Christian Brothers lose faith in fossil fuel investments

The Christian Brothers and other Irish religious orders are divesting themselves of investments in fossil fuels, in an effort to reduce their carbon footprints.

The decision is being taken in support of Operation Noah, a project that encourages faith-based organisations to rid themselves of investments in industries that are harmful to the environment.

The Monastery of St Alphonsus, run by the Redemptoristine Sisters, and the Sisters of Our Lady of Apostles are also transferring their investments into ethical funds.

Brother Edmund Garvey, the provincial leader of the Christian Brothers, yesterday confirmed his order has moved all its assets into investment funds that are considered sustainable and ethical. Garvey said that the decision had proved to be financially prudent, because the value of the assets had