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Jewish institutions have a tool for fighting climate change: their bank accounts
(JTA) — The last eight years have been the hottest in recorded history, causing untold damage across the world — and that destruction is not something that we can reverse with the flick of a switch. We can’t instantly turn back the floods in California nor solve its decade-long drought. We can’t immediately end the wildfires in Colorado, hurricanes in Florida or flash floods in the Northeast and California.
But the American Jewish community has an important role to play in addressing the underlying cause of these devastating events and avoiding an ever-increasing cascade of destruction and harm.
Many of us are members of Jewish organizations or congregations that, often unknowingly, support fossil fuel companies. Even as we work to cut our carbon footprints, our investments are financing Exxon’s and Chevron’s expansion in fossil fuels. A recent report by the organization I lead, Dayenu, found that a sample of major Jewish organizations had over $3 billion invested in fossil fuel companies. According to Fossil Free Funds and the EPA, that’s $3 billion invested in coal, oil and gas companies that extract and burn carbon responsible for the equivalent of running 561,276 cars on the road for a year.
By reallocating that money from the extraction and burning of fossil fuels to investing in clean energy, we can turn our communal assets from a net cost to the earth to a net gain for our future.
The way forward is clear. The world’s leading scientists tell us that to avoid the worst impacts of the climate crisis, we must halve global greenhouse gas emissions by 2030 and end all climate pollution no later than 2050. Fossil fuels — coal, oil, and gas — are the leading contributors to climate change, responsible for 75% of all greenhouse gas emissions. Renewable energy sources like solar, wind, and hydropower are already cheaper, more reliable, and more lucrative for investors — while creating millions of jobs.
The vast majority of American Jews support bold climate action. A 2014 study found that 8 out of 10 American Jews were concerned or alarmed about the climate crisis. Since then, climate has become a top concern for American Jews, consistently ranking as a priority issue for American Jewish voters, especially young people. Initiatives like the Jewish Climate Leadership Coalition are helping institutions cut their emissions, and there is growing interest in socially responsible and impact investing.
These steps show a commitment to taking action — but much more is needed to reach the scale necessary to confront climate change. Over the past few years, Brandeis, a university “animated by Jewish values, rooted in Jewish history and experience,” decided to turn concern into action.
Joining Harvard, Yale and other universities, Brandeis divested some $997 million from fossil fuel companies in 2018. But University President Ronald Liebowitz said a recent decision to further reduce exposure to fossil fuels and expand investments in clean energy helps move the university to further align with its Jewish values and become “a Brandeis that strives to reflect one of its highest values: using one’s talents to repair the world — in word and deed.”
It’s not just institutions of higher education. Thousands of other organizations have already moved their money from fossil fuels to clean energy investments. Sovereign states like Norway, major retirement plans like New York City’s pension funds, and numerous faith organizations have all moved their resources in ways designed to make them agents of a sustainable future.
Now Jewish organizations, institutions and communities can join them. As part of the report “With All Our Might: Bechol M’odecha: How the Jewish Community Can Invest in a Just, Livable Future,” Dayenu lays out a six-step Roadmap for Change to help the Jewish community better align its investments with its values. Beginning with Jewish learning, or reishit chochma (grounding), the steps guide institutional leaders through cheshbon (research investments), limmud (education), sicha (engagement), kavanah (making a plan) and kadima (moving your money).
Larger institutions will focus on their asset managers, while congregations and smaller organizations will focus on their banks. By advocating publicly and privately with both banks and asset managers — the two primary financiers of fossil fuel extraction — to reinvest their money, Jewish organizations can educate their communities about sustainability and finance. Vocally aligning their finances with their values, the Jewish community can help speed a movement away from fossil fuels and toward clean energy at the pace that we, and future generations, need to survive.
And, make no mistake, it’s a race against time. The International Energy Agency — the world’s most respected energy analysis group — says that to reach zero emissions by 2050, we need to invest $4 in clean energy for every $1 in fossil fuels every year for the next few decades. However, since the Paris Agreement was signed, asset managers and banks have put trillions of dollars into the fossil fuel industry. To win this race, we need to use the lever of private finance. Faced with pressure from whole sections of the public — including the Jewish community — companies like BlackRock, Citigroup, JPMorganChase and Vanguard could be persuaded to hasten the transition to clean energy.
The American Jewish community is well-positioned to take meaningful climate action. Like other faith traditions, we are well-organized, and our institutions have an estimated $100 billion of investment assets. Following Dayenu’s six-point roadmap, we can withhold the Jewish community’s financial support for dirty energy and instead invest in renewables. By raising our voices alongside the many investors who are calling for change, we can accelerate the transition to a clean energy future. As floods, fires, and heat waves come with alarmingly greater frequency and severity, we know we have no time to waste.
