The Church of England says it is cutting its investment in fossil fuel companies as a moral position on climate change.
The Church has three investment funds worth over ten billion dollars.
It will now sell investments in companies where over 10% of revenue comes from extracting thermal coal or on producing oil from tar sands.
Danny Cox of stockbroker Hargreaves Lansdown says it's a significant move from a significant investor.
IN: "Their three....
OUT: ...climate change."
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