Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Oil News: Crude Oil Futures Rejected at $67.44 Pivot as OPEC+ Eyes 411,000 bpd Hike

July 3, 2025

U.S. Lifts Restrictions on Ethane Exports to China

July 3, 2025

Luxembourg Stock Exchange Launches Climate Transition Data Platform for Corporate Debt Issuers

July 3, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Baillie Gifford prize winner rejects award over fossil fuel ties
Greenwashing News

Baillie Gifford prize winner rejects award over fossil fuel ties

omc_adminBy omc_adminNovember 20, 2024No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


ADVERTISEMENT

Australian writer Richard Flanagan was awarded the £50,000 (€60,000) prize for his genre-bending memoir “Question 7” which combines autobiography, family history and the story of the development of the atomic bomb.

Although Flanagan couldn’t attend the London ceremony last night as he is trekking in the Tasmanian rainforest, he sent in a video message saying he wouldn’t accept the prize fund until the firm cuts off its investment in fossil fuel.

Close advertising

In his speech, Flanagan noted that he wasn’t intending to criticise the firm, but would welcome an opportunity to speak with Baillie Gifford’s board to “describe how fossil fuels are destroying our country”.

Over the past year, Baillie Gifford has come under increased public criticism for the industries the Scottish firm invests in.

Baillie Gifford entered the public eye in August 2023 when over 50 authors threatened to boycott the Edinburgh Book Festival over its investments in corporations that profit from fossil fuels.

At the time, it was reported that the firm had around £4.5 billion (€5.3 billion) invested in companies involved in oil and gas money. Baillie Gifford has sponsored many of the major literary festivals around the UK in recent years, including the Hay, Borders, and Cheltenham Book Festivals, alongside Edinburgh Book Festival and Fringe Festival.

After the Israeli assault on the Gaza Strip following the October 7 attacks by Hamas last year, the boycott, championed by pressure group Fossil Free Books, has also demand that Baillie Gifford also divest “from companies that profit from Israeli apartheid, occupation and genocide.”

Fossil Free Books’s pressure has succeeded to make the Hay Festival, Edinburgh International Book Festival, Wigtown Book Festival, and Borders Book Festival end their partnerships with Baillie Gifford. The Edinburgh Fringe Festival also came under pressure from Fossil Free Books, but CEO Shona McCarthy and the Fringe board voted to maintain the partnership.

Last month, the Ferret, a Scottish news company, criticised Baillie Gifford for their £17 million (€20.3 million) investment in AeroVironment, “a US company that makes drones loaded with explosives to destroy ground targets.”

Founded in 1999 by the firm, the nonfiction prize annually recognizes the best of English-language books from any country in current affairs, history, politics, science, sport, travel, biography, autobiography and the arts.

Flanagan’s rejection of the prize brings the firm’s controversial activity back into the spotlight once again, in part due to how esteemed a writer he is. Flanagan won the Booker Prize in 2014 for “The Narrow Road to the Deep North”, a novel that drew on his father’s experiences as a World War II prisoner of the Japanese military.

Baillie Gifford Prize director Toby Mundy said that for the same writer to win the leading UK-based fiction and nonfiction awards was “completely unprecedented.”

Journalist Isabel Hilton, who chaired the judging panel, said Flanagan had written a “meditative symphony of a book” that weaves together “enormous traumatic events of the 20th century … with an extraordinary personal narrative.”

Hilton said Flanagan’s fiction background was evident in the book’s inventiveness and “narrative beat.” “I think the book benefitted from that novelist’s eye,” she said.

Baillie Gifford partner Peter Singlehurst criticised Flanagan and the campaigners’ demands, saying “purity is illusory.”

ADVERTISEMENT

“What is being demanded is something we cannot do,” he told attendees at the ceremony. “The literary community must either accept us as they find us, or not at all.”

Mundy said the nonfiction prize hoped to renew Baillie Gifford’s sponsorship, which ends in 2026. “They’ve been exemplary sponsors and I think exemplary supporters of the literary culture of this country,” he said.

Flanagan’s book beat five other finalists, including American writer Annie Jacobsen’s sobering “Nuclear War: A Scenario”, Pulitzer Prize winner Viet Thanh Nguyen’s autobiographical “A Man of Two Faces: A Memoir, A History, A Memorial”, British biographer Sue Prideaux’s “Wild Thing: A Life of Paul Gauguin”, Belgian author David Van Reybrouck’s decolonisation history “Revolusi: Indonesia and the Birth of the Modern World” and British doctor Rachel Clarke’s medical journey “The Story of a Heart”.

Last year’s winner was John Vaillant’s real-life climate-change thriller “Fire Weather: A True Story from a Hotter World”.

ADVERTISEMENT



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

From airlines to trainers, this German NGO stops companies from greenwashing products

April 11, 2025

Saudi Arabia’s sovereign wealth fund to buy Pokémon Go

March 13, 2025

‘Generic, vague, misleading’: Shein investigated by Italian watchdog over greenwashing

September 26, 2024
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20254 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Analysts Reveal What They Expect at Next OPEC 8 Meeting

By omc_adminJuly 3, 2025

In a report sent to Rigzone by the Standard Chartered Bank team late Tuesday, analysts…

U.S. shale to slow drilling as Trump’s tariffs rattle executives

July 3, 2025

Equinor expands digital collaboration with HCLTech

July 2, 2025

DNO strikes deals for gas offtake and $500 million financing facility

July 2, 2025
Top Trending

Luxembourg Stock Exchange Launches Climate Transition Data Platform for Corporate Debt Issuers

By omc_adminJuly 3, 2025

More than 1,500 people evacuated in Crete due to wildfire as Europe’s heatwave continues – live | Europe

By omc_adminJuly 3, 2025

Low Carbon Building Materials Provider Terra CO2 Raises $124 Million

By omc_adminJuly 2, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

National Security VC Firm Aims for $315 Million Debut Fundraise

July 3, 20250 Views
Our Picks

Eni Next, Azimut Partner to Accelerate Clean Tech Deployment

July 3, 2025

SP Energy Networks Earmarks $1.9B For Scottish Grid Upgrades

July 3, 2025

Chevron, Total Vying in Libya’s First Oil Tender Since 2011 War

July 2, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.