October 4, 2016 — The Jesuits in English Canada join other Catholic institutions around the world to announce they are divesting from fossil fuel extraction, making this the largest faith-based divestment announcement.
“Climate change is already affecting poor and marginalized communities globally, through drought, rising sea levels, famine and extreme weather and we are called to take a stand,” says Father Peter Bisson, SJ, Provincial (Superior) of the Jesuits in English Canada Province.
The Jesuits will immediately stop all future investments in fossil fuels and work to divest such holdings from the current portfolio within five years.
Today, given that climate change “represents one of the principal challenges facing humanity,” (Pope Francis, Laudato Si’ #25), the Jesuits wish to ensure their investment portfolio reflects their commitment to a clean energy future.
The Jesuits in English Canada join other Catholic groups in Italy, Australia, Papua New Guinea, the United States, Brazil, and Hong Kong.
The Jesuits, an order of priests and brothers in the Roman Catholic Church, have worked in Canada for more than 400 years. They have responsibility for the direction of schools, churches, retreat houses, and a variety of social ministries that span from St. John’s, Newfoundland and Labrador to Vancouver, British Columbia. There are currently 150 Jesuits in English Canada.