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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Church of England disinvests from Vedanta Resources plc
The Church Commissioners and the Church of England Pensions Board have sold their shares in Vedanta Resources plc on the advice of the Church’s Ethical Investment Advisory Group (EIAG). As a result, none of the three national investing bodies of the Church of England hold shares in the company.
The EIAG advised disinvestment because its engagement with the company had produced no substantive results and the EIAG believed that it would be inconsistent with the Church investing bodies’ joint ethical investment policy to remain invested given the EIAG’s concerns about the company’s approach to relations with the communities where it operates.
Allegations about Vedanta’s alumina refinery in Lanjigarh, Orissa, and planned bauxite mine in the nearby Niyamgiri hills came to the EIAG’s attention in June 2009. The EIAG has been examining the issues carefully since and has discussed them in a process of engagement with the company. The EIAG Secretary paid a visit to India in November 2009 to see the refinery and mine site at first hand.
Read it all.
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