Church Of England Ditches Big Oil Stocks Over Climate Goals Failure

The Church of England is dumping all remaining oil and gas majors from its portfolio for failing to align with the 1.5 degrees Celsius pathway, the Church Commissioners for England said on Thursday. The Church of England will now exclude from its portfolio BP, Shell, ExxonMobil, TotalEnergies, Eni, Equinor, Ecopetrol, Occidental Petroleum, Pemex, Repsol, and Sasol, “after concluding that none are aligned with the goals of the Paris Climate Agreement, as assessed by the Transition Pathway Initiative (TPI).” Back in 2021, the Church of…