Posted on 06/30/2023 6:26:38 PM PDT by marshmallow
The Church will follow not just science, but faith that calls to work for climate justice, says Archbishop of Canterbury
Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment portfolio because of climate concerns.
The body that manages the Church's £10.3-billion ($13.1-billion) endowment fund excluded 20 companies from its list of financial assets two years ago.
It has now extended the ban to 11 more, including BP, ExxonMobil, Shell and TotalEnergies, after assessing that none was meeting the goals of the 2015 UN climate accord to tackle global warming.
"With the 2021 exclusions and those announced today, the Church Commissioners (for England) will have excluded all oil and gas majors," it said.
"The broader exclusion of all oil and gas exploration, production and refining companies will follow by the end of 2023."
The Church of England Pensions Board announced separately that it, too, would disinvest from fossil fuels.
Archbishop of Canterbury Justin Welby, a former oil company executive who leads the worldwide Anglican Communion of affiliated churches, said Christians had "a duty to protect God's creation".
"Energy companies have a special responsibility to help us achieve the just transition to the low-carbon economy we need," he added.
"Some progress has been made, but not nearly enough. The Church will follow not just the science, but our faith –- both of which call us to work for climate justice."
First Church Estates Commissioner Alan Smith said the decision to divest "was not taken lightly" but energy majors had been too slow to act.
(Excerpt) Read more at ucanews.com ...
That’s not good stewardship
They’ve been effectively propagandized.
Church of England should give up using gas and oil.
Church of England refuses to invest in developing countries that depend on reliable energy more than anybody else does.
Are they using gas and oil?
Founded by a king who wanted a divorce—’nuff said.
I hope they all don’t heat their buildings and living quarters with pesky gas or electric this winter.
Chumps of England.
“With the 2021 exclusions and those announced today, the Church Commissioners (for England) will have excluded all oil and gas majors,” it said.”
Stick to the Good Book you handjobs. Hope they lose their cassocks.
I hope they aren’t able to heat with anything.
King is green fool himself.
That’s fine in the summer but just wait until the cold winters.
Not like they believe in Jesus anyway.
Not good. King Charles is the head of the Church of England.
Oil and gas should halt their association with the COE immediately! Turn about, fair play pip pip and some biscuits to go.
Retards.
If they were honest and intelligent, they would be canonizing John D.Rockeller and the other “founding fathers” of our great oil industry.
They were responsible for improving living conditions beyond those of earlier times.
People live longer and healthier than they did before the great improvement in civilization fueled by the great oil companies.
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