Jesuits said: “I express the adhesion of the Italian province of the Society of Jesus to the divestment campaign.  With this adhesion, I announce the intention to start a more detailed process about the different ways of removing our investments from fossil, progressively within the next 5 years.”

Nine Catholic organizations from around the world announced on 10 May 2017 their decision to divest their portfolios from coal, oil and gas companies in the largest joint Catholic fossil fuel divestment to date.

Jesuit students want to be part of the broader, sustainable movement in fossil fuel divestment

2016_10_15_P&P_Photo1Anthony Rizzi

I am part of DIVEST Loyola and the Loyola Association of Students for Sustainability and when we worked together with different on-campus and off-campus organizations to create the first ever Earth Week celebration at Loyola New Orleans this year, I wondered how great it would be if all Jesuit institutions somehow worked together under one sustainable movement to encourage, empower, and educate each other for a greater change among our greater Jesuit community.

The University Should Divest from Fossil Fuels

IMG_3814-622x933In January of 2016, we, Fossil Free SCU, released a response letter criticizing the university’s decision to not remove its investments in commingled funds that include fossil fuel-extraction companies.

Although the university committed to a small number of new, sustainable investments, it made no commitments to reduce its stock in fossil fuels, nor offer any transparency on the school’s portfolio. Divestment, we argue, is crucial to Santa Clara’s mission for a more “just, humane and sustainable world.”

Why SCU Should Divest from Fossil Fuels: A Response from Fossil Free SCU

buck-fossil-fuelsDear Students, Faculty, Staff, Alumni, and other members of the Santa Clara University community,

In June of 2015, Michael Hindery, SCU’s Vice President for Finance & Administration, sent an email to all campus affiliates on the topic of fossil fuel divestment.  This letter formally laid out the administration’s stance on the issue for the first time.

For the past two and a half years, Fossil Free SCU has advocated for the immediate cessation of new investments in fossil fuel extraction companies and complete divestment from these corporations within five years. The fossil fuel industry perpetuates an oppressive system that marginalizes the poor and disenfranchised communities our Jesuit values call us to protect.

Papal Encyclical Heartens Proponents of Fossil-Fuel Divestment

19DIVEST-articleLargeThe word “divestment” is nowhere to be found in the nearly 200 pages of the papal encyclical released Thursday, but by addressing the threat of climate change in such a forceful way, Pope Francis is likely to add momentum to the movement by big institutions to sell holdings tied to fossil-fuel stocks.