Climate Change: Catholic Organisations Announce Divestment From Fossil Fuel

LAGOS APRIL 24TH (NEWSRANGERS)-Caritas International and three major Catholic banks with balance sheets of over $7.5 billion, and several Catholic dioceses have announced their divestment from fossil fuels helping the world move to a fossil free future.
“This is a perfect moment to ask Pope Francis again to divest the Vatican from the companies that fuel climate change around the world. But if we are to push the Vatican itself to divest we need to keep this momentum going strong,” statement signed by Yossi and the Divest the Vatican team made available to NewsRangers disclosed.
“This is where you come in. Imagine if we can amplify and multiply this major announcement together in our communities, how many other faith institutions we can persuade to divest from fossil fuels too? We need to create a huge wave of local change that reaches those in power at the Vatican,” the statement further stated.
Caritas Internationalis, a humanitarian aid organization, is an official institution of the Church. Its president, H.E. Cardinal Luis Tagle said “The poor are suffering greatly from the climate crisis and fossil fuels are among the main drivers of this injustice. That is why Caritas Internationalis has decided not to invest in fossil fuels anymore..”
Divestment is one part of a bigger push for a Fossil Free world. But we need to do more. We need to make sure that no new fossil fuel projects are built, not a penny more is invested in fossil fuel companies, and that we work to a 100% renewable energy future – for all.
Pope Francis has already been voicing his concerns about climate change and the fossil fuel industry, and Vatican officials have even acknowledged the call for fossil fuel divestment. But so far they have not committed to divesting the Vatican from fossil fuels. If we can persuade other Catholic institutions to divest we can show the Vatican that they too should have the moral courage to divest and we need you help to spread that message.

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