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
Earth Overshoot Day marks the date when humanity’s demand for natural resources exceeds the Earth’s capacity to regenerate them in a given year.
In East Africa as in Europe, the mobilization of the faithful is useful in trying to prevent damage to Creation.
As we celebrate Earth Day, we also celebrate the recent global divestment announcement that hundreds of religious institutions have already joined and encourage you to take action.
During Lent, many Laudato Si’ Animators around the world have been on the move to encourage the Church to think about how our finances should work toward the exit from fossil fuels.
As we move towards businesses without a NetZero strategy will be less attractive to consumers. ISO has provided NetZero guidelines for businesses and organizations. Failure to comply with these guidelines will make businesses less desirable to consumers, as seen in the Ugandan East African crude oil pipeline project (EACOP) case.