Two Church of England investment bodies announce they will divest from fossil fuels
Episcopal News Service
June 22, 2023
On June 22 the Church of England’s Church Commissioners for England and the church’s Pensions Board each announced they will independently disinvest from fossil fuels this year.
The Church Commissioners for England, which manages the Church of England’s £10.3 billion endowment fund – more than $13.1 billion in U.S. dollars – said it has decided to exclude all remaining oil and gas majors from its portfolio and will exclude all other companies primarily engaged in the exploration, production and refining of oil or gas, unless they are in genuine alignment with a 1.5 degree Celsius pathway formalized in the 2015 Paris Agreement, by the end of 2023. The General Synod will meet July 7-11 in York.