Climate change: Religious leaders urge banks to stop financing drivers

NEW YORK: Christian, Muslim and Jewish leaders joined United Nations officials on Monday in urging financial institutions to stop bankrolling activities that are driving climate change, including ending support for new fossil fuel projects.

Leaders of the World Council of Churches, Muslim Council of Elders and New York Board of Rabbis signed onto a statement that said banks, pension funds and insurance firms had a “moral imperative” to not contribute to climate change because of the threat it poses to future generations of life on earth.

World ‘sleepwalking’ to climate catastrophe: UN chief

“For too long, the financial services sector has enabled the world’s fossil fuel addiction,” said UN Secretary-General Antonio Guterres in support of the statement.