Joining the Episcopalians and the Unitarian Universalists, the Presbyterians will now divest their investments from fossil fuel companies for failing to make a good faith effort to address the global climate change crisis, the Associated Press reports.
Meeting in virtual conference, the members of the General Assembly voted overwhelmingly to divest the national organization from Chevron, ExxonMobil, Marathon Petroleum, Phillips 66, and Valero Energy. The assembly also encouraged local congregations to do so as well.
While the Presbyterian Church (U.S.A.)’s investments in the oil companies represent a small portion of the value of the businesses, the notice of divestiture influences the decisions of church adherents.