Anglican fund shuns fossil fuel

An Anglican superannuation fund is following the footsteps of AMP Capital, HESTA and Hunter Hall, announcing they are divesting from all fossil fuel investments.

Anglican National Super (ANS) made the announcement after similar moves from the Canberra and Perth Anglican Dioceses last week.

The Sydney Anglican Diocese super provider will be working with AMP to divest from fossil fuels.

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"By actively supporting like-minded organisations and conventions around the world, and not investing in organisations which do not share and support our ideals, we are able to modify behaviour and influence corporate policy," Anglican National Super business relationship manager at AMP financial services Paul Willis said.

The Anglican Church of Australia supported the move at their General Synod in July, expressing regret that future generations will pay the price for the high dependence on carbon-based energy.

The national Synod urged each Anglican Diocese in Australia to review criteria for its investments, and think about eliminating fossil fuel industries from Diocesan investment portfolios.

In total, 47 religious institutions worldwide have pledged to divest from fossil fuels so far.

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