Catholic church to make record divestment from fossil fuels

More than 40 Catholic institutions will make largest ever faith-based divestment, on the anniversary of the death of St Francis of Assisi

More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi.

The sum involved has not been disclosed but the volume of divesting groups is four times higher than a previous church record, and adds to a global divestment movement, led by investors worth $5.5tn.