Will Australia’s mega-rich help save the world from climate change?


The billionaire founder of outside gear firm Patagonia is giving his riches to local weather motion causes. Are the wealthiest Australians doing sufficient to save lots of the world?

Patagonia founder Yvon Chouinard (Picture: YouTube)

Outside clothes firm Patagonia’s billionaire founder has declared earth can be the only shareholder of his US$3 billion firm, efficient instantly.

“If we’ve got any hope of a thriving planet — a lot much less a thriving enterprise — 50 years from now, it’ll take all of us doing what we will with the sources we’ve got,” Yvon Chouinard stated.

Is that this the beginning of a development? Chouinard, who based the corporate off the again of his love of mountain climbing, is thought for being an unconventional billionaire. His transfer, which can channel an estimated US$100 million a yr into local weather causes, is in a distinct league from current motion by Australian billionaires Andrew “Twiggy” Forrest and Atlassian co-founder Mike Cannon-Brookes.

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