23

Jan

2015

US United Methodist Church’s Pension Fund screens coal from its investments

 

The United Methodist Church’s (UMC) General Board of Pension and Health Benefits has decided to screen coal from its investments.

Revd Jenny Phillips, coordinator of Fossil Free UMC, commends the decision: ‘Creating a coal investment screen is more than an act of fiduciary duty. It’s a bold expression of the United Methodist Church’s values. As a denomination, we can’t continue to say we’re against climate change while saying we’re for fossil fuel profits. The General Board of Pension and Health Benefits is taking the first step in acknowledging that investing in fossil fuels undermines the United Methodist Church’s ministries with the most vulnerable among us. Our denomination is on the front lines of climate change mitigation and recovery efforts worldwide. It doesn’t make sense for our pensions and ministries to depend on the flourishing of the companies that are wreaking this havoc’. Fossil Free UMC are calling for oil, gas and coal to be excluded from the United Methodist Church’s investments. Successful legislation calling for a study of fossil fuel disinvestment has been passed at four regional conferences within the UMC.

At Bright Now, we are delighted to see the Methodist Church in the US taking a leading role in the growing movement to transition away from fossil fuels and towards clean energy. We call on the Methodist Church in the UK, which is currently reviewing its investments in fossil fuels, to join them by taking bold action this year. By disinvesting from the fuels driving climate change, the Methodist Church can show its hope for, and use its resources to support, a sustainable future.

Notes

  • See the Fossil Free UMC Press Release here.
  • Read more about the UMC’s ethical investment policy here.
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