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Rights Groups Say at Least 16 Dead in Iran During Week of Protests
People walk past closed shops following protests over a plunge in the currency’s value, in the Tehran Grand Bazaar in Tehran, Iran, December 30, 2025. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
At least 16 people have been killed during a week of unrest in Iran, rights groups said on Sunday, as protests over soaring inflation spread across the country, sparking violent clashes between demonstrators and security forces.
Deaths and arrests have been reported through the week both by state media and rights groups, though the figures differ. Reuters has not been able to independently verify the numbers.
The protests are the biggest in three years. Senior figures have struck a softer tone than in some previous bouts of unrest, at a moment of vulnerability for the Islamic Republic with the economy in tatters and international pressure building.
SUPREME LEADER SAYS IRAN WILL NOT YIELD TO ENEMY
President Masoud Pezeshkian told the Interior Ministry to take a “kind and responsible” approach toward protesters, according to remarks published by state media, saying “society cannot be convinced or calmed by forceful approaches.”
That language is the most conciliatory yet adopted by Iranian authorities, who have this week acknowledged economic pain and promised dialogue even as security forces cracked down on public dissent in the streets.
US President Donald Trump has threatened to come to the protesters’ aid if they face violence, saying on Friday “we are locked and loaded and ready to go,” without specifying what actions he was considering.
That warning prompted threats of retaliation against US forces in the region from senior Iranian officials. Supreme Leader Ayatollah Ali Khamenei said Iran “will not yield to the enemy.”
Kurdish rights group Hengaw reported that at least 17 people had been killed since the start of the protests. HRANA, a network of rights activists, said at least 16 people had been killed and 582 arrested.
Iran’s police chief Ahmad-Reza Radan told state media that security forces had been targeting protest leaders for arrest over the previous two days, saying “a big number of leaders on the virtual space have been detained.”
Police said 40 people had been arrested in the capital Tehran alone over what they called “fake posts” on protests aimed at disturbing public opinion.
The most intense clashes have been reported in western parts of Iran but there have also been protests and clashes between demonstrators and police in Tehran, in central areas, and in the southern Baluchistan province.
Late on Saturday, the governor of Qom, the conservative centre of Iran’s Shi’ite Muslim clerical establishment, said two people had been killed there in unrest, adding that one of them had died when an explosive device he made blew up prematurely.
HRANA and the state-affiliated Tasnim news agency reported that authorities had detained the administrator of online accounts urging protests.
CURRENCY LOST AROUND HALF ITS VALUE
Protests began a week ago among bazaar traders and shopkeepers before spreading to university students and then provincial cities, where some protesters have been chanting against Iran’s clerical rulers.
Iran has faced inflation above 36 percent since the start of its year in March and the rial currency has lost around half its value against the dollar, causing hardship for many people.
International sanctions over Iran’s nuclear program have been reimposed, the government has struggled to provide water and electricity across the country through the year, and global financial bodies predict a recession in 2026.
Khamenei said on Saturday that although authorities would talk to protesters, “rioters should be put in their place.”
Speaking on Sunday, Vice President Mohammadreza Aref said the government acknowledged the country faced shortcomings while warning that some people were seeking to exploit the protests.
“We expect the youth not to fall into the trap of the enemies,” Aref said in comments carried by state media.
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Antisemitic Graffiti Painted on the Facade of Canada Synagogue
Antisemitic graffiti on a synagogue in Winnipeg, Canada. Photo: CIJA, via i24.
i24 News – The Winnipeg police in central Canada have opened a hate crime investigation after the discovery of swastikas and antisemitic messages spray-painted on the exterior of the Shaarey Zedek synagogue, one of the city’s main Jewish congregations. The graffiti is believed to have been done during the night from Saturday to Sunday.
The acts of vandalism were discovered early in the morning. Several hateful symbols were visible on exterior parts of the building. No injuries were reported. Officers went to the scene to assess the damage and secure the premises. The police are currently reviewing surveillance footage from the area and are asking anyone with information to come forward.
The incident has drawn strong condemnation from national and local Jewish organizations. The Centre for Israel and Jewish Affairs (CIJA) denounced these acts, stressing that the desecration of Jewish institutions with Nazi symbols requires a firm response from municipal and police authorities.
The Jewish Federation of Winnipeg has also condemned what it calls “pure hatred,” warning that the repeated targeting of Jewish institutions poses a serious threat to the community’s safety. It has once again encouraged citizens to promptly report any hate-related incident to enable investigators to gather the necessary evidence.
These graffiti have appeared in a context of rising antisemitic incidents across the country. Community organizations note that synagogues, schools, and Jewish centers are increasingly being targeted, particularly during times of international tension, even when they have no direct connection to those events.
