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Catholic groups pull trillions out of fossil fuels

BERLIN (SE): The Global Catholic Climate Movement announced on October 3 that a coalition of 40 Catholic institutions has decided to pull out its collective investments in fossil fuel-related industries estimated to be worth over $US5 trillion ($38.75 trillion) and place it in more environmentally friendly activities.
 

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Getting Church out of fossil fuels

MANILA (SE): Father John Leydon, the co-convener of the Global Catholic Climate Movement and its local representative in The Philippines, made an appeal to Church organisations to divest themselves of their investments in the mining and fossil fuel industry.

“These divestments are an important step toward fulfilling the promise and the call of Laudato Si’ (Praise Be: On care for our common home),” Father Leydon said.

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