Ferret Underground: Impact

Hi ,

Forgive us for blowing our own co-operative trumpet (it can be quite difficult to play), but we think that one of the reasons you subscribe to The Ferret is because we do impactful journalism.

In late July we revealed that Baillie Gifford, the lead sponsor of this year’s Edinburgh International Book Festival, had billions of pounds invested in firms that profit from oil, gas or coal.

Headlining said festival was climate activist Greta Thunberg.

Due to The Ferret's revelation, Thunberg has now pulled out of the festival.

This impact was thanks to the hard-work of a Ferret journalist, but also thanks to the support we receive from members, who help to pay for us to keep digging.

Thanks as always for your continued support.

Greta Thunberg has pulled out of an event at this year’s Edinburgh book festival after Ferret revelations about its sponsor’s investments in firms who profit from fossil fuels.

Last week we revealed that Baillie Gifford, the lead sponsor of this year’s Edinburgh International Book Festival, had billions of pounds invested in firms that profit from oil, gas or coal.

According to its own climate report, on 31 December 2022, two per cent of Baillie Gifford’s total investments were in companies which make at least five per cent of their money from the oil or gas industries, while 0.3 per cent were in firms which profit from the mining and sale of coal.