From the Website of CBCP
links: : https://cbcpnews.net/cbcpnews/manila-archdiocese-divests-from-coal-other-destructive-businesses/
Manila archdiocese divests from ‘coal, other destructive businesses’
The Roman Catholic Archdiocese of Manila announced it has divested from fossil fuels, the largest contributor to climate change, and what it called “other destructive businesses”. In his message for the ongoing “Season of Creation,” Cardinal Jose Advincula said the move was made ‘years ago’ in response to the calls of Pope Francis’ 2015 encyclical “Laudato Si”. “This is to inform everyone that the Archdiocese of Manila has divested all our investments from coal and other destructive businesses since years ago,” Advincula said. The decision, according to him, was also “in consonance with our faith and the earlier social teachings of the Church”. “We commit to relentlessly support all initiatives that will protect, preserve, nurture, and respect God’s creation,” he said. In 2019, the country’s Catholic bishops agreed to divest from ‘dirty energy’ sources, such as coal-fired power plants. While only a few dioceses used to have investments in coal, the bishops emphasized the need for collective action to address the climate crisis. In its February 2022 pastoral letter, the Catholic Bishops’ Conference of the Philippines (CBCP) called for unity among churches to urgently respond to the problem. The Season of Creation is a global and ecumenical celebration that runs from September 1 to October 4, coinciding with the feast of St. Francis of Assisi. In the Philippines, the dioceses extend the observance to the second Sunday of October, known as Indigenous Peoples’ Sunday. The cardinal added that the archdiocese is committed to responding to the goals of Laudato Si ‘by mobilizing various institutions to become part of the Laudato Si Action Platform to achieve integral ecology.'”
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