Church of England threatens oil firm crackdown

The Church of England is to sell its shares in oil and gas firms that fail to do enough to tackle climate change.

It will pull its investment out of firms not on track to meet the Paris Agreement on climate change by 2023.

The General Synod, the church's parliament, voted 347 to four in favour of the symbolic move.

The Church of England said the vote made it clear that "the church must play a leading role on the urgent issue of climate change".

The outcome is weaker than the original vote proposed, which had suggested a deadline of 2020 for assessing firms' progress on tackling climate change.

A Church of England spokesperson said the longer time frame would enable the Church to "push for real change" in the sector.

https://www.bbc.com/news/business-44759914

Arbyreed

#climatechange

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