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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, Insightful) by Sulla on Friday October 06 2017, @03:26PM (2 children)
I kind of expect a lot of large groups that are currently invested into fossil fuels to invest in other forms of energy now that the whole "if you don't you are the devil" thing is dying down a bit. As humans we tend to dig in when someone says we are the devil even if it is in our worst interest. Had the primary argument for alternative fuels been economic from the beginning we would be a lot further on, instead there was a "us vs them" plan to guilt people into it.
Ceterum censeo Sinae esse delendam
(Score: 0) by Anonymous Coward on Friday October 06 2017, @05:23PM
You forgot the massive MASSIVE amounts of money dumped into lobbying and shitty science.
Your post irks me, it was always an "us vs. extinction" plan and the sheer amount of negativity and derision for "hippy environmentalists" can only be explained by corporate propaganda conveniently intertwined with the GOP's various talk show promoters. Now that conservatives have gotten a taste of what its like to be in the "out group" maybe they'll stop being so quick to come down on others simply because they're different.
I get what you're saying about stubborn people, and you know the old saying "you can lead a horse to water..." Doesn't make it any less frustrating for the cowboy though, I'm just glad the horse finally drank before it had to git put down.
(Score: 1, Informative) by Anonymous Coward on Friday October 06 2017, @06:03PM
You're forgetting, the economical reason wasn't there for the longest time and now only is because real environmentalists and ideological dreamers supported sustainable energy sources.