All assets submitted in this form we keep strictly confidential and never disclose them publicly. We only include this number in the general number of assets divested.
“We know that technology based on the use of highly polluting fossil fuels – especially coal, but also oil and, to a lesser degree, gas – needs to be progressively replaced without delay” (LS 165)
Prevent the proliferation of coal, oil and gas by stopping all new exploration and production.
[Additional info: Stop the expansion of any new coal, oil, or natural gas production in accordance with the best available science, as outlined by the IPCC and the United Nations Environment Programme (UNEP)].
Fair phase out:
[Additional info: Phase out current fossil fuel production in a fair and equitable manner, considering countries’ respective dependence on fossil fuels and their transition capacity]
Just and equitable transition:
[Additional info: Ensure a just energy transition to 100% access to renewable energy worldwide, support dependent economies to diversify away from fossil fuels and enable all people and communities, including the Global South, to prosper.]
“to bring the whole human family together to seek a sustainable and integral development, for we know that things can change” (LS #13)
Why Catholics Join the
Treaty and Fossil Fuel Divestment
“From a physical science point of view, limiting human-induced global warming to a specific level requires limiting cumulative CO2 emissions, achieving at least net-zero CO2 emissions, along with deep reductions in other greenhouse gas emissions” (IPCC 2022)
“Today the signs are not good. Investments in fossil fuels continue to grow, despite scientists telling us that fossil fuels should stay in the ground”. “We must work together to … end global dependence on fossil fuels” (Pope Francis, special address, May 29, 2019).
“the reduction of greenhouse gasses requires honesty, courage and responsibility, especially from the most powerful and most polluting countries” (LS #169).
“There is an urgent need to develop policies so that, in the next few years, the emission of carbon dioxide and other highly polluting gasses can be drastically reduced, for example, substituting for fossil fuels and developing sources of renewable energy”, and that, “worldwide there is minimal access to clean and renewable energy” (LS #26).
“Today [we] need to give due consideration to the energy problem. The fact that some States, power groups and companies hoard non-renewable energy resources [i.e. fossil fuels] represents a grave obstacle to development in poor countries. (Emeritus Pope Benedict XVI – Caritas in Veritate #49)
FFNPT Blogs And Press Releases
Global and interfaith gathering convened leaders working for ecological justice to pray and reflect about a just transition.
Despite the EU resolution, the EACOP project continues and threatens biodiversity in Uganda and the greater Africa
In line with this year’s Season of Creation theme, “Listening to the voice of creation”, and the symbol, the burning bush, a group of African animators participated an online Season of Creation...
The natural world is disappearing at an unprecedented rate. Catholics are responding.
Catholic organizations have divested more than $500 million in combined assets Rome, July 5, 2022 - In total, thirty five faith institutions from six countries with more than $1.25 billion in...
Archbishop William Nolan: ‘It will be an embarrassment for any Catholic institution that hasn’t divested’
Archbishop of Glasgow William Nolan shares why all Catholic institutions should divest from fossil fuels and bring Laudato Si’ to life.
Gathered at the Dominican Sisters' An Tairseach Ecological Retreat Center in Kilmantin Hill, Wicklow, Ireland, the hybrid event "Investing Consistently with Faith, Living Laudato Si'" was held on...
The fourth day of Laudato Si’ Week brought together a panel of experts to discuss fossil fuels and just transition related to war in a webinar.
Laudato Si’ Movement applauds the decision by Italian Export Credit Agency SACE to not invest in the East Africa Crude Oil Pipeline (EACOP).
Big Oil Reality Check: On the seventh anniversary of the publication of the encyclical Laudato Si’, May 24, an updated analysis shows the oil industry’s climate plans are grossly insufficient.