Royal Family LIVE: Oh dear! Meghan and Harry shoot themselves in foot with 'Ethic' deal


This week the Duke and Duchess of Sussex announced their partnership with the Ethic group, an “ethical” investment firm. The company, which Prince Harry and Meghan Markle said could “change the world”, claims to guide younger generations on investing in environmentally and socially “responsible” companies including areas like green energy.

However, Ethic – which is reported to have $1.3billion of assets – has been found to be pumping millions of pounds into a fossil fuel company. 

Documentation from the US Security and Exchange Commission shows the firm that the Sussexes are partnered with, has holdings in a number of banks, oil companies, pharmaceutical firms, and chemicals manufacturers.

One of Ethic’s investments is The Baker Hughes Company, which provides the oil and gas industry with products and services for oil drilling.

Ethic told the MailOnline that the former-royals would be able to avoid investing their funds in any companies that they personally disagree with: “We allow our clients to choose the environmental, social and governance issues that are most important to them and then help them create custom portfolios based on their preferences.

“Your personal portfolio might look different from your family members’ or friends’ that prioritize different things.”

Representatives for the Duke and Duchess of Sussex have been contacted by Express.co.uk.

Ethic has also been approached for further comment.

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