Anglican Diocese of Wellington

MEDIA RELEASE – 22 September 2013

Diocese of Wellington looks for investment that gives hope

The Synod of the Anglican Diocese of Wellington has decided to stop investing in companies whose primary business is the extraction or production of fossil fuels.

The decision is part of the Diocesan Synod, that is being held in Palmerston North on 21 and 22 of September.

Currently diocesan funds are invested in a diversified portfolio with an ethical investment policy. The Synod has voted to divest all existing share holdings within two years.

The Reverend Dr Tim McKenzie, who proposed the decision, told delegates a low-carbon economy cannot be created all at once and so small significant steps such as divestment from the fossil fuel industry were important.

The Bishop of Wellington, Justin Duckworth says the motion reflects the need for all to address, contain and limit the extent and impact of climate change and to remember those most vulnerable to its effects.

‘Our neighbours across the Pacific live with rising sea levels, at the doorstep in some cases. Anything that can be done, be it a small or large step that can reduce that threat speaks of hope. We need a low-carbon economy for our generation and the generations that will live with our decisions,’ says Bishop Justin.

Similar divestment motions have been brought to churches in other countries including Australia as well as to other Anglican dioceses in New Zealand.

ENDS

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