The Methodist Council has voted to request its advisory body (the Joint Advisory Committee on the Ethics of Investment or JACEI), to recommend disinvestment by the Central Finance Board of the Methodist Church (CFB) from all oil and gas companies which are not currently aligned with the Paris Agreement target of a global temperature rise of well below 2 degrees.
Commenting on the decision, the Revd Jonathan Hustler, Secretary of the Conference, said: "The focus on climate ethics has been at the heart of the environmental work of the Church and the CFB for over a decade and this decision further reflects our joint commitment for urgent action to tackle the climate emergency."
Martha Rand, a representative of the Methodist Youth Assembly, who proposed the motion at Methodist Conference in July, said: 'I am overjoyed that Methodist Council has agreed that JACEI the Church's Joint Advisory Committee on the Ethics of Investment and the Central Finance Board have not gone far enough in response to the climate emergency. This is vital not just for the new generation of Methodists, but also in support of our partner Churches around the world. We hope that the Methodist Church will now act with urgency to fully divest from all fossil fuel companies.'
The CFB manages investment funds for the Methodist Church. It receives ethical advice from JACEI, which reports each year to the Methodist Conference.
Following today's vote, JACEI will consider the request and report to the Methodist Conference in 2021 on advice it gives to the CFB.
The Methodist Council also today voted in favour of further work to be done across the Connexion towards reducing the carbon footprint of the Church. The Council will receive this work in January 2021.
The full resolution passed is:
The Council supports the request that JACEI recommends that the Central Finance Board fully
implements Notice of Motion 2017/109, and disinvests before the 2021 Conference from all oil
and gas companies which are not currently aligned with the Paris Agreement target of a global
temperature rise well below 2 degrees.
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