Pull investments from companies not committed to environment, pope says

By Philip Pullella
VATICAN CITY (Reuters) - Pope Francis on Saturday urged people to invest from companies that are not committed to protecting the environment and advocated that the economic model emerging from the coronavirus pandemic be sustainable should.
Francis spoke in a video message for an online event entitled "Countdown Global Launch, A Call To Action Against Climate Change".
"Every day science tells us more precisely that we must act urgently ... if we are to have the hope of avoiding radical and catastrophic climate change," he said.
The Pope listed three points of action: better education about the environment, sustainable agriculture and access to clean water, and the transition from fossil fuels.
"One way to encourage this change is to lead companies to the urgent need to commit to the integral maintenance of our common home, except for investment firms that do not meet (these) parameters ... and reward those that do (to do)." he said.
He said the pandemic had made the need to address the climate crisis and related social issues even more pressing.
"The current economic system is unsustainable. We face a moral imperative ... to rethink many things," he said, listing means of production, consumerism, waste, indifference to the poor and harmful energy sources.
In June, a Vatican document called on Catholics to abandon the defense and fossil fuel industries and monitor companies in sectors such as mining for possible environmental damage.
Other speakers and activists at the online event included actress Jane Fonda, British Prince William, former US Vice President Al Gore and European Commission President Ursula von der Leyen.

(Reporting by Philip Pullella; editing by Christina Fincher)

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