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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, @08:51PM (1 child)

    by Anonymous Coward on Friday October 06, @08:51PM (#578328)

    Oh, and Captain (hopefully) Obvious to the rescue: There no such thing as "God", sorry about that. :-/ These organizations should not even exist.

    I'd rather believe in infinite parallel universes/realities with infinite possibilities. Except when one or more of those possibilities could have a God in it. Then it absolutely could not happen, therefore infinite realities cannot happen. Unfortunately without infinite realities, the odds of *this* reality (each and every atom arranged just as they are) occurring is dismally low.

  • (Score: 0) by Anonymous Coward on Friday October 06, @11:33PM

    by Anonymous Coward on Friday October 06, @11:33PM (#578392)

    Given that this reality has happened, the odds of it happening are 100%.