In ‘Symbolically Charged Move,’ a Record Faith-Based Fossil-Fuel Divestment by Investors With $5.5 Trillion in Assets

first_img FacebookTwitterLinkedInEmailPrint分享The Guardian:More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi.The sum involved has not been disclosed but the volume of divesting groups is four times higher than a previous church record, and adds to a global divestment movement, led by investors worth $5.5tn.Church institutions joining the action include the Archdiocese of Cape Town, the Episcopal Conference of Belgium and the diocese of Assisi-Nocera Umbra-Gualdo Tadino, the spiritual home of the world’s Franciscan brothers.A spokesman for the €4.5bn German Church bank and Catholic relief organisation Caritas said that it was committing to divest from coal, tar sands and shale oil.In a symbolically charged move, the Italian town of Assisi will also shed all oil, coal and gas holdings the day before a visit by the Italian prime minister, Paolo Gentiloni, to mark St Francis’s feast day.The origins of the latest church action lie in last year’s climate encyclical by Pope Francis – himself named after St Francis of Assisi – although the project was advanced by the Global Catholic Climate Movement.More: Catholic Church to Make Record Divestment From Fossil Fuels In ‘Symbolically Charged Move,’ a Record Faith-Based Fossil-Fuel Divestment by Investors With $5.5 Trillion in Assetslast_img read more

Celebrate credit unions’ history of banking without bankers

first_imgThis year at NAFCU, we are celebrating 50 years of raising credit unions’ voices in Washington and making lawmakers and regulators aware of what makes credit unions special and different. With every passing year, there are new things to celebrate about the credit union industry and the amazing relationships credit unions form with their communities – but each year the credit union difference remains as important as ever.During NAFCU’s 50 years representing credit unions, we’ve had an incredible opportunity to witness the credit union difference up close. We have members all over the country serving all kinds of communities – branches of the military, students, churches, urban communities, rural communities, and more. What has remained consistent over all these years, with all these different credit unions, is the trust members have in their credit unions. Credit union members around the country continue to discover that they can trust their institutions with their finances – whether they’re saving up for future plans or putting those plans into action. Their credit unions will be there for them, providing them the best rates and best quality programs and services, no matter what.We all know that trust is hard to come by in the financial world. Consumers are still reeling from the news that Wells Fargo fraudulently created 2 million “ghost” accounts – a scheme that apparently involved 5,300 bank employees. The scandal showed a betrayal of trust and a complete lack of respect for customers. That kind of heartless prioritization of profits over people is a big part of what drives consumers to join their local credit unions instead.As not-for-profit, member-owned institutions, credit unions are fundamentally different from banks like Wells Fargo. Credit unions draw strength from their communities and, in turn, give back to those communities every chance they get. When the shareholders are the members, the goal is to succeed together – not to profit off of consumers.To celebrate our members and what they do every day for their communities, NAFCU recently created a video – “Banking Without Bankers” – to help members spread the word about the credit union difference. The video highlights credit unions’ dedication to their members and communities. After all, who ever said banking needed bankers? NAFCU member credit unions are invited to use the video in social media and post it to their websites to promote their services and the industry. We could all use a reminder of what makes the credit union industry great; and the more we spread that message, the more people will be able to benefit from that difference. 20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dan Berger B. Dan Berger became NAFCU president and CEO on Aug. 1, 2013. He joined NAFCU in January 2006 as senior vice president of government affairs overseeing five divisions including legislative … Web: www.nafcu.org Detailslast_img read more

MVP award named after Dominic James

first_img “The award means a lot for us as his parents … We (parents) think it is very significant, we are awed by it. We are humbled as we didn’t know his reach was so far. … the people he influenced and who love him. He was only a young man,” James told The Gleaner at yesterday’s function. Meanwhile, there will be some other new features to the tournament this year. The draw for the first round of games will take place at the National Indoor Sports Centre on October 19. Unlike last season when all the first-round matches were played on the same day, this season, the opening round of matches will be contested over two days (Friday and Saturday) at two venues, Sabina Park (Kingston) and Catherine Hall (Montego Bay), starting at 5 p.m. and 7 p.m. There will also be a Super Cup anthem, which will be played prior to the start of every game. Each team qualifying for the Super Cup is guaranteed $25,000 for making the first round. The amount doubles after each round. The quarter-final teams will receive $50,000, semi-finalists $100,000, and the finalists $200,000 each. MVP and Golden Boot winners will receive trophies and $100,000 towards their personal development. The winning school is set to take home a prize purse of $1 million. livingston.scott@gleanerjm.com A new most valuable player (MVP) award will be handed out for this year’s FLOW Super Cup, which kicks off on October 21. The award will be called the Dominic James MVP Award in memory of the former St George’s College captain who collapsed during a Manning Cup match on September 20 and died after being rushed to hospital. FLOW’s vice-president for marketing and television Carlo Redwood described the St George’s captain as a “leader, very dependable, disciplined and humble” at yesterday’s launch of the 2016 Super Cup at the Spanish Court Hotel in New Kingston. “We have decided to introduce a new award this year, and the award will pay recognition to young Dominic James in a special way. He is the only player to have won both Super Cup trophies, first with Jamaica College and St George’s College,” Redwood stated. A moment’s silence was also observed in memory of the player. Meanwhile, Dominic’s father, David, said the family was in ‘awe’, but he thought his son deserved to have the award named in his honour. HUMBLING EXPERIENCElast_img read more

Two wrongs do not make it right

first_imgDear Editor,The article appearing in sections of the media implying that the duty-free provisions for ExxonMobil negotiated by the current Government are the same as what was negotiated between CGX and the previous Government appears to be condoning the lame-duck argument that ‘two wrongs= one right’! One logical extension of such flawed arguments is that there is no need to change Governments and, therefore, the previous government (irrespective of its philosophy/following, etc) should be allowed to rule ad infinitum!What a frightening thought, enh!Sincerely,Nowrang Persaudlast_img read more