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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments

DeSmogBlog

Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossil fuel firms.

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Prospective GB News Board Member is Fossil Fuel Investor

DeSmogBlog

The startup broadcaster has lost £76 million since its launch in 2021 and relies on the resources of Marshall and its other big stakeholder, UAE-based investment firm Legatum, to survive. The company runs UnHerd, a publication founded in 2017 to give a platform to marginalised views. Agnew and Edwards declined to comment.

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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.

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Reuters, New York Times Top List of Fossil Fuel Industry’s Media Enablers

DeSmogBlog

According to Saudi Aramco’s podcast, the fossil fuel industry is innovating new climate solutions, and BP’s podcast proclaims more of the same. Darren Woods, the CEO of Exxon, celebrates the potential of carbon capture to dramatically reduce global emissions. and Europe.

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Revealed: Fossil Fuel Giants Are Using British Influencers to go Viral

DeSmogBlog

DeSmog analysed examples of more than 100 influencers being paid to promote fossil fuel firms worldwide since 2017, from the US to Malaysia, in campaigns that have reached billions of people. As the study also pointed out, however, these firms invested just 1.7

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French NGOs Sue BNP Paribas, Europe’s Largest Financier of Fossil Fuel Expansion

DeSmogBlog

French environmental organizations Notre Affaire à Tous, Friends of the Earth France, and Oxfam France last week filed what they say is the world’s first climate lawsuit against a commercial bank, suing BNP Paribas over its continued funding of fossil fuels. They also say that the financial sector more broadly is on notice.

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Reports: Fossil fuel advertising ban comes into force in France

Business Green

Adverts promoting fossil fuel products and services have been banned in France, after a cornerstone of President Emmanuel Macron's green legislative agenda officially came into force yesterday. You will read everywhere that advertising for fossil fuels is now prohibited, but that's not true," the campaign group said in a statement.