One thing we have learnt this week- Church of England has divested

logoThe big news this morning is that the Church of England has divested at least partially from investments in tar sands and coal.  I was very disappointed to learn that the Church of England had investments in tar sands although not totally surprised.  Extraction of oil from tar sands are as we wrote in our book is;

“... not only very environmentally unfriendly in its pollution,
use of water and sand, but is also extremely energy intensive, using natural gas.

Investment on companies that mine coal is even less surprising but equally disappointing, coal is the most polluting fuel going.

Many years ago at my wife’s cousins funeral I met someone on the church’s investment board.  In my discussion with him I could not get across the concept of ethical investment being a good idea at all.  Many people think that the Church has full control over its investments, but it doesn’t as a state church have much say over its investments, these are run by a branch of the state the Church Commissioners.  We are not talking about a huge sum of money here but the fact that the Church of England has divested will I believe have a disproportionate influence.  At least the Church is now starting to stand up for Christian principles in this area.

Is 41:17. The afflicted and needy are seeking water, but there is none, and their tongue is parched with thirst. I, the LORD, will answer them Myself, as the God of Israel I will not forsake them.

Over to you now Wellcome Trust.

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