Vatican urges Catholics to drop investments in fossil fuels, arms

By Christoph Meyer June 18, 2020

VATICAN CITY (Reuters) – 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.

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 Vatican bank has said it does not invest in fossil fuels and many Catholic dioceses and educational institutions around the world have taken similar positions.

Source: Reuters