Blog Archive: US Archives - Bright Now

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’. Read more