Divestment

UNION THEOLOGICAL SEMINARY IN THE CITY OF NEW YORK VOTES UNANIMOUSLY TO DIVEST FROM FOSSIL FUELS
Read Union President Serene Jones’ full statement at TIME Magazine’s website: http://time.com/2853203/union-fossil-fuels/
NEW YORK, NY — June 10, 2014 — The trustees of Union Theological Seminary in the City of New York today voted unanimously to begin divesting fossil fuels from the school’s entire $108.4 million endowment, becoming the world’s first seminary to take this dramatic step in the fight against global climate change.
“Scripture tells us that all of the world is God’s precious creation, and our place within it is to care for and respect the health of the whole,” said Union President Serene Jones. “As a seminary dedicated to social justice, we have a critical call to live out our values in the world. Climate change poses a catastrophic threat, and as stewards of God’s creation we simply must act.”
With the United Nation’s Climate Summit just a few months away, Union’s decision to divest comes at a key moment and reflects a growing concern among faith communities about the dangers of climate change. Dozens of churches around the world, from Anglicans in New Zealand to Quakers in the United Kingdom, have divested their holdings. The United Church of Christ of Massachusetts and Minnesota, the Episcopal Diocese of Massachusetts, the Evangelical Lutheran Church of Oregon, the Maine Council of Churches, and others have all supported divestment.
“Union is the cradle of progressive Protestantism in the US, so I expect this decision will have a major impact,” said Bill McKibben, president

http://utsnyc.edu/divestment/

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