WHEREAS, God created heaven and earth and everything therein and proclaimed it good (Gen 1:1ff); and God has entrusted humankind with the care of the earth (Gen 2:15); and
WHEREAS, the Evangelical Lutheran Church in America has adopted social policy statements, “Caring for Creation” (1993) and “Sufficient, Sustainable Livelihood” (1999) that call for economic and environmental justice, to protect the health and integrity of creation both for its own sake and for the use and enjoyment of present and future generations, and for economic justice, to consider how our actions affect the ability of all people to provide for their material needs and the needs of their families and communities; and
WHEREAS, in 1993 with the Caring for Creation social statement, we realized the urgency was already “widespread and serious, according to the preponderance of evidence from scientists worldwide [of] dangerous global warming, caused by the buildup of greenhouse gases, especially carbon dioxide” from the burning of fossil fuels, and that “action to counter degradation, especially within this decade, is essential to the future of our children and our children’s children. Time is very short;” and
WHEREAS, climate research is clear that there has been a rapid rise in the levels of carbon dioxide in the atmosphere, with current levels (400 ppm) the highest in the past probably 2,000,000 years. This increase has occurred most rapidly in the past 200 years during the worldwide Industrial Revolution;
WHEREAS, climate research is clear that burning fossil fuels is the major source of rising levels of carbon dioxide, negatively impacting our climate. Consequently, the use of fossil fuels must be dramatically reduced; and
WHEREAS, the most recent report by the U.N. Intergovernmental Panel on Climate Change claims continued greenhouse gas emissions will cause “long-lasting changes in all components of the climate system, increasing the likelihood of severe, pervasive and irreversible impacts for people and ecosystems;” and
WHEREAS, in “Caring for Creation,” the ELCA declares that we will seek to incorporate the principles of sufficiency and sustainability in our life. Consequently: “We will, in our budgeting and investment of church funds, demonstrate our care for creation;” and
WHEREAS in 1990 and 2007 the ELCA Church Council approved an Environmental Social Criteria Investment Screen that recommends limiting investments made in corporations which are the most egregious in terms of damage to human health or the natural environment and investing in corporations which are taking positive steps toward a sustainable environment; and
WHEREAS despite decades of shareholder engagement with fossil fuel companies, the industry continues to spend nearly $2 billion dollars a day searching for additional fossil fuel reserves and over half a million dollars a day lobbying governments for subsidies and support for further extraction; and
WHEREAS fossil fuel divestment can have a major influence on how society responds to climate change; and
WHEREAS the ELCA has historically divested during periods of great social need, including the movement to end apartheid in South Africa; and
WHEREAS by divesting from fossil fuels, the ELCA joins with faith partners such as the United Church of Christ and the World Council of Churches as well as large institutional investors such as Norway’s $850 billion Government Pension Fund Global and a growing list of colleges and universities, cities, religious institutions and foundations in the fastest growing divestment effort in history; and
WHEREAS, un-burnable carbon stored in fossil fuel reserves presents a material financial risk to investment funds that provide capital to these companies;
THEREFORE, BE IT RESOLVED, that the Upper Susquehanna Synod of the ELCA memorialize the 2016 Churchwide Assembly to call on the ELCA and its related institutions and entities, such as the ELCA Endowment Fund Pooled Trust – Fund A (hereinafter “Fund A”), the Mission Investment Fund, Portico Funds, colleges, seminaries, Social Ministry organizations, camps, synods, congregations and individual members to take leadership and make a public commitment to transition away from investments in fossil fuels to investments in clean, renewable energy sources as expeditiously as it is financially feasible to do so; and
BE IT FURTHER RESOLVED, that by December 31, 2016, the ELCA follow its published procedure titled Social Criteria Investment Screen Policies and Procedures Development to develop a social criteria investment screen designed to result in divestment of all fossil fuels investments held in Fund A, which includes prayerful consideration of the following recommended components:
a)Publication of a list of the values of all fossil fuel investments currently held in Fund A; and
b)Cessation of any new investments in fossil fuel companies with respect to Fund A; and
c)Ensuring that all securities of fossil fuel companies that are either direct holdings or holdings in commingled funds are removed from the portfolio of Fund A within five years; and
d)Publication of quarterly updates, available to the public, detailing progress towards divestment of Fund A as set forth herein; and
BE IT FURTHER RESOLVED that the Upper Susquehanna Synod memorialize the 2016 Churchwide Assembly of the ELCA, as part of the development of the new social criteria investment screen identified above, to direct the ELCA’s corporate social responsibility review team to consider and recommend to the executive director of the ELCA’s Congregational and Synodical Mission unit, for further review pursuant to the ELCA’s published procedure titled Social Criteria Investment Screen Policies and Procedures Development, the addition of a fossil-free investment fund that excludes the 200 largest fossil fuel companies as an option for ELCA retirement plan participants; and
BE IT FURTHER RESOLVED that this synod memorializes the 2016 Churchwide Assembly to urge members of the ELCA and its related institutions to exemplify personal and institutional responsibility by practicing energy conservation, purchasing more energy efficient appliances and vehicles, investing in renewable energy systems, and advocating at all levels of government for public policies that support clean, renewable energy sources.
