Search Results: divestment

  • INTERNATIONAL

    Are Israel boycotts really anti-Semitic?

    • Na'ama Carlin
    • 14 February 2018
    11 Comments

    When New Zealand singer Lorde cancelled her 2018 concert in Israel, she joined the ranks of artists who boycott Israel to protest its occupation of Palestine. The Palestinian-led Boycott, Divestment, Sanctions movement is contentious in Israel/Palestine activist or Jewish circles, with some calling it anti-Semitic.

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  • ARTS AND CULTURE

    The inconvenience of being doomed

    • Megan Graham
    • 10 August 2017
    5 Comments

    'The evening news has become like a nature hike through the Book Of Revelations,' says Al Gore, the politician-cum-climate activist who made waves with his Oscar-winning 2006 documentary An Inconvenient Truth.

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  • ENVIRONMENT

    Leaders out of step with their faiths' climate teaching

    • Thea Ormerod
    • 17 November 2016
    9 Comments

    The evangelical Christian vote no doubt assisted the climate-denying Trump to his election victory, yet it is remarkable how out-of-step it is with the general view of faith communities globally. This view was made abundantly clear the day after Trump's victory on 10 November, with the release of an Interfaith Statement in Marrakech, Morocco, and it should stand as a challenge to those in public life who continue to block climate action.

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  • ENVIRONMENT

    Australian churches off the pace on clean energy switch

    • Thea Ormerod
    • 09 September 2016
    10 Comments

    With the grip of climate change tightening, few seem to understand the urgency of the crisis. This is why the announcement of over 3500 churches in the UK switching to clean power is so significant. At last, a solution presented by religious communities that matches the scale of the problem. They are providing the kind of leadership for the needed transition to an ecologically sustainable future. Unfortunately, one reason why it is so exciting is that we're nowhere near this in Australia.

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  • ENVIRONMENT

    Is your super doing dirty work?

    • Thea Ormerod
    • 21 June 2016
    4 Comments

    An accelerating number of institutions and individuals are moving their money out of planet-heating fossil fuels and into climate solutions. The total assets guided by some form of divestment policy was $3.4 trillion at 2 December last year, 50 times more than what was up for divestment 12 months earlier. It sounds like a lot, but it's a small amount compared to the $100 trillion-plus invested in the usual way. That's our money, in banks and super funds, managed funds and insurance companies.

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  • 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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  • 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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  • 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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