ROME — Vatican News praised the decision of 47 faith-based institutions to divest from fossil fuels, saying the move followed “the Vatican’s guidelines on ethical investments.”
“Global efforts to promote divestment from fossil fuels expanded further as 47 faith institutions announced their divestment from fossil fuels on Monday, in the largest-ever announcement of its kind among religious leaders,” the article stated.
This announcement follows the Vatican’s publication of ecological guidelines, which encouraged Catholics to avoid investing in companies “that harm human or social ecology (for example, through abortion or the arms trade), or environmental ecology (for example, through the use of fossil fuels).”
Pope Francis continued his ecological campaign in Madagascar this weekend while warning of a loss of biodiversity. https://t.co/FiaIjRpIKJ
— Breitbart News (@BreitbartNews) September 11, 2019
According to the Global Catholic Climate Movement, 42 Catholic institutions and five additional Protestant and Jewish institutions have severed ties