Takeaways:

  • Yvon Chouinard, the founder of Patagonia, has announced that he will give away his $3 billion company to fight climate change.
  • The money will go towards the Patagonia Purpose Trust and nonprofit Holdfast Collective, redirecting the company’s annual profits towards environmental causes.
  • “Instead of extracting value from nature and transforming it into wealth for investors, we’ll use the wealth Patagonia creates to protect the source of all wealth”, said Yvon.

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