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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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Turkey Court Ousts Opposition Leader in Latest Blow to Erdogan’s Challengers
Ozgur Ozel, leader of the main opposition Republican People’s Party (CHP), speaks to the media at party headquarters after a Turkish court dismissed a case seeking to remove him and annul the party’s 2023 congress, in Ankara, Turkey, Oct. 24, 2025. Photo: REUTERS/Efekan Akyuz
A Turkish court effectively ousted the main opposition leader Ozgur Ozel on Thursday, annulling the 2023 party congress that elected him chairman in a ruling that dealt a blow to President Tayyip Erdogan’s challengers and hit financial markets.
The appeals court annulled the congress over irregularities and ruled that former Republican People’s Party (CHP) Chairman Kemal Kilicdaroglu – a divisive figure within the party who lost to Erdogan in an election earlier in 2023 – should replace his successor Ozel.
The case was seen as a test of Turkey‘s shaky balance between democracy and autocracy, and the ruling may throw the opposition into further disarray and possible infighting. It could also boost Erdogan’s chances of extending his more than two-decade rule of the big NATO member country and major emerging market economy.
OPPOSITION HIT BY JUDICIAL CRACKDOWN
The CHP, running roughly even with Erdogan’s ruling AK Party in polls, has separately faced an unprecedented judicial crackdown since 2024 in which hundreds of members and elected officials have been detained as part of corruption charges that the party denies.
Among those imprisoned for more than a year is Istanbul Mayor Ekrem Imamoglu, who is seen as the main rival of Erdogan and remains the CHP’s official candidate for a presidential election set for 2028 but that could come next year.
After the court ruling, Ozel convened party leaders to discuss possible steps and members were called to the CHP headquarters building in Ankara to protest against it.
Ali Mahir Basarir, CHP deputy parliamentary group chair, told Reuters the ruling “is an attempted coup carried out through the judiciary [and] a blow against the will of 86 million people.”
The party rejected the ruling, he said, adding that those who signed off on it were “complicit in this coup attempt and will be held accountable before the courts.”
Turkey‘s main Borsa Istanbul .XU100 dropped 6% in response, triggering a market-wide circuit breaker, while Turkish government bonds slid. Sovereign bonds sold off as much as 1.2 cents, which for many was the biggest fall since late March.
The ruling by the Ankara court overturned a decision last year by a court of first instance that said the case surrounding the CHP’s 2023 congress had no substance.
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Supreme Leader Says Enriched Uranium Must Stay in Iran, Iranian Sources Say
A woman walks next to a banner with a picture of Iran’s new Supreme Leader Mojtaba Khamenei in Tehran, Iran, May 8, 2026. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Iran‘s Supreme Leader has issued a directive that the country’s near-weapons-grade uranium should not be sent abroad, two senior Iranian sources said, hardening Tehran’s stance on one of the main US demands at peace talks.
Ayatollah Mojtaba Khamenei’s order could further frustrate US President Donald Trump and complicate talks on ending the US-Israeli war on Iran.
Trump vowed on Thursday that the United States will not allow Iran to have its stockpile of highly enriched uranium.
“We will get it. We don’t need it; we don’t want it. We’ll probably destroy it after we get it, but we’re not going to let them have it,” Trump told reporters at the White House.
Israeli officials have told Reuters that Trump has assured Israel that Iran‘s stockpile of highly enriched uranium, needed to make an atomic weapon, will be sent out of Iran and that any peace deal must include a clause on this.
Israel, the United States, and other Western states have long accused Iran of seeking nuclear weapons, including pointing to its move to enrich uranium to 60%, far higher than needed for civilian uses and closer to the 90% needed for a weapon. Iran denies seeking nuclear weapons.
Israeli Prime Minister Benjamin Netanyahu has said he will not consider the war over until enriched uranium is removed from Iran, Tehran ends its support for proxy militias, and its ballistic missile capabilities are eliminated.
“The Supreme Leader’s directive, and the consensus within the establishment, is that the stockpile of enriched uranium should not leave the country,” said one of the two Iranian sources, who spoke on condition of anonymity because of the sensitivity of the matter.
Iran‘s top officials, the sources said, believe that sending the material abroad would leave the country more vulnerable to future attacks by the United States and Israel. Khamenei has the last say on the most important state matters.
When asked for comment for this story, White House spokeswoman Olivia Wales said: “President Trump has been clear about the United States’ red lines and will only make a deal that puts the American people first.”
Iran‘s foreign ministry did not respond to request for comment.
DEEP SUSPICION AMONG TOP IRANIAN OFFICIALS
A shaky ceasefire is in place in the war that began with US-Israeli strikes on Iran on Feb. 28, after which Iran fired at Gulf states hosting US military bases and fighting broke out between Israel and Iran-backed Hezbollah in Lebanon.
But there has been no big breakthrough in peace efforts, with a US blockade of Iranian ports and Tehran’s grip on the Strait of Hormuz, a vital global oil supply route, complicating negotiations mediated by Pakistan.
The two senior Iranian sources said there was deep suspicion in Iran that the pause in hostilities was a tactical deception by Washington to create a sense of security before it renews airstrikes.
Iran‘s top peace negotiator, Mohammad Baqer Qalibaf, said on Wednesday that “obvious and hidden moves by the enemy” showed the Americans were preparing new attacks.
Trump said on Wednesday the US was ready to proceed with further attacks on Tehran if Iran did not agree to a peace deal, but suggested Washington could wait a few days to “get the right answers.”
The two sides have started to narrow some gaps, the sources said, but deeper splits remain over Tehran’s nuclear program — including the fate of its enriched uranium stockpiles and Tehran’s demand for recognition of its right to enrichment.
