The Guardian, too busy being a hypocrite, missed it’s own investments. Hehehe: The Guardian backs big oil
Barry Woods points us to the transcript of a most amusing Guardian podcast on the subject of that organ’s latest bit of posturing. It seems that the divestment campaign has yet to actually have any impact on the Guardian’s own investments:
Amanda Michel: You know, there are big questions about asking people to do something that we ourselves have not done.
Aleks Krotoski: What Amanda is talking about is sorting out the Guardian’s own pots of money, their investments.
Amanda Michel: It will seem like hypocrisy.
Alan Rusbridger: We have about £600 million invested at the moment, and I don’t think our fund managers could say exactly how much was invested in fossil fuel. But it is there, we haven’t said that it shouldn’t be, so we have got money invested. And so, if we’re going to be calling on people to divest, people are bound to ask “Well, is that what the Guardian’s going to do?”
I have to say I agree with Ms Michel: it will indeed seem like hypocrisy for the Guardian to keep backing big oil in this way.