Search Results: fossil fuels

  • AUSTRALIA

    Fossil fuel divestment economics in line with morality

    • Michael Mullins
    • 01 June 2015
    3 Comments

    The Norwegian Parliament has just ordered its $A1.15 trillion Sovereign Wealth Fund to divest from coal. This represents the largest single divestment from fossil fuels in human history, and our biggest sign yet that the age of coal is over and the financial case for investing in fossil fuels is likely to disintegrate. Australia will crash and burn both economically and morally if we do not follow suit.

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  • The questionable good that our public policy serves

    • Elenie Poulos
    • 02 April 2015
    4 Comments

    Humans have always pursued wealth and the power it affords, but only relatively recently has the world itself become organised around the service of that wealth. The systems and structures which define the way our world works are financial, geared to the making of profit. They are global and buoyed by governments whose domestic and foreign policies ensure their support. ‘Social good’ and the ‘common good’ are assumed to be economic neoliberalism, and what’s in the ‘public interest’ is whatever advances the neoliberal economic agenda.  

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  • ENVIRONMENT

    Australia out of step with Pope's climate action mission

    • Thea Ormerod
    • 27 January 2015
    33 Comments

    It is no coincidence that Pope Francis chose to visit the Philippines before he releases his encyclical on the environment, and that he made a point of visiting Tacloban, which was ground zero for super typhoon Haiyan. This follows the recent UN climate talks in Lima, where Australian negotiators so regularly blocked consensus that they won us the 'colossal fossil' award for 2014 from environmental observers.       

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  • AUSTRALIA

    Don't let Vlad's side show distract from the G20's purpose

    • Michael Mullins
    • 17 November 2014
    10 Comments

    The Murdoch press was reporting on Friday that Australian warships had been dispatched to 'intercept' the Russian flotilla 'steaming towards the G20 summit in Brisbane'. Serious heads needed to prevail for the G20 to maintain its relevance and Australia its credentials to host important events that do not concern sport. The Brisbane G20 had an opportunity build on the climate change action momentum established at APEC, or yield to the new climate deniers who don't accept that renewable energy is also good for economic growth.

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  • RELIGION

    Which bishop is challenging the bank on fossil fuels?

    • Jill Sutton
    • 12 November 2014
    3 Comments

    There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity. 

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  • AUSTRALIA

    Weighing ANU's coal play

    • Andrew Hamilton
    • 30 October 2014
    11 Comments

    When the ANU sold its shares in coal companies recently, it received a mixed response. Critics said investment decisions should be made solely on financial grounds. But investing is done by human beings, who should be guided by their effects of their investment on other human beings, not simply by the profit it brings them. 

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  • AUSTRALIA

    Fossil fuels must be demonised

    • Michael Mullins
    • 01 September 2014
    26 Comments

    Prime minister Tony Abbott told an industry gathering in May that ’it’s particularly important that we do not demonise the coal industry’. Pope Francis is likely to do just that when he releases his new encyclical on humanity’s role in caring for the earth. 

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  • ENVIRONMENT

    The truth about Jonathan Moylan

    • Thea Ormerod
    • 30 July 2014
    18 Comments

    I am a grandmother of six, a practising Catholic and for some years was our local Catholic youth group mum. I was drawn to protest actions because other ways of protecting the future for my grandchildren were proving fruitless. Having stayed with the protesters and seen them in action, I have been impressed with their disciplined dedication to an ethic of peaceful non-violence. It is not 'violence' to frustrate mine workers and annoy the police.

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  • ENVIRONMENT

    Religious rebels rattle Big Coal's cage

    • Thea Ormerod
    • 19 March 2014
    14 Comments

    The arrest last week of three identifiably religious people drew attention again to Whitehaven's new coal mine site at Maules Creek, in northern NSW. Why did these people of faith feel it was time to put their bodies on the line? Simply put, when the law is fully harnessed to keep in place a system that many consider to be immoral, the most ethical action is peaceful, non-violent disobedience.

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  • ENVIRONMENT

    Coal hard facts for religious investors

    • Neil Ormerod
    • 11 February 2014
    12 Comments

    The international movement to divest from investment in fossil fuels is gathering momentum. Investors are starting to realise that as governments act to restrain fossil fuel consumption, fossil fuel companies will find their assets being written down. This is particularly pertinent to Australia, the second largest coal exporter. And it raises questions for Australian religious bodies about the prudent and moral use of their resources.

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  • ENVIRONMENT

    Climate denial tide is turning

    • Neil Ormerod
    • 04 November 2013
    47 Comments

    With the publication of the latest report from the Intergovernmental Panel on Climate Change (IPCC), the Los Angeles Times made the bold decision to no longer publish letters from climate change denialists saying climate change is a matter of fact, not opinion. While this might seem like a small victory, the more substantial issue on the horizon is the global campaign for divestment in the fossil fuel industry. As it gains momentum and fossil fuel companies will be forced to reassess the value of their assets.

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  • AUSTRALIA

    Australia falls for a fistful of fibs

    • Elenie Poulos
    • 17 July 2013
    52 Comments

    If there's one thing Bob Carr's recent comments on asylum seekers demonstrated it was that our politicians think they can say anything they want about 'boat people' and not be held to account. As a society we have been captured by the lies and easy phrases; our view of the world bears too little resemblance to the truth of it, and in this we are doomed to live small and impoverished lives.

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