“We know that technology based on the use of highly polluting fossil fuels … needs to be progressively replaced without delay”
Pope Francis is crystal clear that the current development model based on the intensive use of coal, oil and even natural gas, must end. In its place we need renewable energy options and new modes of production and consumption that combat global warming. This is precisely what a growing movement of students, faith communities, socially responsible investors and everyday citizens are calling on individuals and private and public institutions to do: Divest their money from fossil fuels and invest it in climate solutions like wind, solar, and energy efficiency.
This call to move away from fossil fuels was emphatically stressed by a 2015 statement of Catholic Bishops from all continents, whom asked to “put an end to the fossil fuel era… and provide affordable, reliable and safe renewable energy access for all”
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. To date already 70 Catholic institutions chose the path of divestment.
The tide is turning. Now it’s time to divest the Vatican.
With the ear of 1.2 billion Catholics and the respect of Christians and non-Christians alike, Pope Francis is uniquely positioned to add both his voice and the unique moral power of his office to the divestment movement.
With the encyclical Pope Francis has chosen to stand with the people who fight for justice and a sustainable planet. He understands the moral imperative of caring for creation.
We believe that Pope Francis will take the right action and direct the Vatican bank to divest.
However, by starting a divestment campaign in your Catholic diocese, university, school, hospital or other institution you will be helping to build momentum for Pope Francis to divest the Vatican. Every Catholic institution that commits to divest will also send one of the most powerful moral signals yet that the age of fossil fuels is coming to an end.
Starting a divestment campaign is easier than you might think, and we have all the resources you need to get started. Find out more about how to start your campaign below.
Divestment is a key way to be consistent with Pope Francis’ call.