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Big changes are occurring in the financial sector that suggest the climate change agenda is starting to lose crucial support with the world’s largest fund managers. As support for ESG goals wane, the conversation is shifting to nuclear energy. But does it make any financial sense?
Pope Francis' latest Exhortation 'Laudate Deum,' is an evocative sequel to 'Laudato Si’, juxtaposing the urgency of our environmental predicament with the fragility of human hope. Before the upcoming COP28 conference, as nations teeter between action and inertia, the Pope's message is clear: our shared environment, and the most vulnerable among us, hang in the balance.
In the face of waning support for the Referendum on the Indigenous Voice to Parliament, Pope Francis' mission of reconciliation within the Catholic Church, particularly through the Synodal process, inspires a more united and locally-engaged approach.
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
The Church in Australia has taken a step towards greater transparency with the release by the Australian Catholic Bishops Conference (ACBC) of its first ever Annual Report-this one for the 2020 year. This step is welcome, but there is more to be done. Synodality and co-responsibility presumes that those who are walking together have equal access to information upon which to discern the future of the Church at all levels.
Every Australian diocese and parish already has its particular subcultural identity that inflects its liturgy. Celebration, being the authentic hallmark of a liturgy that reflects identity, must keep pace with a theology that also incorporates the diverse cultural space that the young inhabit.
The Australian community and its government are struggling to come to terms with the extremely serious allegations against members of the SAS for their alleged criminal misconduct during the war in Afghanistan. At the same time, we Catholics are experiencing a bad case of déjà as there are many echoes of how we felt when the Royal Commission into Institutional Responses to Child Sexual Abuse (RC) began in 2013.
Discussion of church life in Australia is incomplete without consideration of who speaks for the church at the national level. The answer to the question 'Who presides over the Catholic church in Australia?’ is more complicated than you might think.
A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.
There are guidelines, rules and laws galore. None of these stopped clergy and church personnel abusing children, or necessarily led those in authority to act. The community could therefore be forgiven a certain scepticism. Legislative changes, stronger governance and mission statements mean little without a change of heart.
In January, the tailings dam of a deactivated iron ore mine in Brumadinho, Brazil failed, releasing toxic mud that caused devastation, 117 deaths and intergenerational ecological and economic consequences. It should, and could, have been prevente by the company, Vale, who was also responsible for past tailings dam destruction.
A key benefit asserted to justify treating water as an economic good is that the market will encourage 'high-value' water use to be prioritised. But, as the fish of the Darling River and the people of Walgett are experiencing, the problem with commodifying water is its social and environment values are not naturally reflected in the market.
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