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

The Guardian6 jul 2026Macro
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The fund’s fossil-fuel holdings reached $2.8bn after a near-tripling over the first quarter, with the Chevron position rising from $196m to $864m and new stakes taken in ConocoPhillips, Shell and Devon Energy, while clean-energy investments fell 30% to $415m. The Guardian–DeSmog analysis draws on regulatory holdings disclosures; Marshall Wace called it “partial and inaccurate,” citing undisclosed short positions and stating that Paul Marshall invests in GB News in a personal capacity unconnected to the firm’s management. Greenpeace UK, the Green Party and Stop Funding Heat each criticised the alignment between the investments and the channel’s editorial line on climate.