Reverend Justin Welby Apologised For Church Links With Slavery

SK 2 years ago 1 min read

In “communities devastated by ancient slavery,” the Church of England said it will invest £100 million ($121.6 million) over the next nine years.

After discovering that the Church of England’s investment fund had ties to the slave trade, the Archbishop of Canterbury issued an apology last year. This was followed by the statement.

The Church of England’s most recent statement claimed that the £100 million would be placed in a new investment fund that would ideally “increase over time, reinvesting returns to enable it to have a positive legacy that will exist in perpetuity.”

In June of last year, it was reported that a probe by the Church Commissioners, a nonprofit organization in charge of administering the Church’s investment portfolio, had shown that for more than a century, the fund had made sizable investments in a business that was engaged in slavery.