Bill Gates charity trust’s holdings in fossil fuel firms rise despite divestment claims
AI Summary
Despite Bill Gates' 2019 claims of divestment, the Gates Foundation Trust's investments in fossil fuel companies have increased. In 2024, the trust held $254 million in companies like Chevron, BP, and Shell, a nine-year record and a 21% increase from 2016. This rise comes after a 2015 campaign, including pressure from The Guardian, urging the foundation to divest from fossil fuels. While the trust initially reduced its holdings from $1.4 billion in 2013 to $260 million in 2015, investments in certain fossil fuel companies have since grown. Gates has publicly advocated for government investment in carbon-free energy, but the trust's financial ties to fossil fuel extractors remain significant.
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