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McKibben’s Divestment Tour – Brought to You by Wall Street | Part IX: Mainstreaming Sustainable Capitalism

April 30, 2015

By Cory Morningstar

[Part I of this series, McKibben’s Divestment Tour – Brought to You by Wall Street, can be found here. Part II, Part III, Part IV, Part V, Part VI, Part VII, Part VIII]

“Sometimes people hold a core belief that is very strong. When they are presented with evidence that works against that belief, the new evidence cannot be accepted. It would create a feeling that is extremely uncomfortable, called cognitive dissonance. And because it is so important to protect the core belief, they will rationalize, ignore and even deny anything that doesn’t fit in with the core belief.” ? Frantz Fanon, Black Skin, White Masks

Prologue: A Coup d’état of Nature – Led by the Non-Profit Industrial Complex

It is somewhat ironic that anti-REDD climate activists, organizations (legitimate grassroots organizations do exist) and self-proclaimed environmentalists, who consider themselves progressive, while speaking out against the commodification of nature’s natural resources also simultaneously promote the divestment campaign. It’s ironic because the divestment campaign will result (succeed) in a colossal injection of money shifting over to the very portfolios heavily invested in, thus dependent upon, the intense commodification and privatization of Earth’s last remaining forests (via REDD), water, etc. (environmental “markets” ). This tour de force will be executed with cunning precision under the guise of environmental stewardship and “internalising negative externalities through appropriate pricing.” Thus, ironically (if in appearances only), the greatest surge in the ultimate corporate capture of Earth’s final remaining resources is being led, and will be accomplished, by the very environmentalists and environmental groups that claim to oppose such corporate domination and capture.

Beyond shelling out billions of (tax-exempt) dollars (i.e., investments) to those most accommodating in the non-profit industrial complex (via foundations), the corporations need not lift a finger; the feat is being carried out by both the legitimate and the faux environmentalists in tandem with an unsuspecting public … a public with almost no comprehension of 1. the magnitude of our ecological crisis 2. the root causes of the planetary crisis, or 3. the non-profit industrial complex as an instrument of hegemony.

The commodification of the commons will represent the greatest, and most cunning, coup d’état in the history of corporate dominance – a fait accompli extraordinaire of unparalleled scale, with unparalleled repercussions for humanity and all life.

Further, it matters little whether or not the money is moved from direct investments in fossil fuel corporations to so-called “socially responsible investments.” The fact of the matter is, all corporations on the planet (thus all investments on the planet) do and will continue to require massive amounts of energies (including fossil fuels) to continue to grow and expand ad infinitum – as required by the industrialized capitalist economic system.

The windmills and solar panels serve as the beautiful (marketing) imagery, yet they are somewhat illusory – the veneer for the commodification of the commons, which is the fundamental objective of Wall Street, the very advisers of the divestment campaign.

Thus we find ourselves unwilling to acknowledge the necessity to dismantle the industrialized capitalist economic system, choosing instead to embrace an illusion designed by corporate power.

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Al Gore and David Blood

Blood & Gore Generation: of Commodification, Privatization, and Indoctrination

“Between 2008 and 2011 the company had raised profits of nearly $218 million from institutions and wealthy investors. By 2008 Gore was able to put $35 million into hedge funds and private partnerships through the Capricorn Investment Group, a Palo Alto company founded by his Canadian billionaire buddy Jeffrey Skoll, the first president of eBay Inc.” — Forbes, November 3, 2013

 

“Civil society has a central role in accelerating the transition towards Sustainable Capitalism. NGOs must take a 360-degree approach to the process of mainstreaming Sustainable Capitalism, realising their ability to influence stakeholders in every part of the business ecosystem. NGOs must engage with investors, companies, regulators and policy makers to encourage the rapid and effective adoption of Sustainable Capitalism through campaigns, lobbying efforts and partnerships with the private sector.” — Sustainable Investment Paper, Generation, February 15, 2012

For an accurate grasp of the true objective behind a national/international marketing campaign (the Keystone Pipeline campaign is another fine example), one is wise to bypass the non-profit industrial complex (NPIC) in its entirety and go directly to researching the investment firms and corporations who are set to increase market share and reap billions in profits via such campaigns. Campaigns funded by foundations (set up by the oligarchs) serve and protect the system with well-oiled precision. Billions of dollars funnelled into the NPIC laundering machine, on which corporations would be taxed otherwise, have never been such a sound and secure investment.

Perhaps the most telling and revealing of the world the NPIC wishes us to embrace is the investment firm recommended by 350.org et al: Generation. [PDF: A Complete Guide to Reinvestment] Under the section “What types of reinvestment exist?, Mutual Funds,” the top two examples listed (four in total) are 1) Generation Investment Management Climate Solutions Fund II and 2) Generation Investment Management Credit Fund.

