Thursday, August 15, 2019

The Millionaires and Billionaires of Environmental Politics | Competitive Enterprise Institute

The Millionaires and Billionaires of Environmental Politics | Competitive Enterprise Institute
"There’s a story that’s told in newspapers, on news networks, and in the buzzing of Twitter. 
Budgets of major environmental activist groupsIn this story, there’s a clear good guy, a heroic underdog fighting the good fight, and a clear villain cackling in a corporate boardroom. 
This is a tale of grassroots environmentalists, banding together to solve the so-called climate emergency and financing their campaigns from small dollar donors impressed by and invested in the cause that these organizations are supporting.
...The annual revenue amassed by the biggest environmental groups is astonishing. 
...Much of that money is not coming from small-dollar grassroots fundraising, either. 
For instance, the Environmental Defense Fund received $71 million from the Walton Family Foundation in 2010. 
...Greenpeace had nearly ten percent of its funding in 2014 come from Leonardo DiCaprio’s foundation. 
...Many of the private donations are also obscured by being routed through charitable “pass-through” entities, such as the Energy Foundation. 
Image result for plausible deniability fOne foundation will donate to a pass-through—for instance, in 2018, the Hewlett Foundation donated $20 million to the Energy Foundation—and the pass-through then sends the money to another organizations, such as the Sierra Club, the Natural Resources Defense Council, the Niskanen Center, or others. 
No one can say for sure that any particular donation to the original foundation definitely went to the final organization; it’s plausible deniability for these wealthy donors..."
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