The Founder Of Patagonia Is Giving The Company Away So That All The Profits Go Toward Fighting Climate Change

  • 📰 BuzzFeed
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

“We can save our planet if we commit to it.”

company to another owner as he “couldn’t be sure a new owner would maintain our values or keep our team of people around the world employed.”, and each year the profits will be distributed to help fight the climate crisis. Chouinard told the New York Times the effort would be focused on preserving wildlands and other nature-based climate solutions. The Holdfast Collective will also be able to lobby and donate to political campaigns as a 501 organization.

“Despite its immensity, the Earth’s resources are not infinite, and it’s clear that we’ve exceeded its limits,” said Chouinard in his statement. “But it’s also resilient. We can save our planet if we commit to it.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s right, but they won’t!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 730. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Patagonia Founder Gives Away Entire Company To Fight Climate ChangeAll future Patagonia profits that aren’t reinvested into the company will go toward combating climate change, the company said, stripping founder Yvon Chouinard of his billionaire status. 👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼 Great article. 写7谢谢7777777777777谢谢77
Source: Forbes - 🏆 394. / 53 Read more »

Patagonia owner donates $3 billion company to climate change activismThe founder of outdoor apparel and gear company Patagonia announced Wednesday that he is giving his company away after 50 years to groups that advocate climate change mitigation. patagonia What a waste patagonia 😂😂😂😂 patagonia Maybe he could feed the poor, but nah let’s throw money at the clouds
Source: dcexaminer - 🏆 6. / 94 Read more »

Patagonia Founder Gives Away $3 Billion Company To Fight Climate Change“Earth is now our only shareholder,” Yvon Chouinard wrote in an open letter. Trading has been always successful ever since I started trading all my bitcoin with tyronFXT his platform and signal are very much okay. I would advise you get in touch with him for more info tyronFXT W O W
Source: YahooNews - 🏆 380. / 59 Read more »

Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate ChangeRather than sell the company or take it public, Yvon Chouinard said the outdoor clothing brand he founded nearly 50 years ago will be owned by a trust and a nonprofit organization. Lame I read the wapo or nyt article (I forget which) and I was so impressed and grateful that I resolved to buy their products from now on; until I went to their website and remembered why I didn’t buy their stuff before. (Very pricey) Holdfast Collective, the nonprofit organization, owns 98% of the company and all of the nonvoting stock, which doesn’t give it decision-making authority. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Voting stock matters.
Source: WSJ - 🏆 98. / 63 Read more »

Patagonia Founder Gifts Entire Company to Fight Climate ChangeThe founder of Patagonia is handing over his company, valued at $3 billion, over to trusts and non-profit organizations focused on fighting climate change. True leadership by example My chin dropped! What’s the catch?
Source: RollingStone - 🏆 483. / 51 Read more »