Church of England pension fund shifts 600 million pounds to climate index

LONDON (Reuters) - The Church of England's pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement.The index, created by FTSE Russell, includes oil producers Royal Dutch Shell and Repsol, but not others such as BP, Exxon Mobil and Chevron.The move comes a month after Bank of England governor Mark Carney said the financial services sector had been too slow to cut..