More than 40 Catholic institutions such as churches and businesses are going to stop investing in fossil fuel industries. They plan to move their money out
It is a response to Pope Francis' call for divestment around the COP21 Paris agreement.
Christiana Figueres, the former UN climate chief said; "I hope to see more leaders like these 40 Catholic Institutions commit".
In the town of Assisi in Italy, the mayor of the town has announced its divestment from fossil fuels.
Alongside Assisi are two financial institutions who have announced their divestment. Germany's Bank für Kirche und Caritas eG (Bank for the Church and Caritas) is one of the first Catholic banks in the world to divest from fossil fuels. The bank, which has a balance sheet of €4.5 billion, is breaking from coal, tar sands oil, and oil shale because it is both morally imperative and fiscally responsible.
A Monthly Gift Of $11 Makes A World Of Difference
In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.
Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the USA is sharing news like we are across radio, magazines and online so please help us to continue that today.
For a monthly gift of $11 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.
Your monthly support will make a world of difference. Thank you.
Support Us
