Lithium Americas Corp (LAAC)

[Cory Groshek]

40 Catholic groups to stop investing in oil/coal

Full Article: http://money.cnn.com/2017/10/03/investing/catholic-fossil-fuel-divestment/index.html?category=investing

A coalition of 40 Roman Catholic organizations said Tuesday that they will no longer invest in fossil fuels.

The group includes Italy's Sacred Convent of Assisi, the School Sisters of Notre Dame and the Bishops' Conference of Belgium.

"Catholic institutions' decision to remove their support for fossil fuels is based on both their shared value of environmental protection and the financial wisdom of preparing for a carbon-neutral economy," the Global Catholic Climate Movement, which coordinated the effort, said in a statement.

Cecilia Dall'Oglio, the group's European programs coordinator, said the total number of Catholic organizations committed to ditching fossil fuel investments has now surpassed 60. Early members of the group include the U.S.-based Wheaton Franciscans and the Italian Jesuits.

Dall'Oglio said the organizations were divesting from the largest 200 public coal, oil and gas companies, a list that includes BP (BP), Chevron (CVX) and Exxon (XOM). She said they were responding to Pope Francis' call to action on climate change.