Until now, the Church had argued that it could have had more effect on the environment and ensuring the fossil fuel giants reach global targets by retaining its shares and encouraging them to decarbonise. Separately, the Synod voted in 2020 in favour of setting a target for the institution to achieve carbon neutrality by 2030. The decision comes after the General Synod, the Church’s lawmaking body, voted in 2018 to disinvest from fossil fuel companies that were failing to take significant action on tackling climate change by 2023. The Church will divest from oil and gas companies – and sell their stocks – over a perceived lack of action on net zero and failures to halt global warming. The Church of England is selling its investments in BP, Shell Total and a string of other big oil and gas companies, concluding that they do not “protect God’s creation”.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |