- Sep 21, 2020
Catholic institutions are beginning to see their investments as a reflection of their values, according to a leading Catholic environmental group.
UK Prime Minister Boris Johnson’s pledge to end all support for coal-fired power plants overseas has been welcomed by CAFOD, England’s Catholic development aid agency.
Despite pledges to fight greenhouse gas emissions, The United Kingdom has spent 60 percent of its support for energy in developing countries on fossil fuel industries, according to a new report.
The Austrian bishops’ conference is the most recent Catholic institution to say it will divest from fossil fuels.
A bipartisan bill that would put a price on each ton of carbon pollution and likely broaden efforts to develop forms of renewable energy is getting wide support from Catholic advocates concerned about climate change.
Caritas Internationalis, the Catholic Church’s worldwide network of humanitarian aid agencies, three German banks and more than 30 other Catholic institutions are planning to divest at least part of their financial portfolios from the fossil fuel industry.