(Church Times) C of E urged to pull out of fossil fuels

CHRISTIAN AID has challenged the Church of England to disinvest from fossil fuels, after it emerged that the Archbishop of Canterbury was involved in persuading a major investment fund to pull its own money out fossil fuels.

BMO Global Asset Management’s range of “responsible” funds will no longer invest in any company which has reserves of fossil fuels, it an­­nounced on Monday. Archbishop Welby is the president of the firm’s ethical advisory council, and report­edly played a key part in pushing through the change in policy, which will be implemented by 2020.

Christian Aid is now ques­tioning why the Archbishop cannot play the same part closer to home and pull the C of E’s own investments out of fossil-fuel reserves.

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Posted in Church of England (CoE), Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Stock Market