In response to news that the Church of England’s Pension Board has decided to divest from Shell and other oil and gas majors due to their failure to address the climate emergency, Charlie Kronick, Oil Finance Advisor to Greenpeace UK, said –
“After years of trying to change these companies from within, the Church of England has clearly lost faith in Shell and other oil giants’ ability to redeem themselves. This should be a moment of moral reckoning for other investors and for our government. Left to their own devices, these companies are perfectly happy to unleash hell on earth to cash in their thirty pieces of silver. Ministers should stop rolling out the red carpet for fossil fuel firms and instead properly tax their enormous profits while also stopping licensing new oil and gas projects now.”
