Church of Scotland to debate how fast to divest from fossil fuels

The Church of Scotland will debate on Wednesday just how far and fast the Kirk should go in divesting from companies driving climate change.

Officials have put forward a motion to the Church of Scotland General Assembly which says that, following an assessment, the Church should begin to divest from fossil fuel companies in 2020. The accompanying report says: “It is deeply uncomfortable for the church, as a caring organisation concerned about climate justice, to continue to invest in something which causes the very harm it seeks to alleviate.”

However a grassroots motion will say the Church should begin divesting now.

The Reverend Jenny Adams supports more urgent action and has proposed a counter-motion to “withdraw from investing within two years.”

The Church agreed in 2016 to engage with oil and gas companies for a two year period to see if they were taking sufficient action on climate change.  That period is now over.

The Reverend Adams commented:

“While I understand the Church wanting to change minds in the oil and gas industry, we have already given 2 years to engagement. With evidence of increased production, at a time when fossil fuels must stay in the ground to avoid climate catastrophe, we must now put our money where our mouth is and withdraw investments urgently.”

The Church’s investment fund is believed to be valued at £443 million.

Ric Lander, Friends of the Earth Scotland said:

“Oil companies like BP and Shell have made business plans that will create catastrophic changes to our environment. They are expanding their operations while scientists tell us that the vast majority of existing fossil fuel reserves can’t be used. The pace of the climate crisis demands urgent action, the Church should begin divesting now.”

Within the last month, a group of Catholic organisations with combined investments of over €7 billion, including SCIAF in Scotland, committed to withdraw their investments from fossil fuel companies. The Church of Ireland also committed to end its investments in all fossil fuels less than two weeks ago.

James Buchanan, who works on Operation Noah’s Bright Now divestment campaign, said:

“Despite years of engagement with the fossil fuel industry, there are few signs that oil and gas companies are preparing for the transition to a net zero carbon future, which is essential if we are to meet the Paris Agreement goals. The Church of Scotland should join the Church of Ireland, the Church of Sweden and the United Reformed Church of Scotland in committing to full divestment from fossil fuels.”

On 19 April the Moderator of the Church of Scotland, the Right Rev Dr Derek Browning, joined other faith leaders in Scotland to call for the Scottish Government to make its forthcoming Climate Change Bill more ambitious.

Scotland’s campaign to divest from fossil fuels was launched in the Church of Scotland’s General Assembly Hall in 2013 at an event with US author and environmentalist Bill McKibben. Since then eight Scottish institutions have committed to fully divest from fossil fuels, including the Universities of Edinburgh and Glasgow, and the United Reformed Church Synod of Scotland.

This week brings significant attention to fossil fuel companies. On Monday the BP AGM in Manchester faced protests over the company’s operations in Argentina and Colombia. On Tuesday the Shell AGM in the Hague will face protests connected with legal action being taken by thousands of people in the Netherlands regarding the company’s contribution to climate change.

 

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