---

 [ ARCHIVE ](https://mail.citywatchla.com/index.php?option=com_content&view=category&id=16)

#  How Would Francis Invest?

June 25 2015

Written by Emily Schwartz Greco.

<a class="a2a_button_facebook"></a><a class="a2a_button_twitter"></a><a class="a2a_button_email"></a><a class="a2a_button_print"></a>[](https://www.addtoany.com/share)

![](https://mail.citywatchla.com/images/stories/June-2015/052t.png)OTHERWORDS-When Pope Francis unveiled his letter to the world about how we must stop trashing the planet, he nearly broke the Internet.

The pithy document included hundreds of zingers, including this line: “Whatever is fragile, like the environment, is defenseless before the interests of a deified market.”

In one sense, Francis is telling investors to stop worshiping money and start paying attention to how their actions can hurt the common good. In another, it’s Pope to Wall Street: Drop Dead.

So far, no widespread soul-searching is visibly underway among the pinstriped set.

Four and a half hours after the encyclical’s release at noon in the Vatican — 6 a.m. in Manhattan — the Associated Press reported: “U.S. stocks moved higher in early trading Thursday, extending gains a day after the Federal Reserve left interest rates unchanged from historically low levels.”

As a former business reporter, I can translate. Wall Street to Pope: Whatevevs.

But, wait, isn’t this a turning point? Didn’t the Vatican just awaken the powers that be, especially the Catholics among them, to the errors of their ways?

Surely, I thought, millions of traders and brokers would get the memo once they’d read about the pope’s letter in the *Financial Times*. Not so much.

 “U.S. stocks declined, after the Standard &amp; Poor’s 500 Index traded near a record, as energy stocks dropped with oil,” Bloomberg reported the next day. The price of U.S.-drilled oil had ticked below the $60 a barrel mark due to expectations that production would again rise faster than demand, not anything Francis said.

To be fair, the pope hasn’t declared that investing in fossil fuels strikes him as a sin. Yet. Given that investors consider hedging a sacrament, I’m sharing three basic How Would Francis Invest (HWFI) commandments as a public service.

First: Thou shalt not buyeth or keepeth stocks or bonds of companies that despoil the Earth, especially in the oil, gas, and coal industries.

Second: Thou shalt invest as much money as thy holdings will allow in businesses that tread lightly upon the Earth, such as wind and solar power and energy efficiency.

Third: Thou shalt encourage thy alma mater, local government, and any institution in which thou art a stakeholder to divest from fossil fuels and invest in climate solutions.

Bonus commandments:

Thou shalt reduce, reuse, and recycle.

Thou shalt not covet thy neighbor’s Tesla.

Even if you don’t care about what the pope says about the environment or anything else, there’s no basis for believing in the sanctity of fossil fuel companies. I’ve learned firsthand that going fossil-free can yield good returns. And it’s not as hard as you might think.

![](https://mail.citywatchla.com/images/stories/June-2015/052u.png)Groups and campaigns like [Green America](http://www.greenamerica.org/PDF/FossilFree.pdf%20), [Divest Invest](http://divestinvest.org/individual/%20%20), [Go Fossil Free](http://gofossilfree.org/%20), and [As You Sow](http://www.asyousow.org/our-work/energy/climate-change/%20) offer a wealth of practical tips. Plus, a growing number of large and small investment firms are helping investors meet Francis-friendly standards.

Taking this step will protect you from losses investors are incurring from their ownership of oil, natural gas, and coal stocks and bonds and exposure to them through mutual funds and exchange-traded funds (ETFs).

At this point, people like me who are greening our portfolios can’t take credit for the poor performance of fossil-fuel assets. In the short term, we’re making more of a political and social impact. But that could change.

If the green-minded become fruitful and multiply, our grandchildren will be more likely to inherit an Earth capable of sustaining life as we know it.

