<
https://international.la-croix.com/laudato-si/cop29-christian-institutions-divest-from-fossil-fuels>
"For Brother Xavier Boutiot, treasurer of a Benedictine abbey in central
France, pulling the abbey's investments from fossil fuels was an obvious step.
Committed to the “Green Church” initiative for four years, the Olivetan monks
aimed for consistency in all aspects of their community life. “Financial
investments have an ecological impact that is 25 times greater than our daily
actions!” emphasized the treasurer.
To embark on this ecological and financial transition, the abbey had to
scrutinize its investments, which was not straightforward. “The financial world
is so opaque for basic investors like us, who don’t have access to all the
information,” explained Boutiot. “We called our banks that were not on board
with this direction, explained our reasoning, and applied some pressure by
saying, ‘Either you support us in this approach, or we’ll switch banks.’”
The French abbey is among the religious organizations cited by an international
coalition of Christian associations for divesting from fossil fuel companies.
On November 12, at COP29 in Baku, Azerbaijan, the coalition announced that 27
dioceses, congregations, parishes, and associations committed to ethical
finance."
Via
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Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
