"Exclusive: Quadrature Climate Foundation is run by billionaires whose fund has stakes worth $170m in fossil fuel firms".
"Some of the world’s best-known climate campaign groups have taken millions of pounds in donations from a foundation run by billionaire hedge fund bosses whose investment fund has invested in fossil fuel companies, the Guardian has learned.
Groups including the European Climate Foundation, the Carbon Tracker Initiative and the World Wide Fund for Nature (WWF) have taken millions of pounds in grants over the past two years from Quadrature Climate Foundation, according to filings with the Charity Commission. WWF told the Guardian on Tuesday it would investigate the donation.
Quadrature Climate Foundation was set up by Quadrature Capital, a multibillion-pound investment fund founded by the enigmatic billionaires Greg Skinner and Suneil Setiya. Quadrature Capital has stakes worth more than $170m (£135m) in fossil fuel companies, according to filings with US regulators.
The fund’s most recent filings with the US Securities and Exchange Commission show that as of the end of March, Quadrature had stakes in 45 fossil fuel companies, mostly in North America."
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