DIVEST and INVEST?

by Don Fausel

At my age (eighty something) I’m not able to get out to participate in rallies that I think are worth wild. I still have signs in my closets like Elders for a Sustainable Future or Mr. President Veto Keystone XL that I carried outside of Senator John McCain’s office in Phoenix, Arizona, or on the corner of downtown Tempe, Arizona with a group of folks who hoped they could change President Obama’s mind. But in the last month or so I’ve been getting more and more emails with petitions for me to sign and of course to send money, though it’s not required. So one of the ways I feel I’m being an environmental activist now is by responding to petitions. Some days I answer six or more petitions on my computer. So in today’s blog I’d like to focus on Divest and Invest. Not because I have a lot of money that I can divest, or that I think you can divest, but the founders of Divest—Invest would certainly like to have more and more interested activists in divestment, and hope our petitions can make a difference.

Here is a website, What is Fossil Fuel Divestment?, that I found to be fairly straightforward to understand. And here are a few of their dictums:

  • Divestment is simply the opposite of investment. It means getting rid of stocks, bonds, or investment funds that are unethical or morally ambiguous.
  • Fossil fuel investments are a risk for both investors and the planet, so we are we’re calling on institutions to divest from these companies.
  • Only a decade ago, tobacco companies were seen as respectable partners for public institutions. That is no longer the case. It is our belief that that fossil fuel companies should be seen in the same light.
  • The public is rapidly coming to recognize that sponsorship programmers are means by which attention can be distracted from their impacts on human rights, the environment, and our global climate.

Where There’s a Will There’s a Way

It was back in June 2011 when a group of students and environment activists met at Wallace Global Fund to talk about what eventually would be a new proposal. “Why not launch a coal divestment campaign on the nation’s campuses, modeled loosely on the Anti-Apartheid Movement of the 1980s?” Actually the Anti-Apartheid Movement (AAM) was founded in 1960 to campaign for the abolition of apartheid. AAM grew out of the Boycott Movement which began in 1959. If you want to know more about AAM you can look at the movement above.

Within a year, divestment campaigns were in progress on fifty colleges and universities. Thanks to climate activist Bill McKibben, today, Divest-Invest have spread worldwide “…to become a full—fledged global movement, demanding divestment from fossil energy and investment in climate solutions.” It has brought hospitals, cities, pension funds, faith groups, foundations and individuals into climate activism. Before the United Nations Climate Summit in 2014, “…more than 800 institutions and individuals announced their commitments to divest from fossil fuels—for a total of over $52 billion in fossil—free  investments.”

Here is an outstanding TED TALK for 15 minutes titled: Divest-Invest & the Future of New Energy Solution by Jenna Nicolas on June 21, 2015. Judging from the applause from the audience, if you ignore Ms. Nicolas first line, she managed to get a lot of useful information across in short period of time.  I hope you agree!

In case you don’t like videos, here are several articles, all within the 2016-17. The first article is Assets Pledged to Fossil Divestment Surpass $5 Trillion Says New Report PR Newswire December 12, 2016. Notice the date! It starts off by saying: “The scope of global fossil fuel divestment has doubled over the last 15 months, with institutions and individuals controlling $5.197 trillion in assets pledging.” That’s correct; I said “trillion”!

Even before the UN Secretary—General Ban Ki-moon left his position he took time to say, “One year after the adoption of the historic Paris Climate Agreement, it’s clear that investors have a key role to play. I commend today’s announcement that a growing number of investors are backing as shift away from the most carbon intensive energy sources and into safe, sustainable energy. Investments in clean energy are the right thing to do—and the smart way to build prosperity for all, while protecting our planet and ensuring no one is left behind.”

Divest to Invest:The New Global Movement, by Marcia G. Yerman , 6/14/2016, The Huffington Post. The author of this article is concerned about herself and about us. Especially if we are also concerned about climate change, “…from college student to those planning for retirement is how to combine concern for the future of the planet with money issues, and economic safety.” She has the answer! She’s following the plan of Sen. Tom Udall (D-NM). He wants us to use the same procedures that the World War II Bonds . Unfortunately, Sen. Udall’s amendment to the Energy Policy Modernization Act of 2016 did not pass. On last April 19 a “…vote tally of 50 yes and 47 no fell short of the requisite 62 votes needed for passage.”

But Ms.Yerman isn’t quitting. After giving us some people who are divesting like Prince Charles, the Rockefeller Fund, and Leonardo Di Caprio, the rest of her article shows us a “A good place to start learning about options is at Divest-Invest . They have an extremely robust website with information geared to different groups including individuals.” Check it out!

Just one more article! This one is by Lorraine Chow, and it’s dated January 12, 2017 Exxon Ordered to Fork Over 40 Years of Climate Change . All I’m going to say isExxonMobil was dealt a major blow when after a Massachusetts judge ordered the company to hand in more than 40 years of climate research.” Interesting, Rex Tillerson worked for 42 years at Exxon as an executive, and now the Senate Foreign Relations Committee on Monday approved his nomination. We shall see what we shall see!

Shalom.

