Who finances RePlanet and its love for nuclear energy?
In this week’s Gossage Gossip, our columnist discusses the financing behind environmental activist organisation RePlanet.
In this week’s Gossage Gossip, our columnist discusses the financing behind environmental activist organisation RePlanet.
It is worth looking at who actually finances RePlanet – the organisation behind Swedish teenager La Anstoot, who is very publicly asking Greenpeace to get on board the nuclear train via a slick website and multiple media interviews.
Well, according to its EU filing, 94% of RePlanet's two million euros per year comes from the Quadrature Climate Foundation. This was established by Quadrature Capital which owns $170 million in fossil fuel companies, including a $24 million stake in ConocoPhillips, the multinational oil giant behind the controversial Willow project that will drill in the Arctic.
So why on earth would the fossil fuel lobby be promoting fissile fuel? Perhaps it has something to do with the decades-long nuclear construction times – which is already up to 17 years, according to the Sunak government. Just think of all those carbon-burn dollars that can be generated in the meantime.
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