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posted by CoolHand on Friday October 06 2017, @12:53PM   Printer-friendly
from the eco-pope dept.

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?


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  • (Score: 1, Informative) by Anonymous Coward on Friday October 06 2017, @01:59PM

    by Anonymous Coward on Friday October 06 2017, @01:59PM (#578006)

    ...whose abusers the Catholic church protects and allows to walk free.

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       Flamebait=1, Informative=2, Total=3
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