Elders for a Sustainable Future

By Don Fausel

Before moving forward in my plan to focus on climate change, I want to share my experience with the Elders for a Sustainable Future. The Elders were founded on the Beatitudes Campus, which is a faith base community in Phoenix Arizona “…that offers a wide spectrum of services for older people. Our heritage of Christian hospitality calls us to welcome people of all faith traditions and commits us to a model of wellness and promoted soundness of mind, spirit and body.” This year the campus is celebrating its 50th Year since it was founded under The Rev. Dr. Culver Nelson who was then pastor of what is now Church of the Beatitudes, United Church of Christ.

The Beatitudes Campus has given its Elders an opportunity to follow the title of Dr. James Hansen’s book Storms of My Grandchildren: the Truth about the Coming Climate Catastrophe and Our Last Chance to Save Humanity in a similar but smaller way.

The Elders meet twice a month on the second and fourth Saturdays to discuss articles on climate change and global warming. We also have over fifty members and friends on our e-mail list that receive monthly articles of interest. Although our title suggests that we focus on the sustainability of the future, we are also concerned with the here and now, since that has an effect on the future. If you are in Phoenix, you might see us marching in a rally in front of the State Legislature building with our Elders’ flags flowing in the wind, or one of our letters to the editors in the local newspaper, or our support for an article on solar energy that appeared in the paper that agreed with the 97% of the scientists who agreed with the article.

STEWARDSHIP for OUR PLANET

I believe that the Elders are some of many Stewards of our planet. I believe that each of us has a responsibility, up to our own ability, to learn everything we can about climate change and global warming so we can be part of the solution, not necessarily as a scientist but as followers of Jesus. I believe Jesus would be leading the way to save Mother Earth, if his earthly ministry was during the 21st century.  I believe that Elders are Change Makers—who can lead by example, creating positive change and inspiring others to do the same.

The more I read and researched the faith communities involvement as advocates for saving our planet, the more I was impressed and encouraged by how much impact their commitment has had locally, nationally and internationally. It became apparent to me that scientists cannot make changes in climate change all alone. The scientists supply the empirical data on which we base our judgments as to whether or not our earth is in peril, and if we are responsible for its condition. The faith-based leaders provide the theological underpinnings based on beliefs that we are stewards of creation.

Another surprise for me was that despite the diverse traditions and beliefs the major religious communities have, they are able to work together on the common concerns for our planet. Abortion, gay marriages, contraception, etc. all seem to pale in comparison to their mutual responsibility for the future of Mother Earth.

CLIMATE CHANGE, GLOBAL WARMING AND GREENHOUSE GASES?

Just so we’re all on the same page, here are some brief definitions of major terms that are often confusing. First, Climate Change and Global Warming are the terms that are often used interchangeably; however Climate Change and Global Warming are two different phenomena. One thing that they hold in common is that they both are causing drastic changes to our planet. Climate Change is the change of the world, which occurs over a long period of time. Global warming is the rise in the average temperature of the atmosphere surrounding the Earth. Most scientists agree that Global Warming and Climate Change are a threat for every living thing on earth.

Then there is the Greenhouse Effect, which is the earth’s climate caused by accumulation of solar heat in the earth’s surface and atmosphere. Human activity contributes by increasing amounts of greenhouse gases, such as carbon dioxide, methane, and chlorofluorocarbon, to the atmosphere back into space. The deniers believe that human activity doesn’t contribute to the atmosphere and is a “hoax”! You might want to acquire some scientific information from an article entitled The Connection Between Greenhouse Gases, Climate Change and Global Warming.

Or even better, an article I just discovered two days ago, Human-Induced Climate Change Began Earlier Than Previously Thought…  I intend to spend more time in a future blog on deniers, but for now let me quote one sentence from this article.  “The first signs of warming from the rise in greenhouse gases which came hand-in-hand with the Industrial Revolution appear as early as 1830 in the tropical oceans and the Arctic, meaning that climate change witnessed today began 180 years ago.” I hope that the current deniers, Donald J. Trump for one, are able to open their eyes and join the majority of scientists who recognize that greenhouse gases are from human activity and that it is being contributed in increasing amount.

Here are two TED Talks that might be helpful in digesting my brief explanation. The first Talk,  Explaining the Greenhouse Effect was created by Laura Horton. It’s only three minutes long, but at the end it has a little quiz to see if you passed her exam. Only you will know!

The second Talk is by Lord Nicholas Stern, titled The State of the Climate and What We Can Do About It. Lord Stern believes “The world as a whole is moving too slowly. We’re not cutting emissions in a way we should. We’re not managing those structural transformations as we can. The depth of understanding of the attractiveness we can do is not there yet. We need political pressure to build. We need leaders to step up.” AMEN to that! To get to this Talk you need to scroll down to the eighth presentation. You might even be interested on some of the other Talks.

One last thought. If you think becoming an Elder for a Sustainable Future is too difficult, consider St. Patrick’s Grammar School in Chatham, New Jersey and their Environment Club, whose president was a fifth-grader, William Brockman. To make a long story short, I just want to quote President Brockman’s wise words:

“There‘s so much we can do to save the planet. At St. Patrick’s we are learning as much as possible. We are environmentally aware. We need to conserve energy and our non-renewable resources. God has gifted us with the earth. We must do something to protect it.” Thank you President Brockman.

Shalom!

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