by Richard Pollock
George Soros made big investment bets on fossil fuel companies in the fourth quarter of 2017 even though he claims these firms contribute to climate change, according to a Daily Caller News Foundation investigation.
In the last quarter of 2017, Soros Fund Management reported investments in eleven new fossil corporations totalling nearly $160 million, according to his company’s December 31, 2017, filing before the Securities and Exchange Commission reviewed by TheDCNF.
His investments in fossil fuels undermines his public pledge to use his money to eliminate the oil, gas and coal industries, claiming they threaten the planet by accelerating climate change…
Soros’s investment activity “was not surprising,” Craig Richardson, president of the free market Energy and Environment Legal Institute, told The DCNF.
“These global elitists try to wrap themselves in this ‘sky-is-falling, fossil fuels are bad, climate change is real mantra,’ but the fact of the matter is they are doing that to manipulate markets,” he said.