Thunberg announced her decision to pull out of the event in a statement shared by the festival on Friday, outlining her belief that as a climate activist she cannot attend an event sponsored by investment management firm, Ballie Gifford, due to its connections with the fossil fuel industry.
“Greenwashing efforts by the fossil fuel industry, including sponsorship of cultural events, allow them to keep the social license to continue operating. I cannot and do not want to be associated with events that accept this kind of sponsorship,” her statement continued. “I share Greta’s view that in all areas of society the rate of progress is not enough,” Barley continued.
He defended Baillie Gifford’s record on climate, pointing towards the company’s investment in “progressive climate positive companies,” adding that the festival has seen Baillie Gifford make “rapid progress” on climate issues during its 19-year partnership with the company.
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