Southern African Anglicans seek fossil fuel-free investment portfolios
by Gavin Drake
Source: Anglican Communion News Service
The Provincial Synod of the Anglican Church of Southern Africa (ACSA) has agreed in principle to divest from fossil fuels. But they face a problem with putting this into practice because there are currently no fossil fuel-free portfolios available in South Africa’s financial markets. The motion approved by the Synod empowers ACSA to negotiate with financial institutions to create investment portfolios that exclude fossil fuels. If successful, the church could pave the way for a new ethical investment sector in the country.