Jewish institutions should divest billions in fossil fuels, new report says
By Adam Kovac
December 15, 2022
The Jewish nonprofit Dayenu encourages Jewish groups to divest $3 billion in non-renewables and invest it in clean energy
A new report from a prominent Jewish environmental group urges American Jewish institutions to pull billions of dollars worth of investments out of the fossil fuel industry. The organization Dayenu argues that it’s a moral obligation considering the industry’s role in climate change, but also that clean energy presents a financially smart alternative.
The report, issued Thursday, analyzed tax filings and financial statements from the top bodies of the four major denominations of Judaism in the U.S. — the Union for Reform Judaism, United Synagogue of Conservative Judaism, Orthodox Union and Reconstructing Judaism. It also included data from the 20 largest private Jewish foundations and 20 largest Jewish federations, as well as the national federation.