We have announced that along with many other dioceses and religious institutions, our diocese is divesting from fossil fuel extraction.
Bishop Martin Gorick, the Bishop of Dudley, said:
“This January brings us one more year closer to 2030, when we have resolved to do all we can across the Church of England to reach a net zero carbon position. We are facing a climate emergency and it's up to all of us, as churches and as individuals, to do what we can to protect this planet for future generations. The task is huge, but every gram of carbon we save will make a difference. As well as how we heat our homes and churches, how we travel and live, this stewardship responsibility extends to where we invest our money.”
This divestment commitment comes after its investment managers, CCLA Investment Management, whose CBF funds manage investments on behalf of many Church of England dioceses and local churches, sold its last remaining shares in fossil fuel extraction companies and pledged to support other users of fossil fuels to transition to a low carbon economy.