Posted by
Billy email MADBillyD@aol.com on Wednesday, December 31, 2008 3:18:56 PM
The Church of England’s Church Commissioners have gone green, investing £150 million with former US Vice-President Al Gore’s environmentally minded investment firm, Generation Investment Management.
On Nov 18 the First Church Estates Commissioner, Andreas Whittam Smith reported that in late September the Commissioners had placed the funds with Gore’s boutique management firm which follows an “environmentally sustainable global equities mandate.” Funding for the investment came from “cash and Treasury bills”, he said, and not from the sale of UK equities as initially planned.
(As a person of faith it upsets me that a church would give money to a political person. If some church had given money to somebody from the right we would hear how this was an outrage by those on the left. It also upsets me that a church would give money to do with a radical policy instead of investing their money in those who are helping others doing work for the Kingdom of God. Read more on this issue Church of England puts its faith in Al Gore's investment arm.)