On July 5 thirty-five religious organizations from six countries, with more than $1.25 billion in combined assets under management, have announced their divestment from fossil fuel companies. Among them are 19 Catholics including five dioceses in Ireland and two in Canada.
The Archbishop of Glasgow, Monsignor William Nolan, said that in the near future "it will be a disgrace to any Catholic institution that has not divested." If "where your treasure is, there will your heart be" (Mt 6:21), ask yourself: where is your heart today?
Catholic institutions’ divestment amounts to $500 million. This announcement has been organized by the Laudato Si’ Movement, World Council of Churches, Operation Noah, Green Anglicans and GreenFaith among other organizations.