Climate Changed
Church of England to Divest Companies Not Backing Paris Climate Deal
- Religious group controls $16 billion across several funds
- Synod wants to see company action on climate pollution by 2023
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The Church of England took another step in prodding companies to adopt a green strategy, saying its 12 billion pounds ($16 billion) in funds will divest those that aren’t aligning themselves with the Paris Agreement on climate change.
The church’s governing General Synod passed a motion proposed by Canon Giles Goddard of its environmental working group committing the organization to sell shares in companies that haven’t lined up with the Paris goals by 2023, according to a statement.