“Filings with the Securities and Exchange commission show that between April and June this year Soros Fund Management (SFM) bought more than 1 million shares in Peabody, the world’s largest private coal company, and 500,000 shares in Arch.”
In 2009, Mr. Soros pledged to spend $1 billion of his own money on renewable energy at Al Gore’s urging and funded the Far Green “Climate Policy Initiative” thinktank. At the time, he said: “There is no magic bullet for climate change, but there is a lethal bullet: coal.”
A spokesman for SFM declined to comment on the investments. Wotta surprise.