Diocese ends investments in fossil fuel

Published: 16th February 2023

The Diocese of Lichfield has completed its divestment from fossil fuel companies and has committed to not reinvesting in them in the future.

Its Bishop’s Council meeting on Wednesday (15 February) heard that full divestment, which the diocese had been working towards, was now complete. In a vote, Bishop’s Council members overwhelming agreed a commitment to continue full divestment from fossil fuels going forwards.

Diocesan Chief Executive Julie Jones said: “We take the climate emergency seriously, recognise that we must do better and are working to a Diocesan Environmental Action Plan which includes a commitment to be net zero by 2030. All of our investments are made following the advice of the National Church Ethical Investment Advisory Group.

“As a diocese, we have worked with the companies who manage our investments to ensure that we are fully divested from fossil fuels. We are pleased that this has now been achieved and that we have a clear commitment to not reinvesting in the future.”

Page last updated: Thursday 16th February 2023 3:37 PM
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