Billionaire Patagonia founder gives away company to fight the climate crisis

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The company will continue to produce outdoor clothing, camping supplies, and other goods, but now all profits will go to organisations to fight the climate crisis.

The company's voting stock will go to the Patagonia Purpose Trust, which will"protect the company's values". The non-voting stock will go to Holdfast Collective, a non-profit that will use the company's profits each year for environmental action.

A year earlier, in 2017, it even joined a lawsuit to stop the federal government from shrinking the Bears Ears and Grand Staircase-Escalante national monuments in Utah.Mr Chouinard has always been uncomfortable with the vast personal wealth his successful company has brought. Ryan Gellert, the company's chief executive told the NYT:"They felt very strongly about it. I know it can sound flippant, but they really embody this notion that every billionaire is a policy failure."

"It's been nearly 50 years since we began our experiment in responsible business, and we are just getting started," wrote Mr Chouinard.

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A good guy…not a Koch or a Murdoch.

Elon Musk is so desperate to be seen a saviour of the human race, just got schooled. Respect

What crisis

Sorry mate but you can’t count Mother Nature.

Ed’s like can I switch places with this fool

ErikSolheim AUThackeray

Looks like Donald Pleasance.

watch control number

Billions of dollars have been wasted on claims of a massive increase of carbon dioxide (CO2) in the Earth’s atmosphere and entire careers, organizations, and government agencies have been financed to advance the hoax.

Good deed or foolish woke virtue signal? Whacoo think?

🤣

Like you do🤔🤔🤔

He'll live to regret that decision. Believe me.

No such thing as a CO2 crisis. The economy will crash because of central banks/government debt bubbles. It´s the end of the fossil fuel era. ⚡️ And of course peak oil is real anyway.

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