The Guardian6 Jul 2026Macro
Automatically composed with AI from the cited sources
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.