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The Guardian - UK
The Guardian - UK
Environment
Damian Carrington and Sam Bright

GB News co-owner ‘cashing in on climate chaos’ after leap in fossil fuel investments, critics say

Paul Marshall faces the camera, standing behind a chair in a boardroom.
Paul Marshall is the chair of the hedge fund Marshall Wace, whose declared holdings in fossil fuel companies almost tripled to $2.8bn in the first quarter of 2026. Photograph: Anna Gordon

The hedge fund run by the co-owner of GB News almost tripled its investments in fossil fuel companies in the first quarter of 2026 to $2.8bn (£2.1bn), the Guardian can reveal.

Critics have accused Sir Paul Marshall of “cashing in on climate chaos” and have claimed the news channel, which frequently attacks climate science and action, was “working in its owner’s financial interests”.

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