Faith institutions reach £9 trillion divestment milestone

Renewable energy credit ALDECA studio FotoliaThe United Reformed Church (URC) has joined a coalition of faith institutions to announce its divestment from fossil fuels, as the Financing the Future summit – devoted to accelerating investment in a clean economy – gets underway in Cape Town.

Fossil fuel divestment now comes from institutions with £9 trillion in assets, institutions with assets of around £40 billion just five years ago.

According to The Global Catholic Climate Movement, Operation Noah, Greenfaith, and the Green Anglicans, faith institutions constitute the greatest number of entities contributing to the global divestment movement.

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