- Associated Press - Monday, June 30, 2014

PROVIDENCE, R.I. (AP) - Unitarian Universalist congregations plan to divest their $170 million endowment from fossil fuel companies because of concerns about climate change.

Representatives from the U.S. congregations approved a resolution to do so on Saturday in Providence, Rhode Island at the church’s annual General Assembly meeting. More than 300 of the denomination’s 1,000 congregations pledged to divest their stock and bond holdings from fossil fuel companies.

The Unitarian Universalist Association of Congregations has five years to complete the divestment. Three percent of its portfolio is in fossil fuels.

The association said it acted in response to a climate change organization, 350.org, calling on churches, nonprofits and schools to join the divestment campaign.

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