Pope Francis calls for ‘global financial charter’ at Vatican climate change conference

From LifeSiteNews

By Michael Haynes, Snr. Vatican Correspondent

Pope Francis called for a ‘new global financial charter’ by 2025 which would be centered on climate change and ‘ecological debt’ in a keynote address at the Vatican-organized ‘Climate Crisis to Climate Resilience’ conference.

Addressing a Vatican-hosted climate change conference, Pope Francis called for a “new global financial charter” by 2025 which would be centered on climate change and “ecological debt.”

“There is a need to develop a new financial architecture capable of responding to the demands of the Global South and of the island states that have been seriously affected by climate catastrophes,” said Pope Francis on Thursday, May 16.

The Pontiff’s words came towards the end of his keynote address at the conference “Climate Crisis to Climate Resilience,” organized jointly by the Vatican’s Pontifical Academy of Sciences and Pontifical Academy of Social Sciences.

JUST IN: #PopeFrancis urges @CasinaPioIV climate change conf to work for “global de-carbonization” adding: “The data emerging from this summit reveal that the specter of climate change looms over every aspect of existence, threatening water, air, food and energy systems.”… pic.twitter.com/t7cV4ne0s4

— Michael Haynes 🇻🇦 (@MLJHaynes) May 16, 2024

Outlining a three-fold action plan to respond to the “planetary crisis,” Francis told the participants that any such action must be centered around financial action.

“The restructuring and reduction of debt, together with the development of a new global financial charter by 2025, acknowledging a sort of ecological debt – we must work on this term: ecological debt – can be of great assistance in mitigating climate changes,” he said, appearing to allude to an already existing, but as yet unpublished, charter.

The Pope’s three-fold plan also highlighted his call for “policy changes” based on climate adherence and the reduction of warming, fossil fuel reliance, and carbon dioxide:

First, a universal approach and swift and decisive action is needed, capable of producing policy changes and decisions. Second, we need to reverse the curve of warming, seeking to halve the rate of warming in the short space of a quarter of a century. At the same time, we need to aim for global de-carbonization, eliminating the dependence on fossil fuels.

Third, large quantities of carbon dioxide must be removed from the atmosphere through environmental management spanning several generations.

Francis’ call for finance-related policies to implement climate change goals will have been met especially warmly by certain attendees of the Vatican’s conference. Among the numerous participants and speakers at the three-day event were ardent pro-climate change advocates California Gov. Gavin Newsom, London’s Mayor Sadiq Khan, New York Gov. Kathy Hochul, Massachusetts’s lesbian Gov. Maura Healey, along with academics and politicians from South America, Africa, Italy, and Taiwan.

Newsom and Khan – both of whom have implemented sweeping and highly controversial measures in the name of climate change – spoke respectively on “The Gold Standard – Climate Leadership in the Golden State” and “Governance in the Age of Climate Change.” Khan also wrote in the U.K.’s The Tablet that he joins his voice to that of Francis “to support climate resilience efforts and advocate for climate justice.”

Green finance for the future

Last October 4, Francis published a second part to his 2015 environmental encyclical letter Laudato Si’ in the form of the Apostolic Exhortation Laudate Deum, in which he issued stark calls for “obligatory” measures across the globe to address the issue of “climate change.”

READ: Pope Francis calls for obligatory global ‘climate change’ policies in new document ‘Laudate Deum’

“It is no longer possible to doubt the human – ‘anthropic’ – origin of climate change,” wrote the Pontiff, before later calling for mandatory alignment with “green” policies:

If there is sincere interest in making COP28 a historic event that honors and ennobles us as human beings, then one can only hope for binding forms of energy transition that meet three conditions: that they be efficient, obligatory and readily monitored.

Francis’ oft-repeated lines on the subject have repeatedly born similarities to the sentiments expressed by key globalist and founder of the World Economic Forum (WEF) Klaus Schwab, whose proposed anti-Catholic “Great Reset” is underpinned by a focus on a “green” financial agenda, as he mentions the “withdrawal of fossil-fuel subsidies” and a new financial system based on “investments” which advance “equality and sustainability” and the building of a “‘green’ urban infrastructure.”

