Close to 600 institutions have signed the Catholic Climate Declaration, which renews Catholic support for continuing U.S. actions to address climate change despite backpedaling by the the Trump administration.
Tag Archive for divestment
Environmental contamination, especially pollution of water sources, is causing significant concern in areas where Jesuits are based, according to a global survey conducted by the Justice in Mining Network. The survey also showed there is strong interest in mining justice issues, but indicated that many Jesuits and lay colleagues feel they have insufficient knowledge and expertise to take action.
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.
The word “divestment” is nowhere to be found in the nearly 200 pages of the papal encyclical released Thursday, but by addressing the threat of climate change in such a forceful way, Pope Francis is likely to add momentum to the movement by big institutions to sell holdings tied to fossil-fuel stocks.
Divestment is basically the opposite of investment. When someone divests, they pull their money (stocks, bonds, etc) from corporations or businesses as a sign that they no longer support that entity.