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''The compendium suggests practical steps to achieve the goals of the encyclical, which strongly supported agreements to contain global warming and warned against the dangers of climate change.'' | ''The compendium suggests practical steps to achieve the goals of the encyclical, which strongly supported agreements to contain global warming and warned against the dangers of climate change.'' | ||
Revision as of 20:29, 21 June 2020
Sustainable Business
June 18, 2020
Vatican urges Catholics to drop investments in fossil fuels, arms
VATICAN CITY (Reuters) - The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment.
The calls are contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of Pope Francis’ landmark encyclical “Laudato Si” on the need to protect nature, life and defenseless people.
The compendium suggests practical steps to achieve the goals of the encyclical, which strongly supported agreements to contain global warming and warned against the dangers of climate change.
May 2020
On May 18 the Vatican of the Catholic Church announced the largest joint divestment by faith communities to date... 42 organizations from 14 countries and 5 religions pledged to divest from fossil fuel companies or avoid such investments in the future.
The Vatican's bank has said it does not invest in fossil fuels and many Catholic dioceses and educational institutions around the world have taken similar positions.
The document urges Catholics to defend the rights of local populations to have a say in whether their lands can be used for oil or mineral extraction and the right to take strong stands against companies that cause environmental disasters or over-exploit natural resources such as forests.
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