Record Fossil Fuel Divestment Announced by Catholic Church
Wednesday, a coalition of 40 faith institutions on five continents have jointly just announced their divestment from fossil fuels. This is a big moment for both the global divestment movement and faith community, and we need to keep this momentum going strong.
This commitment well and truly quadruples the one announced in May, when nine Catholic organizations divested. We need to celebrate it and also seize the opportunity to build upon this moment.
In the words of Domenico Sorrentino, the bishop of Assisi-Nocera Umbra-Gualdo Tadino:
St. Francis (Pope Francis) encouraged us to live humbly, simply, and with true reverence for the Creator and Creation. Divesting from fossil fuels and making new investments in clean energy sources is our way of following St. Francis's example.
Pope Francis has prominently voiced his concerns about climate change and the fossil fuel industry. But while Vatican officials have acknowledged the call for fossil fuel divestment, the Vatican has not committed to divest its money from the industry that is destroying Creation—yet.
In the wake of this announcement, people from all over the world are uniting during the Season of Creation and urging the World Bank to stop financing fossil fuels and support for renewable energy instead. Please join and add your voice to the global call.
Now more than ever we need institutions to stand together on the right side of history against an immoral industry whose climate impacts we see and experience daily.
As we celebrate this inspiring show of moral leadership, let's make sure the World Bank puts its mouth where its money is and stops funding the fossil fuel industry and climate disasters.
A full list of all the institutions which have divested as part of this commitment can be found here.