C041 Eliminating Fossil Fuel Holdings and Investing in Clean Energy
Topic: Responsible Investment

Resolved, the House of _______ concurring, That as a matter of moral and theological urgency, in obedience to God’s command to “tend and keep the earth” and consistent with Jesus’ injunction that we care for those who are most vulnerable, the 78th General Convention calls on the Church Pension Fund, the Investment Committee of the Executive Council, and the Episcopal  Church Foundation to adopt a policy to refrain from this time forward from purchasing any new holdings of public equities and corporate bonds of the world’s leading 200 fossil fuel companies as identified by the Carbon Underground1, and be it further

Resolved, That in obedience to God’s call to be stewards of earth’s diverse community of life, the General Convention calls on the Church Pension Fund, the Investment Committee of the Executive Council, and the Episcopal Church Foundation to develop and implement a plan to eliminate exposure within five years to direct ownership of public equities and corporate bonds of the world’s leading 200 fossil fuel companies as identified by the Carbon Underground2, and be it further

Resolved, That as an investment in the healthy future of humanity and the planet, the General Convention calls on the Church Pension Fund, the Investment Committee of the Executive Council, and the Episcopal Church Foundation to develop and implement a strategy to invest 5% within two years and 10% within four years of their overall holdings in “impact investments” in the clean energy sector, and be it further

Resolved, That the 78th  General Convention of the Episcopal Church encourages all dioceses and the Consortium of Endowed Episcopal Parishes to engage within the coming year the topic of eliminating exposure to investment in fossil fuels and of reinvesting in clean energy.