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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?

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  • (Score: 0) by Anonymous Coward on Friday October 06, @04:31PM (3 children)

    by Anonymous Coward on Friday October 06, @04:31PM (#578098)

    You can have "Rightful King Chosen by God" or you can have "libertarian dystopia", choose wisely!

  • (Score: 3, Insightful) by Azuma Hazuki on Friday October 06, @05:11PM

    by Azuma Hazuki (5086) Subscriber Badge on Friday October 06, @05:11PM (#578132) Journal

    This is a joke, right...?

    I am "that girl" your mother warned you about...
  • (Score: 0) by Anonymous Coward on Friday October 06, @07:46PM (1 child)

    by Anonymous Coward on Friday October 06, @07:46PM (#578282)

    Well we're testing out the former and the world hasn't ended. I think I'd be up for trying "libertarian dystopia" because here in Cali I think it would evolve pretty quickly into a more standard socialism (workers own means of production) with voluntary participation in single payer healthcare and insurance programs. Let the die hard conservatives pay for theirs as individuals.

    • (Score: 1) by khallow on Saturday October 07, @08:14AM

      by khallow (3766) Subscriber Badge on Saturday October 07, @08:14AM (#578512) Journal

      Let the die hard conservatives pay for theirs as individuals.

      As long as they don't have to pay for your system? Sounds like a great deal, particularly in a place like California.