ClimateAction - Church of Ireland approves motion to divest from fossil fuels
This article was published by the Climate Action Programme on 14 May 2018 Church of Ireland approves motion to divest from fossil fuels The Anglican Church in Ireland has voted to put an end to its major investments in fossil fuel companies. The decision came at the church’s annual General Synod meeting last week, after a motion was put forward by a private member. The move means the Church of Ireland is now committed to removing investments from all companies which derive more than 10 percent of their income from fossil fuels. The motion has a target date of 2022, slightly amended from 2020 by other members. At the same time, the church intends to continue supporting renewable energy investments and new environmental projects. Its exposure to fossil fuel companies has already declined from 11 percent to 2.5 percent in the past seven years. Stephen Trew, who put forward the proposal, highlighted the moral urgency to address the increasing impacts of climate change in Ire...