Church of England threatens to withdraw investment from oil and gas

Companies have until 2023 to ensure they are on track to meet the aims of the Paris climate agreement

The Church of England has voted in favour of withdrawing investment from companies that aren’t doing enough to tackle climate change.

The General Synod, the decision-making body for the Church, said it broadly supported its ongoing strategy of engaging with companies “rather than prematurely disinvesting for them”.

However, it added companies will have to ensure they are on track to meet the aims of the Paris climate agreement by 2023, else it will withdraw investment in a crackdown on oil and gas firms.

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