Saturday, 9 October 2021
How to live in order to please God
COVID-19: Infection rates highest among young secondary school pupils, data shows
Saudi agents who killed dissident journalist Jamal Khashoggi received US paramilitary training, says report
Friday, 8 October 2021
Divestment - Oil and Gas Companies. Anatomy of Action Challenge by Sofonie Dala - Angola. Day 11
Divestment
Actively swap your financial institutions or services to more sustainable options!
Good evening dear friends,
Welcome to our program! It's great to have you with us.
Divestment is when people move away from industries that are unsustainable and instead choose investments, banks, energy providers, and other companies that are opting for sustainable options.
Financial institutions provide the capital that funds over-exploitation of land and seas. In 2019, the world’s 50 biggest banks provided $2.6tn in loans and other credit to sectors with a high negative impact on biodiversity, such as forestry and agriculture.
We need to take action to ensure we support those that enables SDG 12 (sustainable consumption and production). Did you know that just 100 companies, all in the oil and gas industry, are responsible for 71% of global carbon emissions?
As the international community seeks consensus about how to drive energy transition globally, major international banks – including many that are prominently involved in the financing of oil and gas projects – have responded by entering into several agreements, committing to solely finance projects that will attain net-zero emissions between 2030 and 2050. One such agreement is the United Nation’s backed Net-Zero Banking Alliance which represents some of the world’s largest banks from 27 countries with assets of more than US$ 37 trillion. The Net-Zero Banking Alliance requires its members to curtail lending to the oil and gas sector within the next 36 months, ultimately restricting access to finance for companies like Sonangol.
Restructuring for the future
Under the leadership of its Chairman and CEO, industry veteran Mr. Sebastião Gaspar Martins, Sonangol has accelerated its divestment program which it is hoped, will bring in billions of dollars in much needed financing through the sale of non-core assets. Revenue from the sale is expected to strengthen the balance sheet of a much leaner and focused exploration and production entity. Over 70 shareholdings held by sonangol in companies across the world, including in real estate, oil and gas services, financial services, tourism, logistics, telecommunications, aviation and some operating blocks are up for sale.
For a cleaner future, it’s critical to reduce fossil fuel drilling on public lands. We need to equitably transition to responsible renewable energy including solar and wind to fulfill our energy needs while preserving our environment and communities.
Fossil fuel divestment
Divestment is the opposite of an investment – it simply means getting rid of stocks, bonds, or investment funds that are unethical or morally ambiguous.
When you invest your money, you might buy stocks, bonds, or other investments that generate income for you. Universities and colleges, religious organizations, retirement funds, and other institutions put billions in these same kinds of investments to generate income to help them run. Fossil fuel investments are a risk for both investors and the planet, so we’re calling on institutions to divest from these companies.

Divestment is also to end to fossil fuel sponsorship. Fossil fuels companies cultivate sponsorship relationships to help create a ‘social licence to operate’. This contributes to the veneer of legitimacy that enables them to keep expanding operations at a time of climate crisis and to stifle the demands for justice of those communities who live on the frontline of their destructive, polluting operations.
Campaigners working toward freeing communities from fossil fuels. The majority of campaigns are asking institutions to:
- Immediately freeze any new investment in fossil fuel companies;
- Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years;
- End their fossil fuels sponsorship.
Fossil fuel divestment takes the fossil fuel industry to task for its culpability in the climate crisis. By naming this industry’s singularly destructive influence — and by highlighting the moral dimensions of climate change — we hope that the fossil fuel divestment movement can help break the hold that the fossil fuel industry has on our economy and our governments.
The Atlantic Fellows for Social and Economic Equity Programme 2022/2023 for social-change leaders (Fully Funded study at London School of Economics and Political Science)
Application Deadline: 10 January 2022
Atlantic Fellows for Social and Economic Equity are activists, policymakers, researchers, and practitioners who believe inequality can be defeated.
Applications for the 2022-23 Atlantic Fellows for Social and Economic Equity programme are now open. The Atlantic Fellows for Social and Economic Equity programme is a transformative experience that emphasises learning, connection and reflection.
Requirements
Who live in the global South (in particular Africa, Far East, the Middle East, Latin America, Southeast Asia and the Indian subcontinent), although this factor will never be considered in isolation.
Who do not otherwise have the resources to finance their participation in activities such as these, especially people from the global South.
Who have not already had significant access to fellowships or scholarships.
Benefits
Residential Fellows receive support from a dedicated LSE academic mentor, from the AFSEE Academic Lead through monthly meetings and regular check-ins, and via further opportunities for engagement offered throughout the year.
The Residential track of the Atlantic Fellows for Social and Economic Equity programme is a funded fellowship. The fellowship includes full tuition fees, an £19,o00 stipend to cover living costs while in London, any necessary travel expenses to in-person modules, and travel to and from London at the beginning and end of the active fellowship, including reimbursement of visa fees.
Modest financial support is available for Fellows who have family care responsibilitie
Click here to apply: https://bit.ly/2WQzh0h
In pictures: The life of Ndakasi, a gorilla who went vira
She passed away in the arms of one of the rangers who rescued her as a baby, Andre Bauma, at a gorilla orphanage at Virunga – Africa’s oldest national park – in the Democratic Republic of Congo.
Mr Bauma rescued Ndakasi as a two-month-old in 2007 after poachers killed her parents. Ndakasi was still clinging to her dead mother when they found her.
With no relatives, rangers decided it was too unsafe to let Ndakasi back out into the wild. She was raised at the orphanage, where Mr Bauma is the manager.
Ndakasi shot to global fame in 2019 when she and another female mountain gorilla, Ndeze, photobombed a selfie taken by another ranger.
They were trying to imitate the rangers who raised them, a park official said.
IMAGE SOURCE,RANGER MATHIEU SHAMAVUThe rangers and gorillas had grown close. Speaking to the BBC in 2014, Mr Bauma said he loved Ndakasi as if she were his daughter.
“We shared the same bed, I played with her, I fed her… I can say I am her mother.”
Mountain gorillas live mostly in forests in national parks in Uganda, Rwanda and Congo. But climate change, poachers and human encroachment pose threats to their survival.
Eastern DR Congo, where Virunga is located, is mired in conflict between the government and various armed groups. Some of these armed groups are based in the park, where they often poach animals.
IMAGE SOURCE,VIRUNGA NATIONAL PARKOn Thursday, Mr Bauma said that getting to know Ndakasi had “helped me to understand the connection between humans and great apes and why we should do everything in our power to protect them”.
“I loved her like a child,” he said, adding: “Her cheerful personality brought a smile to my face every time I interacted with her.”

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