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The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."
Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney
The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."
Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney
BALTIMORE (AP) — Soon after U.S. bishops inside a Baltimore hotel approved materials on how Catholics should vote in 2024 elections, their recently ousted colleague and dozens of his supporters rallied outside the annual fall business meeting. We are serving migrants in our dioceses.”Outside the meeting’s last day of public sessions, Strickland, the ousted bishop, continued to make his presence known. When the pope asked Bishop Strickland to resign, it was a wound to the whole church,” Allen said. Many U.S. Catholic student centers are named in honor of Newman, which Bishop William Byrne, a former college chaplain, pointed out. ___Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.
Persons: , Bishop Joseph Strickland, Pope Francis, restate, , William Lori, Strickland, Cardinal Christophe Pierre, Pope Francis ’, Mary Rappaport, Suzanne Allen, , Bishop Strickland, ” Allen, Rappaport, ” Strickland, Cardinal John Henry Newman, Newman, Bishop William Byrne, ” Newman, Robert Barron, ” ___ Smith Organizations: BALTIMORE, U.S . Conference of Catholic Bishops, U.S, Catholic, ___, Lilly Endowment Inc, AP Locations: Baltimore, Tyler , Texas, America, , United States, Alexandria , Virginia, Westport , Connecticut, Winona, Rochester, Minnesota, Pittsburgh
Maryland's attorney general has said that there are more than six hundred known survivors of clergy abuse in the state, numbers that the Archdiocese said it could not verify. The Archdiocese of Baltimore is the oldest Catholic diocese in the United States, serving over 485,000 in several Maryland counties. Sex abuse lawsuits have driven several other Catholic dioceses into bankruptcy. Previous Catholic bankruptcies have led to large settlements for abuse claims, such as a $121.5 million 2022 settlement in the bankruptcy of the Santa Fe Archdiocese. Many of the dioceses that filed for Chapter 11 after recent changes in state law remain in bankruptcy without finalized settlements.
Persons: William Lori, Lori, David Lorenz, Lorenz, Dietrich Knauth, Daniel Wallis Organizations: Archdiocese, U.S, Survivors Network, Bankruptcy, San Francisco, Thomson Locations: Baltimore, Maryland, Church, Archdiocese, United States, New York, California, Oakland, Santa Barbara, San, Santa Fe Archdiocese
The U.S. Conference of Catholic Bishops on Tuesday chose two conservatives to serve as national president and vice president, a move that signals strong support among the nation’s top bishops for a policy platform centered on opposition to abortion. Archbishop Timothy Broglio, a former Vatican diplomat who oversees ministry to Catholics in the U.S. Armed Forces, was elected president with 138 out of 237 votes at the fall meeting of the bishops in Baltimore. He succeeds Archbishop José Gomez of Los Angeles. Archbishop William Lori of Baltimore was elected vice president by 143 votes out of 239.
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