"Exclusive: Campaigners argue news channel’s attacks on climate action ‘work in financial interests’ of Sir Paul Marshall"
"The hedge fund run by the co-owner of GB News almost tripled its investments in fossil fuel companies in the first quarter of 2026 to $2.8bn (£2.1bn), the Guardian can reveal.
Critics have accused Sir Paul Marshall of “cashing in on climate chaos” and have claimed the news channel, which frequently attacks climate science and action, was “working in its owner’s financial interests”.
Marshall is the chair and chief investment officer of Marshall Wace Asset Management, one of the world’s biggest hedge funds. Analysis by the Guardian and DeSmog shows the biggest increase in Marshall Wace’s declared fossil fuel investments was in oil company Chevron. Marshall Wace tripled its shareholding, boosting its value from $196m at the end of December to $864m at the end of March."
Damian Carrington and Sam Bright report for the Guardian July 6, 2026.
