Church cools on resources
The Uniting Church will cut its investments in some mining companies because of its concerns about climate change.
In a meeting held in Sydney on Tuesday, council members from the Uniting Church in NSW and the ACT voted unanimously to divest from companies engaged in fossil fuel extraction and place them on its "excluded stock list".
The synod said investments in mining companies contradicted its ethical investment principles, which require it to shun companies involved in "substantially changing the environment".
Paddington Uniting Church mission development manager Justin Whelan said the church wanted to express concern about climate change through more than just words. "This is the church taking direct action and showing that it's not willing to profit from destroying the earth," he said.
Mr Whelan said the church was concerned about the expansion of mining in NSW, particularly coal and coal seam gas, threatening agricultural land, human health and biodiversity. He said it was hoped the resolution would send a "strong signal" to mining companies and the government.
The Uniting Church has previously sold its shares in Woolworths because of concerns about poker machines.