The official Church of England announced Thursday that it had divested its holdings of all investments in tar sands and thermal coal companies. The mother church of the world’s Anglican Communion divested a total of $18.42 million in coal and tar sands investments from its holdings, a move that the church said is part of a larger goal of helping the globe make the transition to a lower-carbon economy. From now on, the church — which counts about 26 million baptized English residents as its members — will not invest in companies that generate more than 10 percent of their revenue from thermal coal or tar sands. The church’s investment portfolio totals about $12.1 billion. According to the Guardian, if the church divested its portfolio of all fossil fuel stock, including oil and gas companies, it would be the largest institution in the world to do so.
— source thinkprogress.org