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The Church of England’s parliament voted overwhelmingly Sunday to divest from oil and gas companies unwilling to submit to guidelines and emissions goals set out in the Paris Climate Accords, Business Green reports.
The General Synod voted 247 to 4 in favor of divesting from any company that could not submit a Paris agreement-compatible plan by 2023. The church action is a step back from a stricter plan that required companies to begin pursuing a zero-emission strategy by 2020, according to Business Green.
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The previous plan risked not giving oil companies enough time to comply. The church’s climate change strategy and influence over the oil companies would be “in tatters” if the church did not back off the 2020 ultimatum, Church Commissioners deputy chair David Walker said before the vote took place, according to BBC.
About $123 million of...
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