Indeed, the world of finance is one of the sectors that is most devoted to implementing “climate change” policies, such as those outlined by the Paris Agreement – the pro-abortion climate agreement to which the Vatican joined in 2022.

A lesser-known third aim of the Paris Agreement pertains directly to the financial element of the document, ensuring that the future of global finance is directly connected to the various climate change efforts laid out in the Paris Agreement. It reads:

Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

This aim provides the basis for international governments to link provision of finance to the implementation of the “green” agenda of the Paris Agreement. The almost unknown Network of Central Banks and Supervisors for Greening the Financial System (NGFS) was born at the Paris “One Planet Summit” in December 2017, with the purpose of transforming the global economy in alignment with “green” climate change policies.

READ: Secretive international banking group may enforce Great Reset ‘green’ agenda on world

Already, it numbers 138 members, with an additional 21 observer organizations, including national and international banks such as the “Bank of Canada; Bank of England; Banque de France; Dubai Financial Services Authority; European Central Bank; Japan FSA; People’s Bank of China; Swiss National Bank; U.S. Federal Reserve.”

Such policies are regularly at the forefront of international finance meetings as well. One such example was last year, when French President Emmanuel Macron called for a “public finance shock” based around climate issues and global finance. His address was given to international leaders at the 2023 Summit for a New Global Financial Pact, held in Paris.

Up Next

Ottawa should end war on plastics for sake of the environment

Don't Miss

Jerry Came to See The Babies. And They Walked Out On Him

Todayville

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

Manhunt on for suspect in shooting deaths of Minnesota House speaker, husband

Canadian Energy Centre / 4 hours ago

Cross-Canada economic benefits of the proposed Northern Gateway Pipeline project

Alberta / 4 hours ago

Albertans need clarity on prime minister’s incoherent energy policy

Canadian Energy Centre

Cross-Canada economic benefits of the proposed Northern Gateway Pipeline project

Published on June 15, 2025

Todayville

From the Canadian Energy Centre

Billions in government revenue and thousands of jobs across provinces

Announced in 2006, the Northern Gateway project would have built twin pipelines between Bruderheim, Alta. and a marine terminal at Kitimat, B.C.

One pipeline would export 525,000 barrels per day of heavy oil from Alberta to tidewater markets. The other would import 193,000 barrels per day of condensate to Alberta to dilute heavy oil for pipeline transportation.

The project would have generated significant economic benefits across Canada.

The following projections are drawn from the report Public Interest Benefits of the Northern Gateway Project (Wright Mansell Research Ltd., July 2012), which was submitted as reply evidence during the regulatory process.

Financial figures have been adjusted to 2025 dollars using the Bank of Canada’s Inflation Calculator, with $1.00 in 2012 equivalent to $1.34 in 2025.

Total Government Revenue by Region

Between 2019 and 2048, a period encompassing both construction and operations, the Northern Gateway project was projected to generate the following total government revenues by region (direct, indirect and induced):

British Columbia

Provincial government revenue: $11.5 billion
Federal government revenue: $8.9 billion
Total: $20.4 billion

Alberta

Provincial government revenue: $49.4 billion
Federal government revenue: $41.5 billion
Total: $90.9 billion

Ontario

Provincial government revenue: $1.7 billion
Federal government revenue: $2.7 billion
Total: $4.4 billion

Quebec

Provincial government revenue: $746 million
Federal government revenue: $541 million
Total: $1.29 billion

Saskatchewan

Provincial government revenue: $6.9 billion
Federal government revenue: $4.4 billion
Total: $11.3 billion

Other

Provincial government revenue: $1.9 billion
Federal government revenue: $1.4 billion
Total: $3.3 billion

Canada

Provincial government revenue: $72.1 billion
Federal government revenue: $59.4 billion
Total: $131.7 billion

Annual Government Revenue by Region

Over the period 2019 and 2048, the Northern Gateway project was projected to generate the following annual government revenues by region (direct, indirect and induced):

