Doctrine of Discovery
TransAtlantic

Divestment

Last week during General Synod, the United Church of Christ voted to begin a process of divesting from fossil fuels.  The Washington Post covers the story here.  

The original resolution called for immediate divestment, and I did not support it.  My reservations were

  • Many members of the United Church of Christ, including friends, family, and church members of mine, work for fossil fuel companies or receive royalties for oil and gas.  
  • A place like Oklahoma would be even poorer and more backward without the profits from fossil fuel companies, jeopardizing other of our social justice aims.
  • The best fossil fuel companies view themselves as energy companies and are the institutions with the resources and position to invest in sustainable and alternative energy.
  • I also thought we need to start a conversation, not make a final judgement.
The compromise resoultion, which passed, I could support.  It was worked out with United Church Funds and the Pension Board and called for aggressive action by UCC investors, including requiring us to bring resolutions to shareholder meetings.  It does begin a conversation, takes gradual steps, and allows for investments to remain in energy companies that are "best in class."  It was also a great example of democratic compromise (Congress, take note).

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