The Bill & Melinda Gates Foundation had at least $1.4 billion invested in large oil, gas, and coal companies in 2013, The Guardian writes, citing an analysis of the charity’s most recent available tax return. The $43 billion fund had stakes in 35 of the 200 firms with the biggest fossil-fuel reserves, according to the newspaper, which launched a petition drive Monday calling on the foundation to divest from the industry.
Last year the foundation sold its shares in Exxon Mobil, which represented more than half of the organization’s 2013 fossil-fuel holdings. The charity declined to comment on the divestment issue, and its money manager, the Gates Foundation Asset Trust, never publicly discusses investment decisions.
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