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Gates Foundation Trust Invests Millions in Fossil Fuels

1/19/2026

33 5 Full Breakdown

Summary

Story summary

The Gates Foundation Trust invested hundreds of millions in fossil fuel companies, contradicting Bill Gates' 2019 divestment claims.
In 2024, the trust invested $254 million in Chevron and BP, a 21% rise since 2016.
After divesting $1.4 billion in 2015, holdings in Glencore and BP rose again.
By 2023, these firms emitted more greenhouse gases than Russia, Japan, and Germany combined.

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Story summary

The Gates Foundation Trust invested hundreds of millions in fossil fuel companies, contradicting Bill Gates' 2019 divestment claims.
In 2024, the trust invested $254 million in Chevron and BP, a 21% rise since 2016.
After divesting $1.4 billion in 2015, holdings in Glencore and BP rose again.
By 2023, these firms emitted more greenhouse gases than Russia, Japan, and Germany combined.