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Ethics rule as Church sells up

by Bill Bowder

THE Church Commissioners and the Church of England Pensions Board have sold their £3.8-million investment in the UK-based company Vedanta Resources, which wants to mine a sacred hill in Orissa, India, for bauxite.

The Church acted after Edward Mason, secretary to the Church’s Ethical Investment Advisory Group (EIAG), visited India in November to assess the impact on the local communities and environment of the company’s alumina refinery and its plans for open-cast mining ...

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