Billionaire climate ‘philanthropist’ George Soros invested more than $2m (£1.3m) in struggling coal giants Peabody Energy and Arch Coal in recent months, despite having once called the fuel “lethal” to the climate. Filings with the Securities and Exchange Commission show that between April and June this year Soros Fund Management (SFM) bought more than 1m shares in Peabody ($2.25m), the world’s largest private coal company, and 500,000 shares in Arch ($188,000). Soros has also been a significant donor to both Hillary Clinton and Barack Obama’s election campaigns, donating at least $1m to each through the Priorities USA Action superpac. Both have positioned themselves as supporters of strong climate action and Soros himself has been crucial in funding the global warming activists that spurred Obama into creating draconian regulations for the coal industry, in essence bankrupting some of the coal companies he’s just invested in. The coal industry has admitted that Obama’s clean power plan, which Clinton has vowed to support, threatens the future of coal in the US. A spokesman for SFM declined to comment on the investments.
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