Wills & Trusts Law Reports | Autumn 2022 #188The Ashden Trust and the Mark Leonard Trust (the charities) were charitable trusts whose principal purposes were environmental protection and the relief of poverty.
The trustees of the charities sought the court’s blessing for an investment policy inspired by the Paris Climate Agreement (the Paris Agreement). The Paris Agreement’s primary objective was to limit global warming to 1.5 – 2 degrees, below pre-industrial levels, in part by reducing greenhouse gas emissions and by promoting ‘climate resilient development’.
The charities’ investment policy stood to exclude investm...
Jelena Serbic and Paul Ridout review the results of the Charity Commission’s inquiry into the Cup Trust ‘The Commission’s final report provides a fairly comprehensive account of the extent to which the law relating to charitable status meant that it simply did not have the options of refusing to register the Cup Trust or of …
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