Church of England Fund Drops Remaining Fossil Fuel Investments

Source: Desmog UK


Read time: 4 mins

One of the Church of England’s three investing bodies has quietly sold its last remaining shares in fossil fuels, worth an estimated £8.4 million, DeSmog UK has learned.

CCLA, a leading fund manager which invests on behalf of charities including Anglican dioceses, said it had dropped its investments in oil giants Shell and Total earlier in the year for financial reasons.