by: Rabbi Michael Lerner on May 8th, 2014 | Comments Off
Through the years we’ve published many articles in Tikkun from Bill McKibben, perhaps the most respected activist-environmentalist. McKibben founded 350.org to highlight the dangers we face now that we are far past the largest amount of carbon that can be sustained by the planet (350 ppm). The abbreviation “ppm” stands for “parts per million,” which is simply a way of measuring the ratio of carbon dioxide molecules to all other molecules in the atmosphere. Many scientists, climate experts, and progressive national governments agree with Dr. Hansen that 350 ppm is the highest “safe” level of carbon dioxide. We join McKibben in recognizing the current environmental crisis as an emergency.
Scroll down to read McKibben’s suggestion of one action that Tikkun readers, NSP members, and our allies can take in the face of this emergency: a massive demonstration challenging global warming.
Below McKibben’s note, I have also included my own response to his suggestions, along with an explanation of the NSP’s longer-term strategy on climate change. Please share this whole exchange on your website, on your Facebook page, and through other social media, and send it to everyone you know!
Divest from Fossil Fuels: A Note from Bill McKibben to Tikkun readers, members of the Network of Spiritual Progressives, and our friends and allies
Tikkun readers don’t need my financial advice – I’m not exactly a stock market guru. Still, I did write the first book for a general audience on climate change (way back in 1989), and I did found the first big grassroots climate campaign (350.org), so perhaps I can make a few observations about why the fossil fuel divestment effort has become the fastest-growing effort of its kind in history, according to Oxford University. And about why we need your congregations, your colleges, and your cities to join in this effort.
1) The fossil fuel companies aren’t normal companies. In the last few years we’ve come to understand that they have five times as much carbon in their reserves as we can safely burn if the world is to meet its agreed climate target of limiting rises in temperature to below 2 degrees. That is to say, if they carry out their business plan, the planet tanks. There’s no longer any real dispute about this – everyone right up to the World Bank has confirmed the math.
2) What this means in turn is that if you hold these stocks you in effect are wagering that the planet will do nothing to limit climate change. If we tried as a world to meet that two-degree limit – if we followed the principles put forth by all our leading religious and scientific bodies on this issue – the value of these stocks would plummet. HSBC, the world’s second-biggest bank, found that the values of these stocks would be cut in half by effective climate action.