As major challenges for the global economy are predicted in the wake of the coronavirus pandemic, a diverse group of faith institutions is putting the call for a just economic recovery into practice.
Forty-two faith institutions from 14 countries recently announced their divestment from fossil fuels, the largest ever divestment of its kind. It comes from institutions in Argentina, Australia, Bangladesh, Brazil, Colombia, Ecuador, Indonesia, Ireland, Italy, Kenya, Myanmar, Spain, the UK, and the United States.
As governments around the world make substantial investments in an economic recovery, faith communities urge them to think long term and focus on a recovery that is low-carbon and just.
Mark Campanale, founder and executive chair of Carbon Tracker, an independent think tank that analyzes the financial impact of an energy transition, said, “A comprehensive economic recovery means taking the long view, investing now in infrastructure that will serve communities for years to come. Fossil fuels do not have a place in the long-term health of humanity. Faith institutions’ commitment to create a better world is leadership that governments should follow.”
A full list of the 42 institutions divesting from fossil fuels and statements from leaders can be found here.
You can read more on the topic: oikumene.org