C of E investment and advocacy

By Press Office
November 26, 2010

Commenting on the Church of England’s opposition to Rupert Murdoch’s News Corp’s £7.8 billion bid for the rest of British Sky Broadcasting Group Plc, Jonathan Bartley, co-director of the thinktank Ekklesia, which monitors and analyses the Church’s investment policies, said:

“What is notable about this intervention is that the Church holds no big shareholdings in News Corporation or BSkyB having disinvested on ethical grounds many years ago.

“The Church has justified the maintenance of shareholdings in controversial companies over the last few years on the basis that this gives it sway in the decisions that companies make. But here we see the church campaigning on an issue despite having no financial interest.

"Indeed, the Church may well be in a position to speak out more forcefully and effectively, since it has no direct financial interest which might compromise its position."

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