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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: 3, Insightful) by HiThere on Friday October 06 2017, @05:44PM

    by HiThere (866) Subscriber Badge on Friday October 06 2017, @05:44PM (#578171) Journal

    This is a real problem. Priests, despite any claims to the contrary, average neither better nor worse than other people. Catholic priests are required to be celibate, which most humans find a real problem. So they naturally look for accessible outlets. And people of any organized group tend to protect other members of that group. Which is why police can often get away with murder.

    This is why you should never trust anyone with power. Some people will handle it justly, but others won't. And they will be protected by others of the group that wields the power. Think of it as tribalism in action.

    Put not your faith in princes.
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