GB News Owner Triples Fossil Fuel Investments Amid Climate Criticism

The hedge fund managed by Sir Paul Marshall, co-owner of GB News, significantly increased its investments in fossil fuel companies during the first quarter of 2026. The fund's holdings in this sector rose to $2.8 billion (£2.1 billion), a nearly threefold increase from the previous period, according to an investigation by The Guardian. This substantial growth in fossil fuel investments has drawn sharp criticism from campaigners and environmental advocates.

These critics contend that Sir Paul Marshall is "cashing in on climate chaos." They further allege that GB News, a news channel known for its frequent critiques of climate science and environmental policies, may be operating in alignment with its owner's financial interests. The juxtaposition of the channel's editorial stance and the hedge fund's expanded fossil fuel portfolio has fueled accusations of a conflict of interest and a deliberate effort to undermine climate action for personal financial gain.

The Guardian's report highlights a period where global awareness and concern regarding climate change continue to escalate, making the timing of these increased fossil fuel investments particularly contentious. The findings suggest a potential strategy to benefit from industries often at the center of climate change debates, while simultaneously promoting narratives that question or oppose climate mitigation efforts through its media platform.