The Church of England has divested its holdings in the British oil and gas company Soco International, citing ethical concerns over Soco’s attempts to
drill for oil in Congo’s Virunga National Park. The national park, Africa’s oldest, is home to the largest surviving populations of endangered mountain gorillas and hippos. The Church of England’s investment fund is valued at roughly $10.5 billion, and $2.5 million of that had been invested in Soco International. The move marks only the third time in recent years that the church has divested from a company on ethical grounds. In 2012 it sold its holdings in News Corporation to protest the phone-hacking scandal, and in 2010 it divested from a mining corporation over human rights violations associated with its operations in India.
Mountain gorillas in Virunga National Park