The Church of England, one of the world’s wealthiest religious institutions, has decided to blacklist coal and tar sands investments, in a striking victory for campaigners seeking to make fossil fuels as unpopular as tobacco.
The Church announced on Thursday that it would sell £12m of its holdings in thermal coal and tar sands companies, two of the most polluting fossil fuels. “Climate change is the most pressing moral issue in our world,” said the Bishop of Salisbury, the Rt Rev Nick Holtam, lead bishop on the environment.