Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Unitarians Go Fossil Fuel Free With Divestment Resolution

Energy

Following in the footsteps of the University of Dayton, the first Catholic school to divest from fossil fuels, the Unitarian Universalist Association (UUA) announced Saturday its resolution to do the same. 

Image courtesy of 350.org

The faith-based organization of more than 1,000 congregations has about 2.9 percent of their $175 million investment dollars in fossil fuel companies under their UUA Common Endowment Fund (UUCEF), according to the Providence Journal. Saturday's vote was overwhelmingly in favor of divestment. 

“We are encouraged that the UUA can continue its longstanding successes in shareholder advocacy while helping to lead the divestment movement with the approval of today’s fossil fuel divestment resolution,” said David Stewart, co-chair of the UUA’s socially responsible investing committee. “We believe strongly that any effort that can change the current trajectory of climate change is a welcome improvement.”

Bill McKibben, founder of 350.org, tweeted his enthusiasm and appreciation over the weekend:

The resolution requires the UUA to:

  • Cease purchasing securities of Carbon Tracker 200 (CT200) companies as UUCEF investments immediately.

  • Continue to divest its UUCEF holdings of directly held securities of CT200 companies, reaching full divestment of these companies within five years.

  • Work with its current and prospective pooled-asset managers for the purpose of creating more fossil fuel-free investment opportunities, with the objective of full divestment of UUCEF indirect holdings in CT200 companies within five years.

  • Invest an appropriate share of UUCEF holdings in securities that will support a swift transition to a clean energy economy, such as renewable energy and energy efficiency-related securities.

“We, private citizens and the private and nonprofit sectors, need to take matters into our own hands and use every strategy we can to convince the government and public at large of our planetary emergency, and that we must act now,” said Terry Wiggins, a leader in pushing through the divestment decision. 

According to the UUA, the organization has a long-standing history of activism in environmental justice. Most recently, the UUA has supported the new U.S. Environmental Protection Agency limits on carbon emissions for new and existing power plants, as well as worked to increase transparency in the executive office of Chevron Corp.

 

EcoWatch Daily Newsletter

By Samantha Hepburn

In the expansion of its iron ore mine in Western Pilbara, Rio Tinto blasted the Juukan Gorge 1 and 2 — Aboriginal rock shelters dating back 46,000 years. These sites had deep historical and cultural significance.

Read More Show Less
Meadow Lake wind farm in Indiana. Anthony / CC BY-ND 2.0

By Tara Lohan

The first official tallies are in: Coronavirus-related shutdowns helped slash daily global emissions of carbon dioxide by 14 percent in April. But the drop won't last, and experts estimate that annual emissions of the greenhouse gas are likely to fall only about 7 percent this year.

Read More Show Less
Andrey Nikitin / iStock / Getty Images Plus

By Adrienne Santos-Longhurst

Plants are awesome. They brighten up your space and give you a living thing you can talk to when there are no humans in sight.

Turns out, having enough of the right plants can also add moisture (aka humidify) indoor air, which can have a ton of health benefits.

Read More Show Less
A bald eagle chick inside a nest in Rutland, Massachusetts. Massachusetts Division of Fisheries and Wildlife
A bald eagle nest with eggs has been discovered in Cape Cod for the first time in 115 years, according to the Massachusetts Division of Fisheries and Wildlife (Mass Wildlife), as Newsweek reported.
Read More Show Less
The office of Rover.com sits empty with employees working from home due to the coronavirus pandemic on March 12 in Seattle, Washington. John Moore / Getty Images

The office may never look the same again. And the investment it will take to protect employees may force many companies to go completely remote. That's after the Centers for Disease Control and Prevention (CDC) issued new recommendations for how workers can return to the office safely.

Read More Show Less
Frederic Edwin Church's The Icebergs reveal their danger as a crush vessel is in the foreground of an iceberg strewn sea, 1860. Buyenlarge / Getty Images

Scientists and art historians are studying art for signs of climate change and to better understand the ways Western culture's relationship to nature has been altered by it, according to the BBC.

Read More Show Less

Trending

Esben Østergaard, co-founder of Lifeline Robotics and Universal Robots, takes a swab in the World's First Automatic Swab Robot, developed with Thiusius Rajeeth Savarimuthu, professor at the Maersk Mc-Kinney Moller Institute at The University of Southern Denmark. The University of Southern Denmark

By Richard Connor

The University of Southern Denmark on Wednesday announced that its researchers have developed the world's first fully automatic robot capable of carrying out throat swabs for COVID-19.

Read More Show Less