Eco-aware Prince Charles' charity to review controversial links to fossil fuel funds

The Prince of Wales will appear at next week’s UN climate change summit in Glasgow. He has recently expressed sympathy for Extinction Rebellion, praised veganism and criticised the oil and gas industries. However, the Prince’s Foundation, a conservation charity, actively receives funding from Saudi Arabian Oil Co, commonly known as Aramco.

The large donations from Saudi Arabia’s state-owned petroleum company compromise Prince Charle’s ethical stance on the environment.

Yesterday Prince Charles appeared via video at the Saudi Green Initiative Forum, an Aramco-backed forum, and welcomed a new commitment from the state to reach net-zero by 2060.

However, this comes as his own conservation charity has launched a review of its donation policy over whether it should accept donations from the world’s biggest fossil fuel company.

The Saudi state-owned Aramco company has produced almost 5 percent of worldwide greenhouse gases emissions since 1965.

Aramco has been donating to the Prince’s Foundation since 2018.

The key goal of the Prince’s Foundation is to execute Prince Charles’s vision of “revitalising the environment” and “championing a sustainable approach to the way people build community”.

The money donated to the Prince’s Foundation from Saudi Arabia also goes to fund the Ithra Centre, Aramco’s museum on the site of the first commercial Saudi oilfield.

This museum that is funded in partnership with the Prince’s Foundation “pays tribute to the wealth brought forth by the discovery of oil”, according to the Ithra Centre website.

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The Prince’s foundation holds net assets of £119million

In the lead up to the latest United Nations Climate Change Conference, known as COP26, experts agree that carbon emissions worldwide should be lowered to limit climate change “well below 2C above pre-industrial levels”.

Many experts say that the preferable goal is to keep global warming average temperature increase to 1.5C to avoid extreme life-changing changes for most of the world.

The IPCC has concluded that “global warming of 1.5C and 2C will be exceeded during the 21st century unless deep reductions in CO2 and other greenhouse gas emissions occur in the coming decades”.

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