The leaders of the world’s religious communities signed a petition to the sovereign and pension funds with a request to withdraw investments in fossil fuels and invest in renewable energy. The document was signed on Thursday, November 10, in the former capital of Morocco Marrakech, where the 22nd world conference of the UN on climate change (COP-22), according to the environmental organization GreenFaith.
The call was supported by the leader of Tibetan Buddhists, the Dalai Lama, Nobel peace prize laureate Anglican Archbishop Emeritus of Cape town Desmond tutu and the Catholic Archbishop Marcelo Sanchez, Sorando, General Secretary of the world Council of churches Olav Tveit the Fix and about 200 religious leaders.
In addition, Islamic society of North America (ISNA) has promised to stop investing funds in companies involved in fossil fuel extraction, and to encourage other related organisations to do the same. “This is the first in the history of the announcement of the cessation of investment in fossil fuels received from Muslim institutions,” – said in a press release.
The report notes that national and private investment funds have invested trillions of dollars in fossil resources and other sectors related to oil, gas, coal.
Climate conference in Marrakech, which takes place from 7 to 18 November, aims to develop specific measures to implement the provisions of the Paris climate agreement, which was signed on 12 December 2015 in France and entered into force on 4 November of the current year. It should replace the Kyoto Protocol, the validity of which will expire in 2020, and will regulate the emissions of harmful gases in order to slow the rate of global warming.