“We are advocates for Sustainable Capitalism…. The first, which is our principal platform for activity, is a partnership model whereby we collaborate with individuals, organizations, and institutions in our effort to accelerate the transition to a more sustainable form of capitalism. In addition, the Foundation also supports select grant-giving related to the field of Sustainable Capitalism, engagement with the local communities where we operate, and an employee gift-matching program.” — Generation Foundation

Generation is an independent, private, owner-managed partnership with offices in London and New York. The firm was co-founded in 2004 by Al Gore and David Blood. From 1985 to 1999, Blood served in various positions at Goldman Sachs Group, Inc. From 1999 to 2003, Blood served as a Co-Chief Executive Officer and Managing Director of Goldman Sachs Asset Management. Blood served as a director of Goldman Sachs International. Blood sits on many boards including his director position held at NewForests (“establishes US presence in May 2007 to capitalise on growing investment interest in environmental markets in the US”). Its investment strategies focus on forests, timberland, and environmental markets; “NewForests have a limited number of private accounts clients to develop particular project and policy expertise in reducing emissions from deforestation and degradation (REDD) in other countries.” (REDD and Biomass). Blood also holds a position as director of The Nature Conservancy, the revolving door for Goldman Sachs executives. [Blood’s full bio].

Mark Ferguson, Peter Harris, Peter Knight and Colin Mark Le Duc are also co-founders of Generation Investment. Both Ferguson and Harris held prestigious positions at Sachs. Al Gore is Co-Founder, Chairman, and Partner of The Climate Solutions Fund of which Marc Le Duk is also a co-founder.

Generation is largely an institutional investment management firm, operating at the wholesale level (major pension funds, foundations, etc). The corporatocracy and covertness behind such investing is apparent when one considers the fact that law restricts the amount of information that firms (that focus on institutional clients) can provide, to “ensure that the general public is not enticed into investing in unsuitable and overly complex products”. [1]

“Mainstreaming Sustainable Capitalism by *2020 will require independent, collaborative and voluntary action by companies, investors, government and civil society, which we hope to accelerate by advancing the discourse on the economic benefits of sustainability.” — Sustainable Investment Paper, Generation, February 15, 2012

[*David Blood: “…we say in our paper 2020, the truth is we have a view that it really needs to happen by 2015 – otherwise we are increasingly in trouble.” Breakthrough Capitalism Forum lecture, May 29, 2012]

A key area of focus is to ensure the capitalist system is kept intact; to establish the acceptable parameters of the “market revolution.” In particular, in concise language, Blood and Gore make it exceptionally clear that alternatives to the suicidal capitalist system need not, should not and will not be considered:

“Capitalism has great strengths and is fundamentally superior to any other system for organising economic activity. It is more efficient in allocating resources and in matching supply and demand. It is demonstrably effective in wealth creation. It is more congruent with higher levels of freedom and self-governance than any other system. It unlocks a higher fraction of the human potential with ubiquitous, organic incentives that reward hard work, ingenuity, and innovation. These strengths are why it is at the foundation of every successful economy.

 

“Critically, capitalism has proven itself to be adaptable and flexible enough to fit the specific needs of particular countries. Capitalism comes in many forms, from that practised in the US to the very different model that has been adopted within communist China. The causes and consequences of these variations are, of course, significant – but the more important fact remains: the mainstream debate is about how to practise capitalism not whether we should choose between capitalism and some other system.” [Emphasis added] [Source]

Generation Investment is acknowledged for its contribution in the May 2013 41-page document Institutional Pathways to Fossil-Free Investing in collaboration with Phil Aroneanu and Jamie Henn of 350.org, Bob Massie of the New Economics Institute and others interconnected within this campaign. The sponsors listed are 350.org, Responsible Endowments Coalition (REC), Sustainable Endowments Institute and Tellus Institute. [2]

“By Year Five of the simulation, the portfolio has become fossil free and its five-percent targeted reinvestment has been allocated, across a variety of asset classes, as shown in Figure 4. Half of the target (2.5 percent of the entire portfolio) can be re-allocated to sustainable, fossil-free domestic and international public equities, through existing strategies with investment managers such as Generation Investment Management, Impax Asset Management, Portfolio 21, and Trillium Asset Management, among others.” — Institutional Pathways to Fossil-Free Investing

Video: Ceres lecture featuring Bill McKibben with David Blood:

https://vimeo.com/66321774

Generation’s key action is “to accelerate mainstreaming Sustainable Capitalism.” Insight into the coming corporate capture / commodification of the commons via the global implementation of “payments for ecosystem services” (PES) is made clear under the Current Initiatives section where it is stated: “Until there are policies that establish a fair price for widely understood externalities, academics and financial professionals should strive to quantify the impact of stranded assets and analyze the subsequent implications for assessing investment opportunities.” [Emphasis added.]

The top three sectors of focus for Generation are key to how the 21st century is being shaped: 1) Agricultural and Forestry Solutions (think genetic engineering, biomass burning, land grabs, and commodification of forests/REDD 2); Behaviour Change (think Avaaz/Purpose); 3) Bio-based Fuels, Plastics and Chemicals. (See all key sectors of focus that have been publicly disclosed.) (Note that 350.org et al are now publicly campaigning on/promoting the false solution of biofuels.)

