Global Witness welcomes Church of England’s decision to divest £1.6 million holding in Soco

Soco has also so far failed to commit in writing to UNESCO that it will not, under any circumstances, explore or drill for oil inside Virunga’s current boundaries. On 30 June, at the UNESCO World Heritage in Bonn, Germany, delegates voted to adopt a draft resolution on Virunga reiterating that oil exploration is incompatible with… Read More

Thank You: Church of England divests from Soco Oil firm over Virunga

The Church Commissioners for England announce full divestment from SOCO The Church Commissioners for England are today announcing full divestment from their holdings in SOCO International to the total of £1.6 million and the company has been notified. The decision to divest follows the recommendation from the Ethical Investment Advisory Group of the Church of… Read More

FEB 2015: Church of Engeland Joins Virunga Communities and asks Independent Inquiry of Soco’s operations

Move follows film backed by Leonardo DiCaprio and pleas by local NGOs, environmentalists, transparency campaigners and members of the UK Parliament to protect Congo’s Virunga park. The church – led by archbishop of Canterbury, Justin Welby, a former oil executive – has said that it may sell its near £3m stake in Soco International unless… Read More