Patagonia founder gives away company to help fight climate crisis

  • 📰 TheTorontoSun
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Yvon Chouinard, Patagonia\u0027s founder, said he is giving away the company to a trust that will use its profit to fight the climate crisis.

Instead of selling the company or taking it public, Chouinard, who became famous for alpine climbs in Yosemite National Park and has a net worth of $1.2 billion, is transferring his family’s ownership of the company to a trust and a non-profit organization.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up.

 

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

Good for them - ya pay tax to Govt to change weather - makes sense 🙄🙄🙄

After years of overcharging for tgeir products.

Sounds like a tax dodge

Just don't give the company to any govt. They will surely bankrupt it within an election cycle.

How exactly?

🤡

I’m sure he won’t go broke. Somehow money will get back to him or the Liberal party.

Good grief. Is there no end to this nonsense.

Is Trudeau giving up flying next?🙄

“Instead of extracting value from nature and transforming it into wealth for investors, we’ll use the wealth Patagonia creates to protect the source of all wealth.” Go woke, go broke.

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:

 /  🏆 23. 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 company to help fight climate crisisYvon Chouinard, Patagonia\u0027s founder, said he is giving away the company to a trust that will use its profit to fight the climate crisis.
Source: ottawasuncom - 🏆 4. / 92 Read more »

Patagonia founder to give apparel company to trust, direct profits toward climate crisis fight | CBC NewsYvon Chouinard, the billionaire founder of outdoor apparel brand Patagonia said Wednesday that he's giving away the company to a trust that will use its profit to fight the climate crisis. Wow kinda dumb putting everything in one barrel. Hipster doofus wear ❗️❗️❗️😱
Source: CBCAlerts - 🏆 37. / 63 Read more »

Patagonia founder gives away company to help fight climate crisisYvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust that will use its… “Instead of extracting value from nature and transforming it into wealth for investors, we’ll use the wealth Patagonia creates to protect the source of all wealth.” Go woke, go broke.
Source: OttawaCitizen - 🏆 21. / 68 Read more »

Patagonia founder gives away company to help fight climate crisisYvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust that will use its profit to fight the climate crisis. So he/she retired period? LOL what crisis
Source: CTVNews - 🏆 1. / 99 Read more »

Patagonia founder gives away company to help fight climate crisisYvon Chouinard, Patagonia\u0027s founder, said he is giving away the company to a trust that will use its profit to fight the climate crisis.
Source: ottawasuncom - 🏆 4. / 92 Read more »