In 2008, when the archbishop of the Church of Sweden convened a conference on the threats posed by climate change, the church’s investment managers took notice. The next year, they began removing fossil fuel companies from the church’s financial portfolio — a process that was completed last month with the removal of several natural gas companies. Climate change “is an important issue for the church and its members,” said Anders Thorendal, the chief investment officer of the Church of Sweden. It did not make sense, he added, to keep fossil fuel companies — whose products result in climate-warming emissions — in the church’s portfolio. The movement to end investments in fossil fuel companies began with universities, but religious institutions are joining as well. Just this month, the Anglican Diocese of Perth, Australia, announced plans to divest itself of holdings in fossil fuels, and the Presbyterian Church of New Zealand said it would consider doing the same. - Kate Galbraith, New York Times
Posted on: Thu, 16 Oct 2014 22:26:02 +0000
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