Comment on King’s estate to transfer £100m into ethical funds after bona vacantia revelations
ramble81@lemm.ee 10 months ago
“Oops, you caught us… here we’ll transfer some money to you plebs to look like we’re atoning, but we’ll still make money off of it and keep that “
Am I reading that wrong? Ethical or not, it’s still an investment with money they ended up with.
Redfox8@feddit.uk 10 months ago
They haven’t transferred the money to anyone else. An ethical investment fund just selects businesses that meet certain criteria, e.g. no weapons manufacturers or tabacco companies. They haven’t given a penny back to anyone, not even made a donation to e.g. a non-royal family charity or good cause, as far as I’m aware. They’ve just changed the source of funds for the renovations that this particular income was reported to being used for.