"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 manual’s 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... 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 document urges Catholics to defend the rights of local populations to have a say in whether their lands can be used for oil or mineral extraction and the right to take strong stands against companies that cause environmental disasters or over-exploit natural resources such as forests."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Vatican urges Catholics to drop investments in fossil fuels, arms, Philip Pullella, Reuters, (18 June 2020)
https://en.wikiquote.org/wiki/Investment
Revision History
No revisions have been submitted for this quote.
Categories
Investment
40 quotes on TrueQuotesView all quotes by Investment →
Related Quotes
"The decision to curb support follows an exodus of major institutional investors from the coal industry in recent year…"
"The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine millio…"
"The ban will mean that some of the world’s biggest mining companies, such as BHP, can never be part of Nest’s share h…"
"SWA Magazine: How about orbital space colonies? Do you see these facilities being built or is the government going to…"
"The owners of savings not finding, in adequate quantities, their usual kind of investments, rush into anything that p…"
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when m…"
"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’…"
"... there are three connected realities that cause investing success to breed failure. First, a good record quickly a…"
"With all the clever brains in America it would be great to see more investment and focus on this essential research!"
"The UK government’s overseas development bank has bowed to calls to end fossil fuel financing abroad by promising to …"