Anglican church to divest from fossil fuels

Now the Anglican church has got the shits with Abbott. Gee, I wonder why? Could it be his attack on the poorest in Australia? The attack on the human rights of asylum seekers? The desire from Abbott to nail everyone to a capitalist cross? Well I guess all of those reasons, but in this case an unlikely source of disagreement; climate change.

The Anglican church has decided to divest in fossil fuels, and have a go at Abbott in the process calling his treatment of climate science "denigrating" to it. Well there goes the Anglican's votes.

The Anglican Church of Australia has passed a motion at its General Synod encouraging churches across the country to divest from fossil fuels. 

The recommendation was passed alongside another motion scalding the Australian government for “denigrating” climate science. 

The decisions show a growing disapproval of Tony Abbott’s approach towards climate change, which has seen him abolish the Climate Commission and push for a repeal of the carbon tax. 

In her motion, Dr Beth Heyde, chairwoman of the church’s Public Affairs Commission, said that it made financial sense to give up shares in the fossil fuel industry, which is responsible for most global warming. 

“The market can be expected to recognise that investments in fossil fuels are becoming very risky. They may well become ‘stranded assets’, whose value rapidly decreases as buyers no longer want them,” Dr Heyde said. - See more