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Catholic Church to Make Record Divestment From Fossil Fuels
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In a groundbreaking stance against climate change, over 40 different Catholic institutions have announced a collective divestment of oil, coal, and fossil fuels. Some of the institutions, including the Archdiocese of Cape Town, the Episcopal Conference of Belgium, and the diocese of Assisi-Nocera Umbra-Gualdo Tadino, made the pledge on the anniversary of St Francis of Assisi’s death.

While the amount of money to be divested is still unclear, Carnitas, the Catholic church bank and charity participating in the divestment, is worth $5.2 billion (€4.5 billion) alone. Additionally, the number of Catholic groups who have joined the environmentally-driven initiative has broken the previous record for Catholic institutions banding together against climate change, says the Guardian.

More: https://www.goodnewsnetwork.org/catholic-church-make-record-divestment-fossil-fuels/

 
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