Philippine Catholic Church condemns mining but owns shares in Philex

SOURCE: http://www.manilastandardtoday.com/insideNews.htm?f=2011/may/24/news1.isx&d=2011/may/24

Church condemns mining but owns shares in Philex

by Rey T. Salita

THE Chamber of Mines on Monday slammed the Catholic Church for condemning all mining activities in Palawan when some of its members own shares in a mining firm.

Chamber head Jerry Brimo produced before a breakfast forum in Makati a report of Philex Mining Corp. listing the shares in the company owned by the Archbishop of Manila, the Religious of the Virgin-B, and the Archbishop of Zamboanga.

The report for the quarter to March 31, 2011, listed the Archbishop of Manila as owning 3,221,135 shares in the copper and gold mining firm, the Religious of the Virgin-B with 3,125,777 shares plus another 1,091,027, and the Archbishop in Zamboanga with 1,116,147 shares.

“How can the Catholic Church give its moral backing to environmental advocates in Palawan protesting against mining in general?” said Brimo, head of Nickel Asia Corp. in the province.

is this another hypocrisy?

you the one to judge.