Patagonia founder gives billion-dollar company to environmental causes

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'We’ll use the wealth Patagonia creates to protect the source of all wealth,” Yvon Chouinard wrote.

, long known for environmental activism, says the company is transferring all of its voting shares into a trust “dedicated to fighting the environmental crisis and defending nature.”

“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,” Chouinard wrote.

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