Posts Tagged ‘Fossil fuels’

Anger as Church of Scotland decides not to divest from fossil fuels Comments 0

Monday, May 27th, 2019

More than 70 Church of Scotland delegates – including the outgoing moderator the Very Rev Susan Brown – have formally lodged their frustration at the decision of its general assembly not to divest from fossil fuels, with advocates describing Wednesday’s vote as “an embarrassing abdication of moral leadership”. Although the general assembly voted to “recognise Read more

Pope’s Climate Warning to Oil-Gas Executives: ‘There is No Time to Lose’ Comments 0

Thursday, July 19th, 2018

Challenging world oil executives to recognise the urgent environmental need to quickly transition from fossil fuel extraction and burning, to clean energy production, Pope Francis called them to take to heart that “Civilization requires energy, but energy must not destroy civilization.” Gathering the heads of some of the world’s largest oil and gas corporations – Read more

Dozens of Catholic institutions divest fossil fuels Comments 1

Thursday, October 5th, 2017

The Global Catholic Climate Movement says fossil fuels are no longer included in 40 Catholic institutions’ financial portfolios. The institutions which have joined a global faith-based environmental movement located on five continents include the Franciscan convent in Assisi, the Belgian bishops’ conference, the Archdiocese of Cape Town, Newman University in the UK and two major Read more

Catholics agencies remove fossil fuels from investment portfolios Comments 0

Thursday, May 25th, 2017

Numerous Catholic organisations are divesting fossil fuels from their share portfolios. They want to show the world it is not okay to keep polluting the environment. As an example, nine Italian organisations divested from fossil fuel corporations in time to send a message to the G7 summit being held today and tomorrow in Taormina, Sicily. Read more

Fossil fuel investments go from over 300 Catholic portfolios Comments 0

Friday, October 7th, 2016

Fossil fuel investments are officially off numerous Catholic groups’ financial portfolio lists. Catholic groups around the globe are divesting their financial interests in fossil fuels. Their decision came hours before the European Union voted to ratify the Paris Agreement. The Agreement sets up the global accord to address climate change to enter into force. Divestment Read more

Vatican Bank officers linked to fossil fuel industry Comments 0

Tuesday, August 2nd, 2016

Vatican Bank board members  have been called out by Greenpeace because of their links to the fossil fuel sector. According to a Greenpeace Energydesk investigation, Vatican Bank board member Sir Michael Hintze is the chief executive of the private hedge fund CQS Cayman, registered on the Cayman islands. The fund holds stocks worth $8.3 million Read more

Rising sea levels — only 160,000 people so who gives a damn? Comments 0

Friday, March 11th, 2016

The Pacific Island nations often cited as the most likely to disappear because of rising sea levels include Kiribati, the Marshall Islands and Tuvalu. Kiribati has a population of just over 100,000. The Marshall Islands about 52,000. And Tuvalu close to 10,000. The problem for small Pacific Island nations is that on a world scale Read more

Vatican shuffles feet on fossil fuel divestment Comments 0

Friday, July 3rd, 2015

The Vatican may consider, but is not committed to, divesting its holdings in fossil fuels, an official has indicated. That is despite Pope Francis’s call in his encyclical Laudato Si’ for bold action to fight climate change and global warming, The Guardian reported. At a press conference on July 1, Flaminia Giovanelli from the Pontifical Read more

Guam’s parishes go green and save money on energy Comments 0

Friday, May 1st, 2015

Two more parishes in Guam are installing photovoltaic energy-saving systems on their roofs in an effort to save money and help preserve the environment. The parishes of Our Lady of Peace and Safe Journey Church in Chalan Pago and Our Lady of Mount Carmel Church in Agat have entered into a contract to purchase renewable Read more

World Council of Churches pulls fossil fuel investments Comments 0

Tuesday, July 15th, 2014

The World Council of Churches has decided to withdraw its investments in fossil fuel companies. The move has been hailed by climate campaigners as a major victory. The WCC represents half a billion Christians in 345 member churches, including the Church of England, but not the Catholic Church. It is not clear divestment in fossil Read more