Jeffrey Sachs Encourages Catholic Organizations to Divest

June 16, 2016

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June 16, 2016

Professor Jeffrey Sachs, Director of the Earth Institute at Columbia University and Special Advisor to UN Secretary-General Ban Ki-moon, expressed his strong support of the four Catholic organizations that announced their plans today to divest from fossil fuels on the occasion of the first anniversary of the Pope’s encyclical Laudato Si.

In a written statement, sent to the Global Catholic Climate Movement, he stated:

“Several Catholic orders today have announced their divestment from coal, oil, and gas companies.  This is an important step in line with Pope Francis’s call in Laudato Si’ for one world with a common plan to address climate change and other environmental threats in the context of sustainable development.  Divestment sends a strong signal to the marketplace: companies need to reorient their strategies towards a low-carbon future that is safe for humanity and all life on the planet.  By redirecting capital investments towards climate-safe energy, investors help to push the world towards achievement of the Paris Climate Agreement.  Today’s step by the Catholic orders, and similar actions that are in the works, will inspire pension funds, sovereign wealth funds, universities, and other global investors to follow suit, and thereby add their financial weight to planetary safety, human dignity, and integral and sustainable human development.”

Earlier today, Professor Sachs participated in GCCM’s Laudato Si Online Conference during which he reflected on the Pope’s contribution to addressing climate change and the needed actions to move toward a sustainable future. See the full webinar here.