Church's Investments vs Environmental Concerns
The Church of England has millions invested in water companies responsible for dumping sewage in Britain's rivers, despite public criticism from the Archbishop of Canterbury Justin Welby.
Investigative Revelation
Channel 4's documentary 'Joe Lycett Vs Sewage' exposed the Church's Pensions Fund, with up to £32 million invested in water firms, including those involved in sewage discharges.
Environmental Concerns
In 2023, England and Wales witnessed around 375,000 sewage spills, leading to outrage among coastal communities and concerns over water companies' practices.
Response and Criticism
Comedian Joe Lycett urged the Church to divest from water companies, similar to its actions with oil and gas giants, but the Pensions Board defended its stance, citing potential progress and adherence to responsible investing principles.
Government's Intervention
New government plans aim to ban bonuses for water company executives found illegally polluting rivers and seas, with industry regulator Ofwat set to define criteria for the ban by the 2024/2025 financial year.
Did you miss our previous article…
https://hellofaread.com/politics/kemi-badenoch-accuses-sacked-post-office-boss-of-seeking-revenge-with-false-smears/
