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109

Bill Gates charity trust’s holdings in fossil fuel firms rise despite divestment claims (www.theguardian.com)

submitted 2 months ago by HellsBelle@sh.itjust.works to c/news@lemmy.world

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The Gates Foundation Trust holds hundreds of millions of dollars in fossil fuel extractors despite Bill Gates’ claims of divestment made in 2019.

End-of-year filings reveal that in 2024 the trust invested $254m in companies that extract fossil fuels such as Chevron, BP and Shell. This was a nine-year record and up 21% from 2016, Guardian analysis found. Adjusting for inflation, it was the highest amount since 2019.

Bill Gates, the tech billionaire and founder of Microsoft, was ranked by Forbes as the world’s wealthiest man for most of the years between 1995 and 2017. In 2000, he and his then wife, Melinda, set up the Gates Foundation, which is now the third largest charitable foundation in the world. It uses its resources for a range of causes including public health, poverty reduction, education and climate adaptation.

Divestment first became an issue for Gates in 2015. At the time, a global campaign by religious figures, climate activists, students and other charities called for large foundations to divest from fossil fuels.

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[–] givesomefucks@lemmy.world 20 points 2 months ago (1 children)

Everything good Gates does is for PR and paid for money that should have went to taxes anyways.

If he was really a good person, hed have used most of his wealth to fix shit the second he got it. Same for every billionaire, even the ones in office with a D by their name.

[–] HellsBelle@sh.itjust.works 6 points 2 months ago (1 children)

Melinda does a lot of good stuff, which may partially explain their divorce. Good people can only deal with shitty people for so long before they realize it's just not worth it anymore.

[–] givesomefucks@lemmy.world 12 points 2 months ago

which may partially explain their divorce

Pretty sure her and Bill have said it's because Bill couldn't stay away from Epstein...

Like, he's admitted it was a factor, she says she told him multiple times to stay away from him and he just wouldn't...

That level of wealth fucks with anyone's head. I highly doubt there's a single billionaire on the planet who isn't into something so disgusting we can't even imagine it. Even Melinda, but she might still not like international child abuse rings.

Hell, her only issue might have been how public those two were, I just can't give any billionaire the benefit of the doubt, because if they weren't a piece of shit, they wouldn't be a billionaire.