By Doug Zanger

In its continued move to divest from its $40bn fossil fuel endowment, the Bill and Melinda Gates Foundation, according to regulatory filings from to the US Securities and Exchange Commission (SEC), has sold off its entire holding in BP.

The stake, $187m worth, was sold between September and December 2015. This follows a sale of $842m in ExxonMobil stock and continues the foundation’s downward trend of investing in fossils fuels. The known investments of the foundation’s fossil fuel portfolio has dropped by 85 per cent since 2014, according to the Guardian.

“We are thrilled that the Gates foundation continues to divest Read full story ›

Source: The Drum