Daily Caller: Prince Charles lobbied to change climate policy in way that caused his estate to profit off its investment in a Bermuda company, Sustainable Forestry Management Ltd., the BBC reports.
The revelation about the prince of Wales came in a 13.4 million document leak known as the Paradise Papers. The International Consortium of Investigative Journalists recently released the documents revealing financial information on the world’s elite, The New York Times reports.
The Paradise Papers revealed that while Prince Charles was lobbying for a rule change to allow “carbon credits” from rainforests to be bought and traded, Charles’s estate invested $113,500 in Sustainable Forestry, according to the BBC.
Duchy of Cambridge ended up tripling its investment. The estate maintains that Charles had nothing to do with the investment, and that he has advocated for many climate change policies over decades. In 2015, Charles gave a speech at University of Cambridge’s Institute for Sustainability Leadership, saying“profound changes” are needed ” if we are to limit climate change, conserve resources and keep ecosystems functioning, while at the same time improving the health and wellbeing of billions of people.” read more