Skip to main content

Common Dreams. Journalism funded by people, not corporations.

There has never been—and never will be—an advertisement on our site except for this one: without readers like you supporting our work, we wouldn't exist.

No corporate influence. No pay-wall. Independent news and opinion 365 days a year that is freely available to all and funded by those who support our mission: To inform. To inspire. To ignite change for the common good.

Our mission is clear. Our model is simple. If you can, please support our Fall Campaign today.

Support Our Work -- No corporate influence. No pay-wall. Independent news funded by those who support our mission: To inform. To inspire. To ignite change for the common good. Please support our Fall Campaign today.

An Extinction Rebellion protester holds up a placard saying "Divest from climate change" as they block the roads outside the Bank of England on October 14, 2019 in London, England. (Photo: John Keeble/Getty Images)

An Extinction Rebellion protester holds up a placard saying "Divest from climate change" as they block the roads outside the Bank of England on October 14, 2019 in London, England. (Photo: John Keeble/Getty Images)

'Huge News': Nearly Four Dozen Faith Institutions Announce Divestment From Fossil Fuels

"While government leaders cling to the economic models of yesterday, faith leaders are looking ahead to the energy future we share."

Julia Conley

Climate action campaigners applauded Monday after 47 faith institutions from 21 countries announced they would divest from fossil fuels, marking the largest-ever joint divestment by religious leaders in history. 

Bill McKibben, co-founder of 350.org, gave credit to campaigners in the fossil fuel divestment movement, who in recent years have pressured banks, universities, and other entities to cut financial ties with the fossil fuel sector in an effort to help mitigate the planetary emergency.

"While government leaders cling to the economic models of yesterday, faith leaders are looking ahead to the energy future we share," said 350.org, noting that the G20 summit is set to begin this coming weekend under Saudi Arabia's leadership, two months after G20 energy ministers released a statement rubber-stamping fossil fuel bailouts amid the coronavirus pandemic.

"With renewables now growing at a faster pace than fossil fuels," the group noted, "institutional investors are increasingly moving toward sustainable investments in the clean energy economy. Faith investors help lead this movement, constituting the single-largest source of divestment in the world, making up one-third of all commitments. To date, nearly 400 religious institutions have committed to divest."

The institutions which announced their divestment include the Commission of the Bishops' Conferences of the European Union, Irish religious order the Sisters of Our Lady Apostles, the American Jewish World Service, and the Claretian Missionaries in Sri Lanka. Catholic, Protestant, and Jewish organizations joined the coalition. 

"Today's announcement demonstrates that people of many faith traditions are committed to a better future in clean energy," 350.org said in a statement, noting that under Pope Francis, the Catholic Church has gone to new lengths to end its own participation in the polluting of the Earth. 

The Pope is convening an "Economy of Francesco" conference beginning on Thursday, at which leaders and young climate action campaigners will discuss ways for the Church to help develop a sustainable world economy. 

"The economic power of faiths, turned to responsible investments and the green economy, can be a major driver of positive change, and an inspiration to others, as we rebuild better," said Inger Andersen, executive director of the U.N. Environment Program and under secretary-general of the United Nations.

The American Jewish World Service said it had decided to divest from fossil fuels earlier this year. 

The decision allows the organization, CEO Robert Bank said, to "align fully how we invest our funds with our global grantmaking to combat climate change and secure climate justice for the most vulnerable people in the world, ensuring that we live our Jewish values and take up our enduring commitment to repair our broken world."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Latest UN Climate Report Delivers 'Another Thundering Wake-Up Call'

"Climate change is no longer a future problem. It is a now problem," said the UNEP executive director. "The clock is ticking loudly."

Jessica Corbett ·


Climate Movement Hails 'Mind-Blowing' $40 Trillion in Fossil Fuel Divestment Pledges

"Institutions around the world must step up now and commit to joining the divest-invest movement before it is too late—for them, for the economy, and for the world."

Brett Wilkins ·


'Really Fantastic': Europe's Largest Pension Fund Announces Fossil Fuel Divestment

It's "a huge victory for the climate, human rights, and all life on Earth," said one activist.

Andrea Germanos ·


Senate Urged to Quickly Confirm Net Neutrality Advocates to FCC Posts

The White House was expected to announce the nominations of acting chair Jessica Rosenworcel and Gigi Sohn.

Julia Conley ·


'A Political Scam, Not a Serious Plan': Groups Blast Australia Climate Pledge

"If Morrison expects to front up to COP 26 with this sorry excuse for a net-zero emissions target and no increase in formal ambition on Australia's 2030 target, he'll be laughed out of the room."

Andrea Germanos ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo