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More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi.
The sum involved has not been disclosed but the volume of divesting groups is four times higher than a previous church record, and adds to a global divestment movement, led by investors worth $5.5tn.
[...] Assisi's mayor, Stefania Proietti – a former climate mitigation professor – told the Guardian: "When we pay attention to the environment, we pay attention to poor people, who are the first victims of climate change.
"When we invest in fossil fuels, we stray very far from social justice. But when we disinvest and invest in renewable and energy efficiency instead, we can mitigate climate change, create a sustainable new economic deal and, most importantly, help the poor."
Are they putting their money where their mouth is, or making a smart economic bet?
(Score: 2) by krishnoid on Saturday October 07 2017, @02:45AM
"Humanity has accomplished a lot, along with all the infighting and political machinations. I like to think I just help provide a lot of the infrastructure to make that possible. I know everything isn't exactly the way you'd like it, but when you have an issue, all I want you to do is log a helpdesk ticket. Is that really too much to ask?"