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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: 0) by Anonymous Coward on Friday October 06 2017, @02:39PM (2 children)
I'm a protestant, in theory anyway, and this has to be the first pope in my memory that I actually approve of.
I always wondered how traditional right wing conservatives could gut the EPA and cry foul about environmenal protections while claiming to be part of a religion that states we are the stewards of the earth.
I guess like any set of laws, people obey fully the ones they like, and try not to get caught when ignoring the rest.
(Score: 0) by Anonymous Coward on Friday October 06 2017, @02:46PM (1 child)
what was wrong with JP-II?
(Score: 1, Informative) by Anonymous Coward on Friday October 06 2017, @02:56PM
He didn't talk about the environment enough while helping pedophiles get away with their crimes. This pope does.