*(Columnist Emily Schwartz Greco is the managi[ng editor of OtherWords, a non-profit national editorial service run by the Institute for Policy Studies. ](http://otherwords.org)[OtherWords.org](http://OtherWords.org).)*

-cw

CityWatch

Vol 13 Issue 52

Pub: Jun 26, 2015

 [ ![save up to 4000 on used evs](https://mail.citywatchla.com/images/LADWP/dwp%20ev%20ad2.png) ](https://mail.citywatchla.com/component/banners/click/107 "LA DWP | Save $4K, Green | Priority Ad")

 [ ![Donna Tryfman](https://mail.citywatchla.com/images/ADS%20FOR%202026/Donna-Tryfman-Ad-Final-Complete-Border-White-Margin.png) ](https://mail.citywatchla.com/component/banners/click/98 "Donna Tryfman - HS1-1")

 [ ![LA DWP #2 (Pay Your Bill Help)](https://mail.citywatchla.com/images/LADWP/dwp%20level%20pay%205-7-25.jpg) ](https://mail.citywatchla.com/component/banners/click/82 "LA DWP #2 (Pay Your Bill Help)")

 [ ![David DeJute Campaign](https://mail.citywatchla.com/images/ADS%20FOR%202026/DejuteAd.png) ](https://mail.citywatchla.com/component/banners/click/111 "David DeJute Campaign")

 [ ![Pay Water Bill Help](https://mail.citywatchla.com/images/LADWP/dwp%20-%20cares-ad.jpg) ](https://mail.citywatchla.com/component/banners/click/97 "Home - LA DWP #2 (Pay Water Bill Help)")

 [ ![Anna Reitano Vertical R. Col](https://mail.citywatchla.com/images/ADS%20FOR%202026/reitano%20vertical%20rework.png) ](https://mail.citywatchla.com/component/banners/click/112 "Anna Reitano Vertical R. Col")

 ![](https://mail.citywatchla.com/images/banners/signup-for-cw.png)

## Get The News In Your Email Inbox Mondays &amp; Thursdays

 Website

 ---

##  Featured CityWatch Stories

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/1c/072d-1c016ddf.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33319:when-the-last-minute-power-play-failed-sacramento-finally-ran-out-of-time&catid=375)

### [When the Last-Minute Power Play Failed: Sacramento Finally Ran Out of Time](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33319:when-the-last-minute-power-play-failed-sacramento-finally-ran-out-of-time&catid=375)

MY THOUGHTS - Gavin Newsom came to the final days of his final regular legislative session with one more major problem…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/4d/073e-4dc54bff.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33336:may-day-international-workers-day-a-major-us-holiday-ignored-by-the-media&catid=398)

### [May Day/International Workers Day, a Major US Holiday Ignored By The Media](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33336:may-day-international-workers-day-a-major-us-holiday-ignored-by-the-media&catid=398)

PLANNING WATCH - Monday, September 7, 2026, was Labor Day, a holiday only celebrated in the United States and Canada as…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/4e/072i-4e4914dd.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33314:olympics-la28s-drip-drip-drip-tactics-leave-los-angeles-holding-the-bag&catid=312)

### [Olympics: LA28’s Drip‑Drip‑Drip Tactics Leave Los Angeles Holding the Bag](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33314:olympics-la28s-drip-drip-drip-tactics-leave-los-angeles-holding-the-bag&catid=312)

NICK'S VIEW - Wonderland Los Angeles, a global symbol of dreams, myths, and possibilities, will take center stage at th…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/12/073d-1253ced3.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33338:quid-pro-no&catid=378)

### [QUID PRO NO](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33338:quid-pro-no&catid=378)

MY VIEW - Quid pro quo: Latin for “this for that.” English for “bribe.” In Assemblymember Schiavo-speak: quid pro no—“N…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/e7/072b-e7b222d1.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33321:1-billion-later-congress-comes-knocking-los-angeles-homelessness-machine-faces-its-day-of-reckoning&catid=396)

### [$1 Billion Later, Congress Comes Knocking: Los Angeles’ Homelessness Machine Faces Its Day of Reckoning](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33321:1-billion-later-congress-comes-knocking-los-angeles-homelessness-machine-faces-its-day-of-reckoning&catid=396)

THE BOTTOM LINE - For years, Los Angeles taxpayers have been told the same thing about homelessness: Give us more money…

---

##  [ ARCHIVE ](https://mail.citywatchla.com/index.php?option=com_content&view=category&id=16)

 [ ![](https://mail.citywatchla.com/images/stories/Apr-2018/034e.png) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=15339:early-intervention-and-jobs-are-key-to-stemming-chronic-homelessness-in-los-angeles&catid=16)### [Early Intervention and Jobs are Key to Stemming Chronic Homelessness in Los Angeles](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=15339:early-intervention-and-jobs-are-key-to-stemming-chronic-homelessness-in-los-angeles&catid=16)

### [Tucker Carlson and Gay Rightwinger Blame California Wildfires On Hiring LGBTQ People](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=18755:tucker-carlson-and-gay-rightwinger-blame-california-wildfires-on-hiring-lgbtq-people&catid=16)

