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This story was originally published by ProPublica https://bit.ly/42JLq34
The Church of England (CofE) Pensions Board has revealed it will divest from all oil and gas holdings over a lack of progress towards net zero.
Church pension and endowment funds shed holdings after U-turns by BP and Shell
(Bloomberg) -- The Church of England Pensions Board will offload its stake in Shell Plc as part of a total exit from oil and gas, as the influential investor turns its back on companies it says are failing to address climate risks.Most Read from BloombergTitanic Sub Search Chases Mystery Noises as Air Runs LowModi Meets With Elon Musk and Ray Dalio as Global Money Flocks to IndiaChina Says Biden Calling Xi a Dictator Is ‘Provocation’Modi’s Yoga Mastery Shows Indian Democracy Is Just a PoseShort
Archbishop of Canterbury Justin Welby warns that 'the Church will follow not just the science, but our faith' as it promises to divest entirely from fossil fuels by end of the year