On October 16th, the Synod of the Anglican Diocese of Montreal passed the following motion to divest from the top 200 worst fossil fuel polluters.
Moved: Raymond Noel
Seconded: Elizabeth Welch
Be it resolved that synod instruct the Finance Standing Committee to take, in a timely manner, all reasonable measure in its power to ensure that the Anglican funds divest from those companies known to be the worst polluters as published in the “Carbon Underground 200,” an annually updated list of the top 100 public coal companies globally and the top 100 public oil and gas companies globally, as ranked by the potential carbon emissions content of their reported reserves. The list is produced and maintained by Fossil Free Index.
This move adds to the growing number of faith groups and other organizations throughout the world that have elected to divest from fossil fuels investments as part of the fight against climate change.