Mar 16, 2022
Church of England pressures TotalEnergies over Russia business
The Church of England is putting pressure on TotalEnergies over its decision not to cut business ties with Russia in the wake of its Ukraine invasion. Last month, the church's pensions board and the Church Commissioners fund dumped £20m worth of investments in Russian businesses. In a statement to The Times, the church said it made the move "In response to the attack on Ukraine by Russia and supporting the sanctions announced by the UK and other governments". The Church Commissioners manage a £9.2bn investment fund while the pensions board oversees a fund worth £3.7bn.In February, the Archbishop of Canterbury Justin Welby and the Archbishop of York Stephen Cottrell said Russia's "Horrific and unprovoked attack on Ukraine is an act of great evil". The church's letter to TotalEnergies comes after two French NGOs - Greenpeace France and Les Amis de la Terre France - said they planned to take legal action against the oil giant over possible human rights abuses unless it cuts its business ties with Russia.
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