A groundbreaking new resource has been released to assist Catholic institutions in making decisions about their investments in fossil fuels. The toolkit, titled “Ethical Investments in an Era of Climate Change,” equips church leaders, financial officers, and other decision-makers to assess their investment decisions in the light of Catholic Social Teaching. It is the first global resource of its kind.
Archive for Fossil fuel
The Student Assembly of the Undergraduate Government of Boston College passed a resolution calling upon the University to divest from existing funds in fossil fuel companies within the next five years. It also requests BC to immediately freeze any new or future investment in fossil fuel companies.
Australian Jesuits divest from fossil fuels, support Flights for Forests for World Environment Day 2017
I have in the Province Office a few dot paintings. One of them is by an Aboriginal artist who was instrumental in bringing the Walmajarri people back to their ancestral land I 1979, after a cattle station was established on it in the early twentieth century.
Ecojesuit shares this recent press release on the largest joint action of Catholic groups so far to divest from coal, oil, and gas investments, of which the Italian Jesuits was part. Gianfranco Matarazzo, SJ, Provincial Father of the Italian Jesuits said: “I express the adhesion of the Italian province of the Society of Jesus to the divestment campaign. With this adhesion, I announce the intention to start a more detailed process about the different ways of removing our investments from fossil, progressively within the next 5 years.”
Nine Catholic organizations from around the world announced on 10 May 2017 their decision to divest their portfolios from coal, oil and gas companies in the largest joint Catholic fossil fuel divestment to date.
I am part of DIVEST Loyola and the Loyola Association of Students for Sustainability and when we worked together with different on-campus and off-campus organizations to create the first ever Earth Week celebration at Loyola New Orleans this year, I wondered how great it would be if all Jesuit institutions somehow worked together under one sustainable movement to encourage, empower, and educate each other for a greater change among our greater Jesuit community.
In January of 2016, we, Fossil Free SCU, released a response letter criticizing the university’s decision to not remove its investments in commingled funds that include fossil fuel-extraction companies.
Although the university committed to a small number of new, sustainable investments, it made no commitments to reduce its stock in fossil fuels, nor offer any transparency on the school’s portfolio. Divestment, we argue, is crucial to Santa Clara’s mission for a more “just, humane and sustainable world.”