The Gates Foundation's investments,
compared
with its stated principles.
The article presents the information annoyingly via images, which help
the companies by presenting their logos. I see no reason to do that.
Here's what the text in those images says.
Gates Foundation says: "Our nutrition efforts focus on delivering
proven interventions and developing better tools and strategies for
providing pregnant women and young children with the foods and
nutrients they need"
The foundation's trust invested in:
- Coca-Cola
- MacDonalds
- Pepsico
- Burger King
- Yum! (parent company of KFC, Taco Bell, & Pizza Hut)
Bill Gates says: "As a businessman, I believe the free market fuels
growth. Unfortunately, the market often fails to address the needs of
the poorest".
The Gates foundation trust invested in
Walmart.
Gates Foundation says: Bill and Melinda Gates "Have defined areas in
which the endowment will not invest, such as companies whose profit
model is centrally tied to corporate activity that they find
egregious".
The Foundation's trust invested in:
- Geo (The Geo Group) (Private prison company)
- G4S (UK Based private security company & operator of 19 juvenile
detention facilities in the US)
- DynCorp International (Military contractor)
Gates Foundation says: "The foundation believes that climate change is
a major issue facing all of us, particularly poor people in developing
countries …"
The foundation's trust invested in:
- ExxonMobil
- BP
- Shell
- ArchCoal
- ConocoPhillips
- Devon (oil & gas company)
- FirstEnergy (electric company)
- Energy Future Holdings (electric company)
- Schlumberger (engineering firm) (oilfield services)
- BakerHughes (Texas engineering firm) (oilfield services)
- Duke
Energy (electric company)
- Cenovus (Canadian oil sands developer)
- Coal India (Indian coal producer)
- Chevron
- Total (French oil company)
- Peabody
Energy (Coal producer)