Catholic organisations have joined forces and announced their divestment of fossil fuels today. Four Catholic organisations have collaborated and will sell their investments in coal, oil, and gas companies – something that’s never been seen before. The announcement comes on the first anniversary of Pope Francis’ encyclical on ecology, Laudato Si.
The Marist Sisters Australia, Presentation Congregation Queensland, Presentation Sisters Wagga Wagga, and The Passionists – Holy Spirit Province Australia, New Zealand, Papua New Zealand and Vietnam, are the congregations that have decided to abandon fossil fuels and embrace renewable energy. More Catholic organisations are anticipated to announce a pledge to begin a divestment process in October, in celebration of the Feast of St Francis.
In committing to divest, these organisations join about 530 institutions globally, representing over $3.4 trillion in funds under management. They include the World Council of Churches, the Norwegian Sovereign Wealth Fund, the Rockefeller Brothers Fund, Stanford and Oxford Universities, the Australian Capital Territory, the City of Newcastle and the Royal Australian College of Physicians.
Throughout the world, other Catholic institutions including Georgetown University, University of Dayton, Trocaire, Franciscan Sisters of Mary and more already committed to divest. The Global Catholic Climate Movement just announced a “Catholic Divest-Reinvest Online Hub” to house Divest-Reinvest news and resources for the Catholic community.
In the words of Pope Francis’ encyclical: “We know that technology based on the use of highly polluting fossil fuels – especially coal, but also oil and, to a lesser degree, gas – has to be progressively replaced without delay.”
This ask to move away from fossil fuels was emphatically stressed by a 2015 statement of Catholic Bishops from all continents, whom asked to “put an end to the fossil fuel era… and provide affordable, reliable and safe renewable energy access for all.”
Across the world, Catholic parishes and communities celebrate the encyclical’s anniversary with the Laudato Si Week, which includes a series of online conferences and local events to deepen the discussion of their role in caring for the planet and tackling climate change.
“Laudato Si calls not only on Catholics, but on the ability of all humanity to work together to protect our common home. These congregations now join hundreds of institutions worldwide who have divested from fossil fuels, in response to the urgent moral call to stop funding an industry that is irresponsibly driving our planet to dangerous warming levels. Climate change is already taking a toll on humanity, harming those who are more vulnerable first,” said Yossi Cadan, Global Senior Divestment Campaigner at 350.org.
“These congregations mark the beginning of a new momentum for the Catholic Church. Pope Francis’ encyclical highlights that politics and business have been slow to react in a way commensurate with the urgency of the challenges facing our world. Through divestment from fossil fuels and reinvestment in clean energy, Catholic institutions are starting to use their financial resources to live Laudato Si,” said Tomás Insua, Founding Coordinator of the Global Catholic Climate Movement.
“Marist Sisters in Australia are working towards divesting from fossil fuels. Dependence on fossil fuels is contributing to adverse climate change which affects everyone but especially the poor and vulnerable. In his encyclical, Laudato Si, Pope Francis calls on us to reduce carbon emissions and develop sources of renewal energy. Divesting of fossil fuels is one way that we can be stewards of God’s gift of creation so that life in all its forms can be sustained now and into the future.” said Sr Catherine Lacey SM, Congregation Leader, Marist Sisters, Australia.
“We recognise our need to engage in respectful and transformative relationships with the whole community of life. For many years Queensland Presentation Sisters have excluded any investment in our portfolio held with companies primarily associated with fossil fuels, uranium mining and environmental degradation. This is a key part of the way we engage in God’s mission, especially at a time when the challenge to address global warming is so urgent,” said Sister Marlette Black, Congregational Leader, Presentation Congregation Queensland.
“We made the decision to align our investments with projects that reflect our values and understanding of the importance of caring for creation. The decisions are made after much careful consideration and in the knowledge that our decision won’t change things overnight – this is a long term investment in the earth’s future,” said Anne Lane, Leader of the Presentation Sisters Wagga Wagga.
“For some years now our Passionist Congregation has been aware of the need for our communities and ministries to be far more ecologically responsible. Pope Francis, in his Laudato Si, crystallised for us the level of responsibility we need to take as a Congregation, the urgency for action ever more apparent. So we Trustees of the Passionists took the decision to begin diverting our investments from fossil fuel extractive industries and into renewable energy. We believe the Gospel asks no less of us,” said Father Thomas McDonough CP, Provincial of The Passionists – Holy Spirit Province Australia, NZ, PNG & Vietnam.
Responsible Energy Investments Could Solve Retirement Funding Crisis
Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.
Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”
Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.
Tip #1: Focus & Determination
Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.
Tip #2: Minimize Spending
One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!
Tip #3: Visualize Your Goal
You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.
Investing in Clean Energy
One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.
With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.
The Future of Green Biz
As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.
Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.
In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!
How to make a sustainable living out of Forex Trading?
There are two different types of forex trading in general: the profitable one and the not so profitable one. Everyone wants good profits at the end of the day, but unfortunately a good number of traders are burdened with the huge losses at the end of their forex careers. Many newbies run the other way around when they hear about forex trading due to heavy losses in their initial period. Of course, you would have heard about all those success stories, in your friends’ circle or on the internet. However, if you are looking forward to replicate those success stories, you need get yourself ready before that.
In this article, we will discuss the six essential skills that are needed to earn some profits from trading foreign currencies and make a sustainable living out of it.
1. Limit your risk ceiling
When you start with forex, you should try to define limits. Try to create a balanced scorecard that defines your personality with regards to various parameters such as your strengths, weaknesses, behaviors, and ability to take risks. It is essential that you list your financial goals before you start with forex trading.
2. Learn about leverage ratio and account type
When you start, brokers will suggest different forex trading accounts that might take you for a whirl if you aren’t prepared. Each forex trading account has its own pros and cons. It is essential that you engage with your broker to create a mini trading account so that you will be able to warm up on your forex trading skills in a low risk environment.
3. Start small
While starting out, some investors rush to have multiple currency pairs without doing proper research on them beforehand. It is very important have you understand the nature and volatility of a currency before you start trading a pair. Every single foreign currency is like a market onto itself. It is therefore important that you take the time to study about the country before forming pairs to understand the volatility of the currency. By using forex trading platforms such as ETX Capital, you can take informed decisions easily.
4. Learn to control emotions
A forex trader should never take any decisions on the spur of the moment based on emotions and should be as rational as he can. Controlling your impulses is the key to becoming a great forex trader.
5. Automate your processes
I am not suggesting you to rely completely on forex robots and trade copiers, but make use of the latest automation tech to execute transactions faster than ever before. Make use of automation features such as stop loss, price options etc. to make the most out of the exciting opportunities.
6. Keep it simple.
Not everyone can be a genius economist, mathematician and a trader, bundled into one. Forex trading is not a complex subject, you only need to arm yourself with positive thinking, and set yourself clear and realistic goals.
I hope this article was useful for you to learn about the key reasons why online forex trading is a good investment and how you can earn money through it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Though it’s a reliable source of income, you will have to educate yourself properly before you start investing. It is important that you take the time to understand why things are the way they are before you jump all in and start making your first big bucks. All the best for your future ventures and keep coming for more interesting and useful articles.
- Energy2 weeks ago
How Much Energy Does Bitcoin Use, Really?
- Environment3 weeks ago
Biggest Tip to Eco-Friendly Car Ownership (Which May Surprise You)
- Energy3 weeks ago
Top 5 Changes You can Make in Your Life to Reduce Your Carbon Footprint
- Energy3 weeks ago
4 Energy Efficient Home Upgrades that You Can Install Yourself