Many of us in the continental U.S. are suffering through extreme heat this week, as climate change threatens lives across the country and around the world. In that context, divesting from five of the worst offending fossil fuel multinationals may feel like a drop in an oil barrel. Indeed, in a statement released following the assembly’s action, FossilFree PCUSA noted, “we recognize that the time for urgent action is now and we lament that GA did not pass the visionary call to move toward categorical divestment. We will continue to hold our denomination to the highest standard of investing.”
Still, given where the assembly was when FossilFree PCUSA began organizing almost a decade ago, the action taken by this assembly felt like a significant shift. At the assembly in 2014, overture advocates supporting divestment spent a great deal of time trying to convince commissioners that climate change is real. The assembly no longer argues about the threat of climate change. Disagreements now are around strategies for responding to the threat.
The five companies the assembly agreed to divest from – Chevron, ExxonMobil, Marathon Petroleum, Phillips 66, and Valero Energy – shape much of the energy market globally and disproportionately influence energy and environmental policy, as well. ExxonMobil is the largest energy company in the U.S. and regularly among the 10 largest companies in the world. Chevron is the second largest energy company in the U.S.
The faithful work of many has brought the assembly to a deeper understanding of Jesus’ insistence that where our treasure is there are hearts shall also be. We celebrate this transformation. |
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