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Oil Prices Likely to Move Higher on Venezuelan Turmoil, Ample Supply to Cap Gains
FILE PHOTO: The Guinea-flagged oil tanker MT Bandra, which is under sanctions, is partially seen alongside another vessel at El Palito terminal, near Puerto Cabello, Venezuela December 29, 2025. Photo: REUTERS/Juan Carlos Hernandez/File Photo
Oil prices are likely to move higher when benchmark futures resume trading later on Sunday on concern that supply may be disrupted after the United States snatched Venezuelan President Nicolas Maduro from Caracas at the weekend and President Donald Trump said Washington would take control of the oil-producing nation.
There is plentiful oil supply in global markets, meaning any further disruption to Venezuela’s exports would have little immediate impact on prices, analysts said.
The US strike on Venezuela to extract the country’s president inflicted no damage on the country’s oil production and refining industry, two sources with knowledge of operations at state oil company PDVSA said at the weekend.
Since Trump imposed a blockade of sanctioned oil tankers entering or leaving Venezuelan waters and seized two cargoes last month, exports have fallen and have been completely paralysed since January 1.
That has left millions of barrels stuck on loaded tankers in Venezuelan waters and led to millions more barrels going into Venezuelan oil storage.
The OPEC member’s exports fell to around 500,000 barrels per day in December, around half of what they were in November. Most of the December exports took place before the embargo. Since then, only exports from Chevron of around 100,000 bpd have continued to leave Venezuela. The global oil major has US authorization to produce and export from Venezuela despite sanctions.
The embargo prompted PDVSA to begin cutting oil output, three sources close to the decision said on Sunday, because Venezuela is running out of storage capacity for the oil that it cannot export. PDVSA has asked some of the joint ventures that are operating in the country to cut back production, the sources said. They would need to shut down oilfields or well clusters.
Trump said on Saturday that the oil embargo on Venezuelan exports remained in full effect. If the US government loosens the embargo and allows more Venezuelan crude exports to the US Gulf, there are refiners there that previously processed the country’s oil.
The weekend’s events were unlikely to materially alter global oil markets or the global economy given the US strikes avoided Venezuela’s oil infrastructure, said Neil Shearing, group chief economist at Capital Economics.
“In any case, any short-term disruption to Venezuelan output can easily be offset by increased production elsewhere. And any medium-term recovery in Venezuelan supply would be dwarfed by shifts among the major producers,” he said in a note.
Trump also threatened on Friday to intervene in a crackdown on protests in Iran, another OPEC producer, ratcheting up geopolitical tensions. Trump on Friday said “we are locked and loaded and ready to go,” without specifying what actions he was considering against Tehran, which has seen a week of unrest as protests over soaring inflation spread across the country.
“Prices may see modest upside on heightened geopolitical tensions and disruption risks linked to Venezuela and Iran, but ample global supply should continue to cap those risks for now,” said Ole Hansen, head of commodities research at Saxo Bank.
On Sunday, the Organization of the Petroleum Exporting Countries and their allies agreed to maintain steady oil output in the first quarter, OPEC+ said in a statement. Both Venezuela and Iran are members of OPEC. Several other members of OPEC+ are also embroiled in conflict and political crises.
The producer group has put increases in production on pause for the first quarter after raising output targets by around 2.9 million barrels per day from April to December 2025, equal to almost 3% of world oil demand.
Brent and US crude futures settled lower on Friday, the first day of trading of 2026, as investors weighed oversupply concerns against geopolitical risks. Both contracts closed 2025 with their biggest annual loss since 2020 marked by wars, higher tariffs, increased OPEC+ output and sanctions on Russia, Iran and Venezuela.
VENEZUELA
“The political transition in Venezuela adds another major layer of uncertainty, with elevated risks of civil unrest and near-term supply disruptions,” said Jorge Leon, head of geopolitical analysis at consultancy Rystad Energy and a former OPEC official.
“In an environment this fragile, OPEC+ is choosing caution, preserving flexibility rather than introducing new uncertainty into an already volatile market.”
Trump said on Saturday that the US would control the country until it could make an orderly transition, but an interim government led by vice president and oil minister Delcy Rodriguez remains in control of the country’s institutions, including state energy company PDVSA, with the blessing of Venezuela’s top court.
A top Venezuelan official said on Sunday that the country’s government would stay unified behind Maduro amid deep uncertainty about what is next for the Latin American country.
Trump said that American oil companies were prepared to reenter Venezuela and invest billions of dollars to restore production there.
Venezuela is unlikely to see any meaningful boost to crude output for years even if US oil majors do invest the billions of dollars in the country that Trump has promised, analysts said.
“We continue to caution market observers that it will be a long road back for the country, given its decades-long decline under the Chávez and Maduro regimes, as well as the fact that the US regime change track record is not one of unambiguous success,” Helima Croft, RBC Capital’s head of commodities research, said in a note.