Church of England dumps all ExxonMobil stock

The Church of England

The Church of England Pensions Board divested this week all its shares in ExxonMobil since the US supermajor has failed to set targets to cut Scope 3 emissions.

The Church of England Pensions Board, which manages more than $3.62 billion (£2.8 billion) in assets, has been one of Exxon’s shareholders that has consistently called on the oil giant to report emissions and provide a pathway to reduce emissions from its operations and the products it sells to customers.

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