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The Church of England voted to withdraw investment
from companies that are not doing enough to tackle climate change.
Tackling climate change The Church of England will divest its investment in oil and gas companies
The General Council of the Church of the State said there was broad support for its ongoing strategy of working with companies rather than investing
in them prematurely.
However, the General Assembly added that the target must ensure that the goals of the Paris climate agreement are met by 2023, otherwise investments in oil and gas companies will be
withdrawn.
A spokesman for the Church of the State said: "The vote in the General Council shows that the Church must play a leading role and exercise its moral leadership on
the pressing issue of climate change.
Today's decision will allow us to continue to drive real change in the oil and gas industry and drive the change
we want to see through our voting power and the right to submit shareholder resolutions.
”
,
The Church of England voted to withdraw investment
from companies that are not doing enough to tackle climate change.
Tackling climate change The Church of England will divest its investment in oil and gas companies
Tackling climate change The Church of England will divest its investment in oil and gas companiesThe General Council of the Church of the State said there was broad support for its ongoing strategy of working with companies rather than investing
in them prematurely.
However, the General Assembly added that the target must ensure that the goals of the Paris climate agreement are met by 2023, otherwise investments in oil and gas companies will be
withdrawn.
A spokesman for the Church of the State said: "The vote in the General Council shows that the Church must play a leading role and exercise its moral leadership on
the pressing issue of climate change.
Today's decision will allow us to continue to drive real change in the oil and gas industry and drive the change
we want to see through our voting power and the right to submit shareholder resolutions.
”
,