URC Synod of Wales divests from fossil fuels

windfarm tylercasey unsplashThe United Reformed Church Synod of Wales has decided to end investments in fossil fuel companies made on its behalf.

A Synod meeting on Saturday 19 October passed a resolution on divestment that had been proposed by members of Beulah United Reformed Church in Cardiff.

The resolution asks the United Reformed Church (URC) Synod of Wales to amend its investment portfolio to exclude investment in companies that derive more than 10% of their revenues from the extraction and/or supply of fossil fuels, including thermal coal, oil and natural gas.

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