The Gates Foundation Trust's annual 2024 filing revealed that it invested $254 million (£188.5 million) in companies involved in extracting fossil fuels, including Chevron, Shell, and BP. These fossil fuel investments have increased by 21% since 2016, reaching their highest level since 2019.
In 2013, the trust was heavily invested in fossil fuels, with holdings of nearly $1.4 billion (£1 billion). A global campaign by climate activists, students, and charities in 2015 called for foundations to divest from fossil fuels, posing a significant challenge for Gates.
