William visits New York for the Earthshot Prize Innovation Summit
the way you agreed, and To improve our understanding of you. This may include advertising from us and third parties as we understand it. You can withdraw at any time. More Info
New research uncovered a charity founded bythe Duke of Cambridge. He founded the Earthshot Prize last year,preserving his investment in a bank that is one of the world's largest backers of fossil fuels.
The Royal Foundation, a charity founded by Prince William and Kate, Duchess of Cambridge, also puts more than half of its investments in the fund. Green — owns stakes in large food businesses.
Some of these companies buy palm oil from companies linked to deforestation, The Associated Press (AP)
Duke, 40, has become increasingly vocal about the dangerous effects of global warming. It was widely acclaimed for introducing the award, in which each received a £1 million prize to help tackle climate change, address environmental issues, and further develop their initiatives.
On Earthshot and Royal Four "Earth is at a tipping point and we are faced with a difficult choice."
Read more: Prince William and Kate "Harry and Meghan on their trip to the United States
Still, according to the latest filings, the charity gave more than £1.1 million to JPMorgan Chase last year and is still investing in the company, AP reports.
The foundation also held £1.7 million in funds run by UK firm Cazenove Capital, according to a 2021 filing, the agency said.
An investment that the Royal Foundation did not object to when contacted by the AP, a leading scientist said the world urgently needed to shift away from fossil fuels, drastically cut emissions and prevent more frequent and intense ones.
A spokesperson for Kensington Palace said: "We are taking our investment policy very seriously." and is reviewed regularly.”
The Foundation was instructed to operate within a strict investment policy that Kazenobe follows the C of E Investment Guidance and further excludes fossil fuel companies.
Prince William says he is a "staunch optimist" on climate change
JP Morgan Asset Management and a Charity Responsible Multi-Asset Fund, which pays a small management fee for its investment in Cazenove. Trustees have overall responsibility for the charity and its activities, according to the foundation.
some other charities Compared to associations, the Royal Foundation's investments are said to be small. climate change isis.
But they were not in line with the foundation's ethos, which lists protection and mental health as a major focus, or Prince William's official statements, the AP reported.
Social In the media, the investigation sparked a heated debate.
According to Fawzia Ahmed, "William's environmental work is based on self-service."
She said: "He is not a serious environmental advocate."
Don't miss
Hancock We predict that the "gap is closing" between Sunak and Truss [INSIGHT]
When will it rain in August? Many inches of rain [MAPS]
Russian soldiers seen "letting comrades die" after drone strike [Video]
For Julienne, the issue is 'hypocrisy, hypocrisy, hypocrisy' – opinion endorsed by Anna Stacy: Isn't that defeating the purpose? ''
The Duke of Cambridge announced last month that the second annual Earthshot Awards ceremony will be held in Boston in his December.
William will be in New York City next month to attend his Summit of the Earthshot Awards Innovation on September 21st. The finalists and the winners of last year's awards will meet.
Prince, as global advisor to the Earthshot Award winners, will greet the assembled guests, along with Michael R. Bloomberg, who works to help scale and replicate the Earthshot solution.
Commenting on William's trip across the pond, Paul Laidlaw asked: "How will he get there... private jet or charter economy.
But that's not the case. All of the Duke's claims about environmental activism are considered negative. Investments in fossil fuels are commonplace in the banking industry. Some argue that it is.
According to Anne McTavish, his charity's investigation into fossil fuel sites "is only trying to stir up controversy for it." He added: "How many of the banks that have survived failure have not invested in energy, pharmaceuticals and mining?
"because they are not illegal. , will accept the investment."
Several on Twitter agreed.
user @jay7yn said: "Could you please provide a list of major banks that are not significant backers of fossil fuels."
