In a big move, the World Council of Churches plans to pull funding from fossil fuels.
Jon Queally writes at Common Dreams:
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In what the global fossil fuel divestment movement is claiming as a “major victory,” the World Council of Churches has agreed to phase out its financial holdings in the world’s dirtiest energy sources and will encourage the congregants in the churches it represents to do the same.
Passed by a vote taken Thursday in Geneva at meeting of the Central Committee of the WWC—comprised of over 300 Christian churches from around the world and representing some 590 million people in 150 countries—the council sited both its ethical obligations, the desires of its members, and Biblical scripture as informing its decision.
“There was an explicit wish at the Finance Committee to include fossil fuels as one of the sectors where the WCC will not invest in, based on decisions to divest from fossil fuels taken by member churches in different parts of the world,” said Guillermo Kerber, who coordinates the WCC’s work on care for creation and climate justice.