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Showing posts from February, 2018

So Soros invests in fossil fuels. So what?

James Delingpole’s latest blog on Breitbart takes a predictable swing at international financier and advocate of action against climate change, George Soros, claiming that Soros is a hypocrite for investing in fossil fuels while simultaneously advocating solutions to climate change.
This claim originates from a Daily Caller story written by Richard Pollock and published on 9th February. The article claims that Soros invested in fossil fuel companies in the fourth quarter of 2017, companies that Soros apparently claims contribute to greenhouse gas emissions. Eleven companies were reported by Soros Fund Management, a total of nearly $160 million worth of investments, according to the company’s Securities and Exchange Commission filings on 31st December 2017.
The problem here is that Soros has pledged action against the oil, gas and coal sectors, on the basis that those industries are exacerbating climate change. He also founded a climate change policy group called the Climate Policy Init…