Did you know that Canadian Friends Service Committee (Quakers) is 100% fossil fuel industry free (as defined by 350.org) with our investments? And our ethical investments have consistently performed well too!
We’ve just joined other Canadian churches with total assets under management of $2 billion, to call on Canada to set a clear, reliable and effective price for carbon emissions. This is just one small component of a comprehensive strategy Canada must urgently adopt to help prevent run-away climate change.
In December, nations from around the world will meet to negotiate an agreement on climate action and Canada’s Finance Minister is presenting the federal budget later this month. Now is the time to set the carbon pricing wheels in motion.
The opportunity for governments to take action on climate change is both a moral concern and a financial one. It’s not a matter of choosing between the economy and the environment, it’s about acting to protect both.
The joint letter was faciliated by SHARE (Shareholder Association for Research and Education), which provides CFSC with responsible investment services. SHARE advises institutional investors on the development and implementation of responsible investment practices.
See the joint Quaker statement Facing the Challenge of Climate Change for more about CFSC’s thinking on this critical topic.