Church of England vows to fight ‘great demon’ of climate change
The Church of England has said that it will, as a last resort, pull its investments from companies that fail to do enough to fight the “great demon” of climate change and ignore the church’s theological, moral and social priorities.
Although the church’s Ethical Investment Advisory Group (EIAG) has resisted calls for the church to pull its money from fossil fuel companies, insisting that engagement is the best way to effect change, its deputy chairman told the General Synod that it was considering “all options” when it came to developing future investment policy.
“Make no mistake, we reserve the final option of disinvesting from those particular companies who resist change,” said the Rev Canon Professor Richard Burridge, adding that the church had sold its £3.8m stake in the controversial mining company Vedanta four years ago following concerns about its human rights record.
“Climate change is in sharp focus at the moment, with the UK experiencing such extreme flooding that even the chief scientist of the Met Office links [it] to climate change – not to mention forest fires in Australia and blizzards in the USA,” he told the synod meeting in London on Wednesday. “Scientists warn about the damage we are creating but we do very little to mitigate the threat, or adapt to it.” http://www.theguardian.com/world/2014/feb/12/church-climate-change-investment-great-demon-flooding
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