The UK’s new climate envoy, Rachel Kyte, will continue to serve on the board of a charity linked to fossil fuel investments and a donation to the Labour party, despite controversy surrounding her appointment. The Quadrature Climate Foundation, founded by the Quadrature Capital investment company, made a significant donation to the Labour party and has investments in fossil fuels. Kyte, a respected figure in the climate and development sector, was appointed as the UK’s special representative on climate this week.
While some concerns were raised about potential conflicts of interest, senior figures in the global green movement have rallied behind Kyte, highlighting her extensive experience and expertise in climate issues. She will also maintain her position at Oxford University and a few other external engagements.
Kyte’s appointment as the special representative on climate will involve engaging in high-level diplomacy and forging alliances with countries to address the climate crisis. The Foreign, Commonwealth and Development Office conducted a thorough due diligence process before her appointment to ensure no conflicts of interest arise during her tenure.
The Quadrature Climate Foundation emphasized its focus on funding science-led climate solutions and promoting sustainable development globally. The foundation operates independently from the investment company and has a politically neutral stance, supporting no specific party. Kyte’s appointment to the foundation’s advisory board was based on her leadership in the climate space and her extensive experience in various international organizations.
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