It is part of the Church's new climate change policy, which says it will sell off, and no longer buy, investments in companies which make more than 10 per cent of their profits from thermal coal or tar sands oil.
These two fossil fuels were picked specifically because they are thought to be the most damaging to the environment.
The new policy also states the Church of England will work more closely with businesses which are working to reduce to global warming and also policymakers, and facilitate conversations between the two parties.
It also says it will continue to actively invest money into ventures which reverse climate change.
Ed Mason, the Head of Ethical Investment in the Church of England, told Premier's News Hour: "For the Church of England this is a real moral imperative to act, we see it in terms of the responsibility of Christians to steward the environment, and also to care for the poor and vulnerable who will be most impacted by climate change.
"It's been really well received actually, we're very very pleased with how it's gone down. We've had calls from people like WWF [World Wide Fund for Nature] as well, so it's showing a strong Church of England witness on climate change and the importance of incorporating that into how we manage our finances.
"... Engagement is a very important part of our ethical investment approach... recently we filed a shareholder resolution at BP and Shell on climate change disclosure. These were actually recommended by the board to their shareholders and the BP resolution was passed with 98% of the vote at the recent AGM.
"We've also got investments in sustainable themes so for example the Church Commissioners are now the largest private owner of forestry in the country, so we're very pleased to be having sustainability as a strong theme in our investment."
Last year, the heirs to American oil magnate John D. Rockefeller joined other businesses and religious organisations to sell off more than £32bn of investments in fossil fuels between them.
According to the BBC, the Church of England has approximately £8bn worth of investments in various places. None of them are directly in the pornography, payday lenders or tobacco.
Listen to Ed Mason speaking to Premier's Hannah Tooley on the News Hour:
