Catholic institutions are divesting from fossil fuel companies and investing in renewable energy as part of their response to the urgent call Pope Francis sounded in the Laudato Si’ encyclical and in response to the COP21 statement of Catholic Bishops from all continents. One year ago today, the Missionary Society of St. Columban announced that it would be divesting from fossil fuels over the next five years, and reinvesting in renewable energy: Seven Catholic Organizations Divest from Fossil Fuels on Occasion of Feast of St. Francis
On October 4, 2017 a new group of 40 Catholic institutions committed to caring for our common home by announcing their divestment from fossil fuels. This is the largest joint Catholic announcement to date.
This group included the first-ever divestment of a Catholic bishops’ conference and one of the first divestments of a Catholic bank. In addition, the group counted several highly significant institutions in Assisi, the home of St. Francis. It also included archdioceses and dioceses, religious orders, and lay organizations, and was complemented by important municipal partners.
Read more about this ground-breaking commitment in the press release.