Bill Gates charity trust’s holdings in fossil fuel firms rise despite divestment claims

Trust had $254m invested in companies such as Chevron, BP and Shell in 2024, a nine-year record, analysis shows

The Gates Foundation Trust holds hundreds of millions of dollars in fossil fuel extractors despite Bill Gates’ claims of divestment made in 2019.

End-of-year filings reveal that in 2024 the trust invested $254m in companies that extract fossil fuels such as Chevron, BP and Shell. This was a nine-year record and up 21% from 2016, Guardian analysis found. Adjusting for inflation, it was the highest amount since 2019.