British Columbia

Provincial government revenue: $340 million
Federal government revenue: $261 million
Total: $601 million per year

Alberta

Provincial government revenue: $1.5 billion
Federal government revenue: $1.2 billion
Total: $2.7 billion per year

Ontario

Provincial government revenue: $51 million
Federal government revenue: $79 million
Total: $130 million per year

Quebec

Provincial government revenue: $21 million
Federal government revenue: $16 million
Total: $37 million per year

Saskatchewan

Provincial government revenue: $204 million
Federal government revenue: $129 million
Total: $333 million per year

Other

Provincial government revenue: $58 million
Federal government revenue: $40 million
Total: $98 million per year

Canada

Provincial government revenue: $2.1 billion
Federal government revenue: $1.7 billion
Total: $3.8 billion per year

Employment by Region

Over the period 2019 to 2048, the Northern Gateway Pipeline was projected to generate the following direct, indirect and induced full-time equivalent (FTE) jobs by region:

British Columbia

Annual average: 7,736
Total over the period: 224,344

Alberta

Annual average: 11,798
Total over the period: 342,142

Ontario

Annual average: 3,061
Total over the period: 88,769

Quebec

Annual average: 1,003
Total over the period: 29,087

Saskatchewan

Annual average: 2,127
Total over the period: 61,683

Other

Annual average: 953
Total over the period: 27,637

Canada

Annual average: 26,678
Total over the period: 773,662

Alberta

Albertans need clarity on prime minister’s incoherent energy policy

Published on June 15, 2025

Todayville

From the Fraser Institute

By Tegan Hill

The new government under Prime Minister Mark Carney recently delivered its throne speech, which set out the government’s priorities for the coming term. Unfortunately, on energy policy, Albertans are still waiting for clarity.

Prime Minister Carney’s position on energy policy has been confusing, to say the least. On the campaign trail, he promised to keep Trudeau’s arbitrary emissions cap for the oil and gas sector, and Bill C-69 (which opponents call the “no more pipelines act”). Then, two weeks ago, he said his government will “change things at the federal level that need to be changed in order for projects to move forward,” adding he may eventually scrap both the emissions cap and Bill C-69.

His recent cabinet appointments further muddied his government’s position. On one hand, he appointed Tim Hodgson as the new minister of Energy and Natural Resources. Hodgson has called energy “Canada’s superpower” and promised to support oil and pipelines, and fix the mistrust that’s been built up over the past decade between Alberta and Ottawa. His appointment gave hope to some that Carney may have a new approach to revitalize Canada’s oil and gas sector.

On the other hand, he appointed Julie Dabrusin as the new minister of Environment and Climate Change. Dabrusin was the parliamentary secretary to the two previous environment ministers (Jonathan Wilkinson and Steven Guilbeault) who opposed several pipeline developments and were instrumental in introducing the oil and gas emissions cap, among other measures designed to restrict traditional energy development.

To confuse matters further, Guilbeault, who remains in Carney’s cabinet albeit in a diminished role, dismissed the need for additional pipeline infrastructure less than 48 hours after Carney expressed conditional support for new pipelines.

The throne speech was an opportunity to finally provide clarity to Canadians—and specifically Albertans—about the future of Canada’s energy industry. During her first meeting with Prime Minister Carney, Premier Danielle Smith outlined Alberta’s demands, which include scrapping the emissions cap, Bill C-69 and Bill C-48, which bans most oil tankers loading or unloading anywhere on British Columbia’s north coast (Smith also wants Ottawa to support an oil pipeline to B.C.’s coast). But again, the throne speech provided no clarity on any of these items. Instead, it contained vague platitudes including promises to “identify and catalyse projects of national significance” and “enable Canada to become the world’s leading energy superpower in both clean and conventional energy.”

Until the Carney government provides a clear plan to address the roadblocks facing Canada’s energy industry, private investment will remain on the sidelines, or worse, flow to other countries. Put simply, time is up. Albertans—and Canadians—need clarity. No more flip flopping and no more platitudes.