Anglican investments

Following revelations by journalist Fran Rankin that Church of England dioceses have almost £18 million invested in fossil fuel companies, including BP, Shell and Total, it appears that the Church in Wales is not 100% ethical in her investments. The Church's statement of ethical investment policy reads in part:

It is the policy of the Church in Wales not normally or knowingly to invest in any company:

•  - which derives more than 20% of turnover from a primary focus on gambling, or the production or sale of alcoholic beverages or tobacco products;
•  - which derives more than 5% of turnover from pornography, predatory lending activities or the proliferation of armaments beyond areas of legitimate defence and international peace-keeping;
•  - which derives more than 10% of turnover from the extraction of thermal coal or the production of oil from tar sands.

 leaving permission to invest in companies extracting petroleum by other means.