<
https://www.reuters.com/sustainability/church-england-plans-disinvest-fossil-fuels-this-year-2023-06-22/>
"LONDON, June 22 (Reuters) - The Church of England Pensions Board said it had
decided to divest its holding in Shell (SHEL.L) over what it said were
insufficient plans to align its strategy to the goal of limiting global warming
to 1.5 degrees Celsius.
The Board, which up to 2022 led engagement with Shell on behalf of the CA100+
climate-focussed investor group, has around 1.35 million pounds ($1.72 million)
invested in Shell of its total 3.2 billion pounds in investments.
The Church of England's separate 10.3 billion pound Church Commissioners fund
will also divest from all remaining oil and gas companies in its portfolio,
including Shell, BP (BP.L), Equinor (EQNR.OL) and TotalEnergies (TTEF.PA), it
said on Thursday.
"The Church will follow not just the science, but our faith – both of which
call us to work for climate justice," Justin Welby, the Archbishop of
Canterbury, said in a statement.
The Pensions Board said in its statement it would no longer prioritise
engagement with the oil and gas sector on climate change and would instead
refocus its efforts on reshaping the demand for oil and gas from sectors such
as the auto industry."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-poverty-india-democracy-us-restoration-china/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
