UCC investment fund will be free of fossil fuels
The United Church of Christ’s investment arm is launching a fund this fall that is free of fossil fuel extraction and production companies—possibly the first such fund based in a Christian denomination.
Since United Church Funds announced the Beyond Fossil Fuels fund, the UCC board as well as UCC congregations, conferences, agencies, and other affiliated groups have committed nearly $16 million in investments as of late September.
“Any church that would like to have their investment be free of fossil fuels can invest part or all of their funds in this fund,” said Donald Hart, president of UCF, which manages investments for the endowments of local churches and the institutional assets of hospitals and administrative bodies of the UCC.
