LEXINGTON, Kentucky — The Presbyterian Committee on Mission Responsibility Through Investment (MRTI) recommended Wednesday afternoon that five energy companies be added to the Presbyterian Church (U.S.A.)’s Divestment/Proscription List.
In response to a directive from the 222nd General Assembly, in 2017 the Presbyterian Committee on Mission Responsibility Through Investment (MRTI) established a set of guideline metrics to evaluate companies the committee was engaging with according to General Assembly policy on environmental, social and governance (ESG) issues.
One of the higher profile decisions set to come out of the 224th General Assembly in June was to be a vote on adding three fossil fuel companies to the General Assembly Divestment/ Proscription list.
The Presbyterian Church (U.S.A.) took a step Thursday that could eventually lead to divestment from a trio of oil and gas companies for environmental and climate change-related reasons — if General Assembly commissioners agree this summer.
The Presbyterian Committee for Mission Responsibility Through Investment (MRTI) voted at its fall meeting to recommend any companies that fall into the lowest tier of its guideline metrics for environmental compliance be added to the General Assembly’s proscription/divestment list.