- Church Commissioners are managing a £100m reparative justice fund, noting the Church's historical profits from sugar plantations in Barbados.
- A manifesto calls for financial redirection within the Church of England, criticizing the fund allocation priorities of the Church Commissioners.
Cathedrals face pressure over banks investing in fossil fuels
What happened
Christian climate campaigners warned that most Church of England cathedrals still use banks that invest in fossil fuels. Christian Climate Action launched an “ethical traffic light” table, noting that Derby is the only cathedral currently using a bank that does not invest in fossil fuels. In 2025, Britain’s top five high street banks poured $71.12 billion into fossil fuels.
Why it matters
Campaigners argue that church institutions should lead by moving money from banks driving fossil fuel projects to ethical providers. This pressure aligns with a larger manifesto calling for financial redirection within the Church of England.
A manifesto has called for financial redirection within the Church of England, criticizing the fund allocation priorities of the Church Commissioners.
Who's involved
- Association of English CathedralsThe organization noted for using banks that invest in fossil fuels.
- Michelle BarnesResearcher who called for church institutions to use their money wisely.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Association of English CathedralsSpeculative
The Association of English Cathedrals might face pressure from climate campaigners regarding its investment portfolio and ethical practices.
Keep exploring
The entities involved
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Association of English Cathedrals
organization in London, United Kingdom
Nothing else this week.
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Santander Group
Spanish multinational company
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HSBC
British multinational bank