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UK Conservatives get big donations from fossil fuel and weapons companiess

Unearthed 11th Dec 2019, The Conservative election campaign has received hundreds of thousands of pounds from wealthy investors in the global fossil fuels industry, according to a new analysis by Unearthed. Some of the companies and projects benefiting from donors’ investments are opening up new fossil fuel reserves – even as the world battles climate change and the UK
prepares to host a crunch summit next year.

One of the Tory’s major donors also runs a hedge fund that holds significant investments in a major weapons manufacturer and a mining giant. Meanwhile the Liberal Democrats have taken a significant donation from a subsidiary of a hedge fund that has a major stake in the energy firm being blamed for California’s deadly wildfires and another stake in a French oil services firm.

The analysis looked at donations to political parties over £50,000 during the first three weeks of the election campaign and the financial holdings of
investment companies, as collected and presented by Bloomberg.

December 12, 2019 - Posted by | politics, UK

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