church of england cut itsTo address the issues of climate change, one of the world's wealthiest religious institutions, the Church of England is to sell of investments in coal and tar sands. The withdrawal from the most polluting fossil fuels such as coal burnt forenergyand oil from tar sands is a success for campaigners suggesting institutions to get out of such investments. Different church dioceses worldwide follow the divestment. The lead bishop on the environment at the Church of England, Bishop Nick Holtam states that climate change is the most pressing moral issue in our world. Deputy Chair of the Church's Ethical Investment Advisory Group (EIAG) Richard Burridge claims that climate change is already a reality, and the Church has a "moral responsibility" to speak and act on environmental issues to protect the poor, who are the most vulnerable to climate change. Burridge added that this responsibility involves not only the Church's own move to reduce their own carbon footprint, but also how the Church's money is invested and how they engage with companies on this vital issue. The Church Commissioners and the Church of England Pensions Board announced in a statement that the institution is to sell £12m in holdings in thermal coal and tar sands.
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