The Rev. Dr. Leah Schade, Pastor, United in Christ Lutheran Church, Lewisburg, PA
The Buffalo Valley Conference of the Upper Susquehanna Synod Climate Change: The Evidence and Our Options, Lonnie Thompson, Ohio State University. Concentrations of carbon dioxide (CO2) and methane (CH4) over the last 800,000 years. Fig. 6, pg. 163. See http://researchnews.osu.edu/archive/TBA–LTonly.pdf. 2007 IPCC Working Group. “Atmospheric carbon dioxide (CO2) concentration has continued to increase and is now almost 100 ppm above its pre-industrial level.” See http://www.ipcc.ch/publications_and_data/ar4/wg1/en/ch7s7-es.html. EPA: Causes of Climate Change. “Since the Industrial Era began, humans have had an increasing effect on climate, particularly by adding billions of tons of heat-trapping greenhouse gases to the atmosphere.” See http://www.epa.gov/climatechange/science/causes.html.  NRC (2011). Climate Stabilization Targets: Emissions, Concentrations, and Impacts over Decades to Millennia. National Research Council. The National Academies Press, Washington, DC, USA. “Emissions of carbon dioxide from the burning of fossil fuels have ushered in a new epoch where human activities will largely determine the evolution of Earth’s climate.” NASA: Global Climate Change; Vital Signs of the Planet. “Humans have increased atmospheric CO2 concentration by a third since the Industrial Revolution began. This is the most important long-lived “forcing” of climate change.” “Over the last century the burning of fossil fuels like coal and oil has increased the concentration of atmospheric carbon dioxide (CO2).” See http://climate.nasa.gov/causes.
USGCRP (2009). Global Climate Change Impacts in the United States. Thomas R. Karl, Jerry M. Melillo, and Thomas C. Peterson (eds.). United States Global Change Research Program. Cambridge University Press, New York, NY, USA. “It is clear that impacts in the United States are already occurring and are projected to increase in the future, particularly if the concentration of heat-trapping greenhouse gases in the atmosphere continues to rise.” See http://books.google.com/books?hl=en&lr=&id=UCg7inA-HksC&oi=fnd&pg=PA13&dq=USGCRP+%282009%29.+Global+Climate+Change+Impacts+in+the+United+States&ots=uXe7HdVN2I&sig=3OcIArtThzaK sX5JwzBrWNEj59A#v=onep age&q&f=false. NOAA, USGS: Climate change impacts to U.S. coasts threaten public health, safety and economy Coastal Impacts, Adaptation, and Vulnerabilities: A Technical Input to the 2013 National Climate Assessment. “…the effects of climate change will continue to threaten the health and vitality of U.S. coastal communities’ social, economic and natural systems.” See http://www.noaanews.noaa.gov/stories2013/20130125_coastalclimateimpacts.html Intergovernmental Panel on Climate Change, Fifth Assessment Report (AR5), http://www.ipcc.ch/report/ar5.  ELCA Environment Screen: http://download.elca.org/ELCA%20Resource http://www.oxfam.org/sites/www.oxfam.org/files/file_attachments/bp191–fossil-fuels–finance-climate– change–171014-en.pdf.  Climate Change: Implications for Investors and Financial Institutions: Key Findings from the Intergovernmental Panel on Climate Change Fifth Assessment Report. http://www.unepfi.org/fileadmin/documents/IPCC_AR5__Implications_for_Investors__Briefing__WEB_EN.pdf  United Church of Christ: http://www.ucc.org/gs2013–fossil-fuel–divestment-vote.  World Council of Churches: http://www.oikoumene.org/en/resources/documents/central-committee/geneva– 2014/report–of–the–finance- policy- committee/@@download/file/GEN_FIN06_APPROVED_Report_Finance_Policy_Committee.pdf.  Article regarding Norway’s Government Pension Fund Global: http://www.theguardian.com/environment/2015/feb/05/worlds–biggest– sovereign-wealth–fund–dumps-dozens-of– coal–companies  This website lists the institutions that are committing to divest from fossil fuels: http://gofossilfree.org/commitments/  University of Oxford: http://www.smithschool.ox.ac.uk/research-programmes/stranded-assets/SAP-divestment- report-final.pdf.  Policy is accessible at: http://www.elca.org/Resources/Corporate-Responsibility.  ELCA Endowment Fund: http://download.elca.org/ELCA%20Resource http://gofossilfree.org/companies/. Source: Unburnable Carbon, The Carbon Tracker Institute; http://www.carbontracker.org/wp– content/uploads/2014/09/Unburnable-Carbon-Full-rev2–1.pdf.