Fossil Fuel divestment

[Mendalla]

What do people think of the movement to divest from fossil fuels? The Unitarian Universalist Association voted to do it at their general assembly a few weeks back (this is only binding on the UUA itself, each congregation will have to make its own decision as well) and the Canadian Unitarian Council did it a couple years ago. I saw via the UCCan Twitter feed that the World Council of Churches has done so. I'm thinking that the UCCan has done so as well but I don't have a cite for it.

Is this a good move towards encouraging the movement away from fossil fuels or are we just cutting ourselves off from a lucrative investment while putting more shares on the market for those who are into making money at any cost?

 

[Mendalla]

And no, I don't really have an opinion on it at this point. I'm still thinking it through.

 

[jimkenney12]

It makes sense if the funds that were invested in fossil fuels are invested in alternative energy sources or conservation.