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By Melissa Croninon May 12, 2016 5:16 pmShare
Has the world’s largest charitable foundation started shifting away from fossil fuels?
The Bill and Melinda Gates Foundation sold off its $187 million stake in the oil giant BP sometime between September and December of 2015, according to a recent filing to the U.S. Securities and Exchange Commission. The move came after the foundation sold off $824 million in ExxonMobil stock, as disclosed last fall.
The foundation has been under pressure from climate activists demanding that it drop all investments in fossil fuel companies. The Guardian’s “Keep It in the Ground” campaign and the Gates Divest campaign have both been particularly dogged in focusing on Gates.
But the foundation has refused to comment on its investment decisions, so the significance of these recent oil-stock sell-offs is unclear. Bill Gates, the billionaire cofounder of Microsoft, has been skeptical of the fossil-fuel divestment movement and last year called it a “false solution.”
According to public records, the Gates Foundation held about $1.4 billion of investments in coal, oil, and gas companies at the start of 2014. Now it holds only about $200 million of those stocks, according to the Guardian — though it may have made new fossil fuel investments that haven’t been publicly disclosed.
Given the big troubles the coal industry is facing right now, and the volatility in the oil and gas sector, it’s the perfect time for investors like Gates to get out.
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Mother Jones
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The scene: A Trump rally held at the Prince William County Fair Ground, in Manassas, Va., on Wednesday.
The moment: Republican presidential candidate Donald Trump, autographing a supporter’s chest following a speech. This might be the Trumpiest campaign photo of all time, caught by the lens of Corbis/AP photographer, Cliff Owen. Mother Jones is trying to work out whether other photos exist of candidates signing supporters’ chests from previous campaigns, or if this is unprecedented Trumpiness. If any are out there, please leave links in the comments section.
Cliff Owen/AP
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This is Possibly the Trumpiest Trump Campaign Photo of All Trump Time
Mother Jones
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Jack White
Lazaretto
Third Man/Columbia
He may be in his late thirties, but Jack White continues to display a callow, almost cartoonish exuberance on his second solo album. The same giddy energy that informed his tenure leading the White Stripes, when he often evoked the buoyant excesses of Led Zeppelin in a smaller format, is still present here, but the textures are more varied and satisfying. Flavored by tasty dollops of pedal steel, Hammond B3 organ, fiddle, synth and the like, the consistently engaging Lazaretto hopscotches eagerly from blues to country to hard rock, with White’s arresting man-on-fire vocals always front and center. For all his obvious pleasure at being able to make a racket, however, there’s also a strain of existential angst: “All the creatures have it hard now. Nothing but God is left to know. And why he left us all here hanging. With an illusion of a home,” White sings on “Temporary Ground,” suggesting bad times to come.
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Mother Jones
Soon gun owners in the state of Georgia may be allowed to pack heat almost anywhere—including K-12 schools, bars, churches, government buildings, and airports. The “Safe Carry Protection Act” (HB 875) would also expand Georgia’s Stand Your Ground statute, the controversial law made famous by the Trayvon Martin killing, which allows armed citizens to defend themselves with deadly force if they believe they are faced with serious physical harm.
The bill could pass as soon as next week, before the current legislative session ends on March 20. It is the latest effort in the battle over gun laws that continues to rage in statehouses around the country. It is perhaps also the most extreme yet. “Of all the bills pending right now in state legislatures, this is the most sweeping and most dangerous,” Laura Cutiletta, a staff attorney with the Law Center to Prevent Gun Violence, told PolitiFact. Americans for Responsible Solutions, the gun-reform advocacy group founded by former congresswoman Gabby Giffords after she was shot in the head, has deemed it the “guns everywhere” bill. For its part, the National Rifle Association recently called HB 875 “the most comprehensive pro-gun reform legislation introduced in recent state history.”
In addition to overturning current state laws and dramatically rolling back concealed-carry restrictions, HB 875 would loosen other gun regulations in the state. The law would:
Remove the fingerprinting requirement for gun license renewals
Prohibit the state from keeping a gun license database
Tighten the state’s preemption statute, which restricts local governments from passing gun laws that conflict with state laws
Repeal the state licensing requirement for firearms dealers (requiring only a federal firearms license)
Expand gun owner rights in a declared state of emergency by prohibiting government authorities from seizing, registering, or otherwise limiting the carrying of guns in any way permitted by law before the emergency was declared
Limit the governor’s emergency powers by repealing the ability to regulate the sale of firearms during a declared state of emergency
Lower the age to obtain a concealed carry license from 21 to 18 for active-duty military and honorably discharged veterans who’ve completed basic training
Prohibit detaining someone for the sole purpose of checking whether they have a gun license
The sweeping bill would also expand the state’s Stand your Ground law into an “absolute” defense for the use of deadly force in self-protection. “Defense of self or others,” the bills reads “shall be an absolute defense to any violation under this part.” In its current wording, the bill would even allow individuals who possess a gun illegally—convicted felons, for example—to still claim a Stand Your Ground defense.
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Mother Jones
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Soldiers with the Japan Ground Self-Defense Force conduct an amphibious insertion using combat rubber reconnaissance crafts during Exercise Iron Fist 2014 aboard Naval Amphibious Base Coronado, Calif., Jan. 29, 2014. Iron Fist is an amphibious exercise that brings together Marines and sailors from the 15th Marine Expeditionary Unit, other I Marine Expeditionary Force units, and soldiers from the JGSDF, to promote military interoperability and hone individual and small-unit skills through challenging, complex and realistic training. (U.S. Marine Corps photo by Cpl. Emmanuel Ramos/Released)
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