C of E takes climate change fight to ExxonMobil

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[ACNS] Buoyed by the success of similar actions against British oil companies BP and Shell, the Church Commissioners for England have tabled a shareholders’ motion calling on the US oil giant ExxonMobil to “disclose the resilience of its business model in the wake of the Paris Agreement on climate change.” If passed at the company’s Annual Meeting of Shareholders, the motion will force the oil company to be more transparent on its efforts to shift to a low-carbon economy.

The Church Commissioners is a body established by an Act of Parliament and is responsible for managing its £6.7 billion of investments in equities, real estate and alternative investment strategies to help fund the work of the Church of England. In addition to supporting poorer dioceses with ministry costs, the Commissioners use the return on its investments to support mission activities, pay for bishops’ ministry and some of the costs of cathedrals. They are also responsible for paying clergy pensions for service prior to 1998.

anglicannews.org/news/2016/01/c-of-e-takes-climate-change-fight-to-exxonmobil.aspx