### [Anti-LGBTQ Veep Just Can’t Stop Talking about Mayor Pete](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=17690:anti-lgbtq-veep-just-can-t-stop-talking-about-mayor-pete&catid=16)

 [ ![](https://mail.citywatchla.com/images/stories/Apr-2018/033j.png) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=15316:news-pulse-corrupt-system-reason-for-not-voting-in-2018-majority-wants-more-than-two-parties&catid=16)### [NEWS PULSE: ‘Corrupt System’ Reason for Not Voting in 2018 … Majority Wants More Than Two Parties](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=15316:news-pulse-corrupt-system-reason-for-not-voting-in-2018-majority-wants-more-than-two-parties&catid=16)

 [ ![](https://mail.citywatchla.com/images/stories/Jan-2016/1404d.png) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=10245:dead-dog-set-on-fire-sparks-fears-for-strays-in-los-angeles&catid=16)### [Dead Dog Set on Fire … Sparks Fears for Strays in Los Angeles](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=10245:dead-dog-set-on-fire-sparks-fears-for-strays-in-los-angeles&catid=16)
<div data-id="1" 
	class="eb-inst eb-hide eb-emailform eb-1 eboxContentLocker"
	data-options='{"trigger":"onPageLoad","trigger_selector":"","delay":3000,"early_trigger":true,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":1,"reverse_scroll_close":true,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":10000,"close_on_esc":false,"animation_open":"slideInDown","animation_close":"fadeOutDown","animation_duration":400,"disable_page_scroll":true,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #1 - Global Email Signup Form","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog eb-formVer" role="dialog" aria-modal="true" id="dialog1" aria-label="dialog1">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<form action="https://citywatchla.us2.list-manage.com/subscribe/post?u=34d69f33624fd058ee9b56516&amp;id=4bfa422f51&amp;f_id=00d6c2e1f0" class="eb" method="post" id="mcform-1" name="mcform-1" target="_blank">
			<div class="eb-form-header"><p><img src="/images/2023/06/be-a-city-watcher.png" alt="be a city watcher" width="350" height="97" loading="lazy" data-path="local-images:/2023/06/be-a-city-watcher.png"></p>
<p>Sign up to receive our special e-news blasts on Monday and Thursday evenings!</p></div>
	
					<div class="eb-field-row">

			
			
			
			<input class="eb-input" type="email" name="EMAIL"  placeholder="Email address"  id="EMAIL" value="" required>

			
		</div>
										
	<div class="eb-footer">
    	<button class="eb-btn" type="submit" name="subscribe" style="background-color:rgba(93, 183, 93, 1);color:rgba(255, 255, 255, 1)">
    		Sign up    	</button>
    </div>
</form>			</div>
		</div>
	</div>	
</div>
<div data-id="3" 
	class="eb-inst eb-hide eb-yesno eb-3 "
	data-options='{"trigger":"onScrollDepth","trigger_selector":"","delay":0,"early_trigger":false,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":2,"reverse_scroll_close":false,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":1000,"close_on_esc":false,"animation_open":"fadeInUp","animation_close":"fadeOut","animation_duration":300,"disable_page_scroll":false,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #3 - Yes \/ No Donation Popup Box","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog " role="dialog" aria-modal="true" id="dialog3" aria-label="dialog3">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<div class="ebox-yes-no">
	<div class="ebox-yn-text">
		
		
		<div class="ebox-yn-headline" style="font-size:22px;color:#888888">
			<p>If you only give once a month, would you consider giving to CityWatch?</p>
<p>Your support fuels our mission to promote and facilitate civic engagement and neighborhood empowerment, and to hold area government and its politicians accountable.</p>
<p>Would you like to help? Even if you can only give $5, it will make a difference.</p>		</div>
			</div>
	
	<div class="ebox-ys-buttons" style="font-size: 16px;">
		
<a
					data-ebox-prevent="0"
		data-ebox-cmd="close"
				target="_self"
		href="https://www.citywatchla.com/donate"
		rel="noopener"
	
	
	
	
	class="ebox-ys-btn"
	style="background-color:#2ec664;color:#ffffff;min-width:100px">
	Yes
	</a>
<a
	
	
			data-ebox-cmd="close"
		href="#"
	
	
	class="ebox-ys-btn"
	style="background-color:#ef2345;color:#ffffff;min-width:100px">
	Not Right Now
	</a>	</div>

	</div>			</div>
		</div>
	</div>	
</div>