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Investment management company CCLA, which manages investments on behalf of many Church of England dioceses and local churches, as well as Churches of other denominations, has announced that its COIF Charities Ethical Investment Fund is going fossil free.

The United Reformed Church Synod of Wales has decided to end investments in fossil fuel companies. A Synod meeting on Saturday 19 October passed a resolution on divestment proposed by members of Beulah United Reformed Church in Cardiff, which was the first local church in Wales to divest from fossil fuels.

A diverse coalition of 22 faith institutions from around the world have just announced their decision to divest from fossil fuels.

With these commitments and others, the world has reached a new milestone. Since 2014, the value of institutions divesting from fossil fuels has risen from a starting point of $50 billion to more than $11 trillion of assets today.

Beulah United Reformed Church in Cardiff has decided to end its investments in fossil fuels – becoming the first local church in Wales to divest.

The Church of Scotland voted narrowly against divestment from fossil fuel companies at its General Assembly in Edinburgh yesterday.

The United Reformed Church (URC) unanimously approved a proposal to sell its investments in fossil fuel companies at a governing body meeting yesterday evening.