Bill and Melinda Gates Foundation divests entire holding in BP

World's largest health charity sells its $187m stake in the oil giant in a move welcomed by fossil fuel divestment campaigners

The Bill and Melinda Gates Foundation has sold off its entire holding in oil giant BP, in a move welcomed by fossil fuel divestment campaigners.

Bill Gates has called the selling off of coal, oil and gas stocks a "false solution" to climate change, but the known investments of his foundation in major fossil fuel companies has fallen by 85% since 2014.