IRAN HARDENS STANCE ON ENRICHED URANIUM STOCKPILE
Iranian officials have repeatedly said Tehran’s priority is to secure a permanent end to the war and credible guarantees that the US and Israel will not launch further attacks.
Only after such assurances are in place, they said, would Iran be prepared to engage in detailed negotiations over its nuclear program.
Israel is widely believed to have an atomic arsenal but has never confirmed or denied it has nuclear weapons, maintaining a so-called policy of ambiguity on the issue for decades.
Before the war, Iran signaled willingness to ship out half of its stockpile of uranium which has been enriched to 60%, a level far higher than what is needed for civilian uses.
But sources said that position changed after repeated threats from Trump to strike Iran.
Israeli officials have told Reuters it is still unclear whether Trump will decide to attack and whether he would give Israel a green light to resume operations. Tehran has vowed a crushing response if attacked.
However, the source said there were “feasible formulas” to resolve the matter.
“There are solutions like diluting the stockpile under the supervision of the International Atomic Energy Agency,” one of the Iranian sources said.
The IAEA estimates that Iran had 440.9 kg of uranium enriched to 60% when Israel and the US attacked Iranian nuclear facilities in June 2025. How much of that has survived is unclear.
IAEA chief Rafael Grossi said in March that what remained of that stock was “mainly” stored in a tunnel complex in Iran‘s Isfahan nuclear facility, and that his agency believed slightly more than 200 kg of it was there. The IAEA also believes some is at the sprawling nuclear complex at Natanz, where Iran had two enrichment plants.
Iran says some highly enriched uranium is needed for medical purposes and for a research reactor in Tehran which runs on relatively small amounts of uranium enriched to around 20%.
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Mediator Pakistan Pushes to Get US-Iran Peace Talks on Track
People walk near an anti-US mural on a building in Tehran, Iran, May 19, 2026. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Pakistan stepped up diplomacy on Thursday to hasten US and Iran peace talks even as Tehran appeared to harden its stance over nuclear materials amid new threats of strikes from US President Donald Trump if he did not get the “right answers.”
Six weeks since a fragile ceasefire took effect, talks to end the war have made little progress, while soaring oil prices are stoking inflation and straining the global economy.
Trump also faces domestic pressure ahead of November’s midterm elections, with his approval rating near its lowest since he returned to the White House.
Pakistan‘s Army Chief Asim Munir will decide on Thursday whether to travel to Tehran for mediation, three sources familiar with the negotiations told Reuters.
Pakistan‘s interior minister was in Tehran on Wednesday.
STANCE ON ENRICHED URANIUM
“We’re speaking to all the various groups in Iran to streamline communication and so things pick up pace,” said one of the sources. “Trump’s patience running thin is a concern, but we’re working on the pace at which messages are relayed from each side.”
Iran‘s ISNA news agency said Munir would travel to Tehran on Thursday for consultations. The text being discussed in Tehran is on the general framework, and some details and confidence-building measures as guarantees, the agency said.
However, Iran appeared to have hardened its stance over a key US demand for the removal of enriched uranium from the country. Two senior Iranian sources told Reuters that Supreme Leader Ayatollah Mojtaba Khamenei issued a directive that near-weapons-grade uranium should not be sent abroad.
Brent crude oil climbed after Mojtaba’s remarks on Thursday, gaining almost 2% to $107 a barrel.
US READY TO ACT FAST, TRUMP SAYS
Trump said on Wednesday he was willing to wait for Tehran’s response but was also ready to resume strikes.
“Believe me, if we don’t get the right answers, it goes very quickly. We’re all ready to go,” Trump told reporters.
“It could be a few days, but it could go very quickly.”
Iran‘s Revolutionary Guards have warned that renewed attacks will trigger retaliation beyond its region.
Iran submitted its latest offer to the US this week.
Tehran’s descriptions suggest it largely repeats terms Trump previously rejected, including demands for control of the Strait of Hormuz, compensation for war damage, lifting of sanctions, release of frozen assets, and the withdrawal of US troops.
IRAN RESTATES SOVEREIGNTY OVER STRAIT
Iran’s deputy foreign minister on Thursday restated Tehran’s claims to sovereignty over the strait, through which a fifth of the world’s oil and natural gas flows, saying aggression from the US, Israel, and some regional states had fundamentally altered security in the waterway.
In a legal commentary, Kazem Gharibabadi said Iran could adopt “practical and proportionate measures” to protect its security and maritime safety, citing international law.
With the strait now effectively closed for almost three months, increasing shortages are pushing up energy prices across the globe in what the International Energy Agency has called the world’s worst energy shock.
The IEA warned on Thursday that the peak of summer fuel demand coupled with a lack of new Middle East supply means the market could enter the “red zone” in July and August.
Some ships are managing to transit the strait, but only a trickle compared with the 125-140 daily passages before the war.
Iran‘s state TV reporter said on Thursday that around 30 vessels have requested to transit since Wednesday night. These vessels are coordinating with Iranian naval forces to pass and “will most probably do so by tonight,” the reporter added.
Iran said it aimed to reopen the strait to friendly countries that abide by its terms. That could potentially include fees for access, which Washington says would be unacceptable.
“It would make a diplomatic deal unfeasible if they were to continue to pursue that. So, it’s a threat to the world if they were trying to do that, and it’s completely illegal,” US Secretary of State Marco Rubio said.
Trump and Israeli Prime Minister Benjamin Netanyahu said their war aims were to curb Iran‘s support for regional militias, dismantle its nuclear program, destroy its missile capabilities, and make it easier for Iranians to topple their rulers.
But Iran has so far retained its stockpile of near-weapons-grade enriched uranium, and its ability to threaten neighbors with missiles, drones, and proxy militias.