04 May Church of England no longer investing in pollution intensive industries
As part of what it says is part of its “moral responsibility”, the Church of England has divested 12 Million British Pounds (approximately AUD$23.3 Million) from tar sands oil and thermal coal related projects. Head of Responsible Investment Edward Mason stated that the divestment policy sends a very clear message about the church’s investments and puts the church at the forefront of institutional investors, highlighting the urgent need to transition to a low carbon economy.
The Church of England has now divested in any company that makes more than 10% of its revenue from thermal coal and oil from tar sands. Reverend Canon Richard Burridge stated in the announcement that the church has a moral responsibility to both speak and act on environmental stewardship and justice for those most vulnerable to climate change- the poor.