The University of Dayton announced it’s pulling out its $670 million invested in fossil fuel companies while increasing investments in sustainable energy.
Their financial advisor applauds the decision as being on track ethically and financially. They “are acting as true leaders both from their faith and their financial responsibility … more people are understanding the financial risk that underlies fossil fuels in the stock market. It’s not only values, but valuation risk associated with owning fossil fuel companies,” reportedly said Thomas Van Dyck, senior vice president of RBC’s SRI Wealth Management Group.
Mind you, the University of Dayton has continue to provide coverage of contraception for employees and refused to file a lawsuit against the Obama administration for its breach of religious liberty.
So oil is against the faith but contraception is fine. Tells you a lot about the state of Catholicism at Dayton, doesn’t it?