I read today that the Church of England have criticised Wayne Rooney for signing to Derby and wearing his shirt emblazoned with 32Red, a casino company, as setting a bad example. Below are guidelines for the CoE from their Ethical Investement Advisory Group on how they can invest their £5bn assets. They can invest in companies as long as 25% of the companies turnover is in gambling, alcohol, tobacco etc (including embyonic cloning). They can invest in arms and pornography to make them even richer, yet they don't like poor Wayne being in a club sponsored by gambling. Where do they get the acceptable level of % I wonder? Surely dealing in arms, porn, alcohol, gambling, lending, and cloning should be unacceptable to the Church, or being cynical, would that reduce their portfolio? "The EIAG’s most recent statement of ethical investment policy, issued in 2011, includes both negative and positive screening. It advises against any company that makes more than 3% of its turnover from pornography, more than 10% from arms or more than 25% from tobacco, gambling, alcohol, high interest rate lending or human embryonic cloning. It also suggests avoiding companies whose management practices are “unacceptable”."