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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: 1) by trimtab on Saturday October 07, @06:57PM (1 child)

    by trimtab (2194) on Saturday October 07, @06:57PM (#578641)

    "Shared myths" are the way that humans are bound together into tribes larger than extended family units. Religion and paper money are both "shared myths." They exist and work because enough of the participants "believe" in them. These participants become the tribes that are then manipulable by their beliefs.

    Paper money only works as long as there are other believers who also believe in it's power as a fungible medium of exchange for real goods.

    "Shared myths" also create power structures over believers. And some humans will always work to acquire power within the confines of the myth. The most pragmatic leaders don't really believe the myths. They just use them to control others and to acquire power over the tribe. Such is the history of the human experience.

    I used "paper money" and "religion" as examples purposely. As neither really have anything to do with the physical world. But humans interact with the physical world and each other based on them.

    As far as we know, no other animal on the planet believes their own BS like we do.

  • (Score: 2) by stormreaver on Saturday October 07, @11:55PM

    by stormreaver (5101) on Saturday October 07, @11:55PM (#578695)

    Religion and paper money are both "shared myths."

    No, they aren't. Religion and paper money are close to diametric opposition. Religion asks you to believe in absurd notions that have no basis in fact. Paper money exists as a medium of exchange to the extent that people know that they can accept it now and pay with it later. The two have almost nothing in common. Bitcoin is close to a religion, though.