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Vatican urges Catholics to drop investments in fossil fuels, arms
Key Excerpts from Article on Website of NBC News/Reuters
Posted: June 29th, 2020
https://www.nbcnews.com/science/environment/vatican-urges-ca...
The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment. The calls were contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of Pope Francis landmark encyclical Laudato Si (Praised Be) on the need to protect nature, life and defenseless people. The compendium suggests practical steps to achieve the goals of the encyclical, which strongly supported agreements to contain global warming and warned against the dangers of climate change. The manuals section on finance said people could favor positive changes ... by excluding from their investments companies that do not satisfy certain parameters. It listed these as respect for human rights, bans on child labor and protection of the environment. Called Journeying Towards Care For Our Common Home, one action point called on Catholics to shun companies that are harmful to human or social ecology. Another section called for the stringent monitoring of extraction industries in areas with fragile ecosystems to prevent air, soil and water contamination. Last month, more that 40 faith organizations from around the world, more than half of them Catholic, pledged to divest from fossil fuel companies. The Vatican bank has said it does not invest in fossil fuels and many Catholic dioceses and educational institutions around the world have taken similar positions.
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