"We need to loosen the grip that coal, oil and gas companies have on our government and financial markets, so that we have a chance of living on a planet that looks something like the one we live on now," according to 350.org's Fossil Free campaign. "It's time to go right at the root of the problem — the fossil fuel companies themselves — and make sure they hear us in terms they might understand, like their share price."
In keeping with the UU Seventh Principle — "respect for the interdependent web of all existence of which we are a part" — the Unitarian Universalist Association adopted an Action of Immediate Witness to consider divestment from the fossil fuel industry in the 2013 UUA General Assembly.
Unitarian Universalists for Fossil Fuel Divestment and Sustainable Reinvestment have been doing just that. They have put together a detailed proposal for the UUA to:
- Divest from 200 companies identified by the Carbon Tracker Initiative as controlling the largest shares of fossil fuel reserves, and
- Reinvest in securities that will support the transition from fossil fuels to clean, renewable energy and energy efficiency.
So far, 25 UU congregations have submitted petition signatures in support of the proposal. A minimum of 250 signatures from 25 congregations is required to put fossil fuel divestment on the agenda for the 2014 UUA General Assembly.
The deadline to submit petition signatures is January 15, 2014. Click here for instructions on gathering signatures in your congregation.