Greta Thunberg has cancelled an upcoming appearance at the Edinburgh International Book Festival, accusing the sponsors of the event of “greenwashing”
“In applauding Greta for standing by her principles, we too must stand by ours,” he added.
“They are early investors in progressive climate positive companies, providing funds to help them grow. While they acknowledge there is still work to do, we have seen them make rapid progress throughout our 19-year relationship. A spokesperson for Baillie Gifford said: “We are not a significant fossil fuel investor. Only 2 per cent of our clients’ money is invested in companies with some business related to fossil fuels.
“We are investing on behalf of our clients to grow their savings and retirement funds. When we invest in companies on their behalf, we do so over long time periods – typically 10 years or more – so this has naturally led us away from traditional fossil fuel firms.
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