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Catholic church thinking big on fossil fuel divestment?

Neil Ormerod writes in The Conversation (20.6.16): 

‘This week’s decision by four Australian Catholic orders to divest fully from fossil fuels can be interpreted as a direct response to the encyclical on the environment, issued by Pope Francis almost exactly a year ago.

‘The amounts of money managed by these Australian groups may be modest, but the announcement is part of the launch of a much wider initiative by the Global Catholic Climate Movement, which aims to encourage Catholics to reconsider their investment options, on both an individual and organisational level.

‘The movement will be holding seminars and provides an online divestment hub to encourage Catholics to take their money out of fossil fuels and promote reinvestment in low-carbon technologies.’

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