"Church of England Seeks to Raise $1 Billion to Confront Legacy of Slavery"

The Church of England's advisory panel has recommended creating a 1 billion-pound fund to address its historic links to slavery, which is 10 times the amount previously set aside. The fund, known as the Fund for Healing, Repair and Justice, aims to invest in disadvantaged Black communities and support social entrepreneurs, educators, healthcare givers, asset managers, and historians. The church's wealth fund, rooted in historical connections to the trans-Atlantic slave trade, will be used to address its "shameful past," according to Archbishop of Canterbury Justin Welby. However, the commitment falls short of demands for direct compensation to descendants of the enslaved, and the church has been urged to apologize for its past actions.