Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 19 submissions in the queue.
posted by CoolHand on Friday October 06, @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?


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough

Mark All as Read

Mark All as Unread

The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Informative) by c0lo on Friday October 06, @02:25PM

    by c0lo (156) Subscriber Badge on Friday October 06, @02:25PM (#578013)

    Will the church be moving away from sodomizing choir boys with petroleum based lubricants as well?

    But of course!
    They will simply do it rough - what's a little pain when the church is doing the right thing™?

    (grin)

    Starting Score:    1  point
    Moderation   +1  
       Informative=1, Total=1
    Extra 'Informative' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3