By Rick Jones, Presbyterian News Service. The Synod of the Northeast of the Presbyterian Church (USA) has voted to take immediate steps to divest from the fossil fuel industry. Expressing concern about the impact of climate change on God’s creation, commissioners of the regional body say they are compelled to take action.
“The Presbyteries in the Synod of the Northeast have been heavily involved in the divestment debate at the last two General Assemblies,” said Sue Smith, ruling elder commissioner with the Presbytery of Monmouth and resolution co-author. “One third of the Synod’s presbyteries have been involved in this effort so there is clearly an interest for divesting from fossil fuels.”
Among the Synod’s recommendations:
- Immediately stop new direct investment in fossil fuel companies
- Work with asset managers to divest the Synod’s assets including holdings of equities or corporate bonds in fossil fuel companies
- Work with current/prospective asset managers to develop and implement institutional fossil free investment options
- Actively seek out and invest in renewable and energy efficiency related securities