Prince Harry, Meghan's friend, takes a dig at Prince William's partners after the new scandal

Prince Harry, Meghan’s friend, takes a dig at Prince William’s partners after the new scandal


Royal fans and experts on the monarchy never miss an opportunity to criticize Prince Harry and Meghan Markle.

A British tabloid always finds something in everything the couple does to criticize them.

He is always seen praising the future King William and his wife Kate Middleton.

There was total silence when the latest news came Associated Press said William’s charity maintains its investment in the bank, which is one of the world’s biggest backers of fossil fuels.

As soon as the news broke online, Prince Harry and Meghan’s friend and biographer Omid Scobie took to social media to check out William’s partner in the Earthshot Prize competition.

Prince Harry, a friend of Meghans, takes a dig at Prince Williams' partners after the new scandal

He said it was “surprising to see Bloomberg release this news, given that their Bloomberg Philanthropies organization has partnered with the Earthshot Prize Innovation Summit next month in New York.”

AP said the Royal Foundation also places more than half of its investments in a fund advertised as green, which owns shares in major food companies that buy palm oil from companies linked to deforestation.

“The earth is at a tipping point and we face a serious choice,” the prince, a well-known environmentalist, was quoted as saying by the Earthshot Prize and Royal Foundation websites.

Still, the charity retained more than £1.1 million ($1.3 million) with JPMorgan Chase in 2021, according to the most recent records, and continues to invest in the corporation today. The foundation also held 1.7 million pounds ($2 million) in a fund run by British firm Cazenove Capital Management, according to a 2021 filing.

As with JPMorgan, it still holds funds with Cazenove, which had securities linked to deforestation through the use of palm oil in May. The foundation invested similar amounts in both funds in 2020, its older filings show. As of December 2021, the charity also held over £10 million ($12.1 million) in cash.

Investments that the Royal Foundation did not dispute when contacted APTop scientists have repeatedly warned that the world must move away from fossil fuels to sharply reduce emissions and avoid increasingly intense weather extremes.

Financial experts say investments like foundation investments can be blind spots for charities and philanthropies. As climate change becomes a growing focus for foundations and others, organizations sometimes struggle to recognize where their own investments lie and align them with more environmentally friendly choices, despite the growing number of ways to avoid funds associated with fossil fuels.

Like the Royal Foundation, other foundations, including major UK charities such as the National Trust and the Wellcome Trust, have faced criticism in recent years for investments with strong links to fossil fuels or environmentally harmful practices. Microsoft co-founder and philanthropist Bill Gates announced in 2019 that he has divested his foundation of direct oil and gas interests.

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