More than 70 religious institutions from 10 countries will stop investing in fossil fuels. It's no small monetary value: It's $4.1 billion.<\/p>\n
The executive director of the Laudato si' Movement, Tom\u00e1s Insua, says it is the biggest divestment by religious organizations in history. And he hopes it makes an impact.<\/p>\n
TOM\u00c1S INSUA Tom\u00e1s Insua explains that the Laudato si' encyclical has created a before and after in Catholic circles. He says the Pope's document has raised awareness about the need to stop the climate crisis.<\/p>\n Insua explains that religious institutions are leading the charge to divest from fossil fuel companies. He says they make up 35 percent of all institutions joining what he considers a global trend.<\/p>\n TOM\u00c1S INSUA Besides announcing that they will stop investing in fossil fuels, more than 100,000 people and some 425 Catholic organizations have signed the petition, \u201cHealthy Planet, Healthy People,\u201d spearheaded by COP26 and COP15 leaders. The petition is supported by the Laudato si' Movement, among other organizations, who demand immediate concrete measures and a global plan of action from all government leaders.<\/p>\n<\/p>\n BSB<\/p>\n TR: CT<\/p>\n","protected":false},"excerpt":{"rendered":" November 11, 2021. The Laudato si' Movement says it is the biggest divestment by religious organizations in history.<\/p>\n","protected":false},"author":0,"featured_media":12236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"acf":{"video":"https:\/\/youtu.be\/mEo1mSNU-WU","video_descarga":"http:\/\/attuale.romereports.com\/news\/bdesinvercioncombistiblesfosileseng.mp4","international_url":"http:\/\/attuale.romereports.com\/news\/bdesinvercioncombistiblesfosilesint.mp4","type":"rrp","newsletter":"si"},"_links":{"self":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/posts\/44624"}],"collection":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/comments?post=44624"}],"version-history":[{"count":0,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/posts\/44624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/media\/12236"}],"wp:attachment":[{"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/media?parent=44624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/categories?post=44624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.romereports.com\/en\/wp-json\/wp\/v2\/tags?post=44624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/strong>Executive Director, Laudato si' Movement
\n\u201cThe oil companies themselves, in their annual reports\u2014for example, Shell, some time ago, said it was concerned because this divestment campaign was growing so much that they were losing access to capital. For example, a company like Total, the French oil company, is now a huge oil line, really horrible, in Tanzania and Uganda, and it's struggling to finance those big projects.\u201d<\/em><\/p>\n
\n<\/strong>Executive Director, Laudato si' Movement
\n\u201cThe truth is that it does arrive a little late. But better late than never. So although all of this should have happened several years ago, it is still very welcome and good news.\u201d<\/em><\/p>\n