Three such partnerships (publicly disclosed) include World Resources Institute, Natural Resource Defense Council (both represented on the Ceres board of directors), and The Climate Reality Project (formerly identified as Alliance for Climate Protection). Under Memberships and Initiatives, we find Ceres, the Ceres Investor Network on Climate Risk (INCR), Roundtable on Sustainable Palm Oil, and many others.

“We provide business-building expertise, access to Generation’s investment, corporate, NGO and sustainability networks and a long term strategic perspective and commitment to our portfolio companies.” [Source]

And the icing on the cake:

“Five percent of the profitability of the firm is allocated to The Generation Foundation, which will support global non-profit sustainability initiatives.”

Gore and Blood identify five key imperatives that “have the potential to accelerate the transition to Sustainable Capitalism”. The first imperative identified is the need to identify and incorporate risks from stranded assets.

Enter Carbon Tracker.

Carbon Tracker

carbon-tracker-presentation-anthony-hobley-at-sitra-helsinki-21-may-2014-10-638

Ruse: noun 1. an action intended to mislead, deceive, or trick; stratagem

Utilizing research from the Potsdam Institute [3], Carbon Tracker made the case for “unburnable carbon” in the July 2011 seminal report “Unburnable Carbon: are the world’s financial markets carrying a carbon bubble?” The report suggested that the top 100 coal and 100 oil-and-gas companies had a combined value in 2011 of $7.42 trillion, much of it based on reserves that can never be used. Such reserves are one example considered by Tracker that have the potential to become stranded assets – thereby exposing investors to risk. The tracker employs (and supplies) the so-called “carbon budget” as a measure (and apparatus) as to how much more carbon the world can continue to “safely” burn.

“The concept of ‘stranded assets‘ gained prominence last year when another report by the Carbon Tracker Initiative calculated that 60-80% of the world’s coal, oil, and gas reserves would be ‘unburnable’ if the world leaders agreed to emissions reductions to limit warming to 2°C…. In essence, any price on carbon or emissions reduction policy could cut oil demand enough to strand any number of a company’s proven reserves.” — Desmog Blog, September 13, 2014

Carbon Tracker’s second “unburnable carbon” report (Unburnable Carbon 2013: Wasted Capital and Stranded Assets (PDF) is co-authored with LSE’s (London School of Economics) Grantham Research Institute. The Institute has been financed/supported in part by the Global Green Growth Institute (GGGI) through a grant for US$2.16 million (£1.35 million) to fund several research project areas from 2012 to 2014. LSE’s Grantham Research Institute membership includes (but is not limited to) Fred Krupp, president of Environmental Defense Fund; Vikram Singh Mehta, chairman of Shell Companies (India); Carter Roberts, president and CEO of WWF (US); and Sir Evelyn de Rothschild, chairman of EL Rothschild Ltd.

The aim of the Grantham Research Institute is to strengthen the analytical and empirical underpinnings of the ‘green growth’ concept in relation to both developing and developed countries.” [Source] [GGGI Partners] Yvo de Boer is the Director-General of GGGI [People]. Prior to joining the global accountancy firm KPMG in 2010, Mr. de Boer led the international process to respond to climate change in the role of Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from 2006 to 2010.

Carbon Tracker could very much be considered the key stratagem, foundation, glue and more importantly, a veil or even a shield for both the divestment campaign (global in scale), and the so-called carbon “budget.” Reports, data and papers released by this foundation-financed think tank are pumped through the channels of power, the result being the legitimization of concepts that have no basis in reality if it were not for the non-profit industrial complex, in tandem with media, ensuring no one states – or even notices – the obvious, that the emperor has no clothes.

“A vain Emperor who cares about nothing except wearing and displaying clothes hires two swindlers who promise him the finest, best suit of clothes from a fabric invisible to anyone who is unfit for his position or ‘hopelessly stupid.’ The Emperor’s ministers cannot see the clothing themselves, but pretend that they can for fear of appearing unfit for their positions and the Emperor does the same. Finally the swindlers report that the suit is finished, they mime dressing him and the Emperor marches in procession before his subjects. The townsfolk play along with the pretense, not wanting to appear unfit for their positions or stupid. Then a child in the crowd, too young to understand the desirability of keeping up the pretense, blurts out that the Emperor is wearing nothing at all and the cry is taken up by others. The Emperor cringes, suspects the assertion is true, but continues the procession.” [Source]

In this instance, the emperor is the oligarchy as a collective, the ministers are the sycophants that comprise the NPIC, and the townsfolk – not wanting to appear stupid or undeserving.

Reports such as Carbon Tracker’s serve to legitimate, normalize and thus sanction the already capitalist-sanctioned “activism” that deliberately assists in pushing forward particular policies and agendas already conceptualized (years and even decades in advance) by the funders and the elite.

carbon-tracker-presentation-anthony-hobley-at-sitra-helsinki-21-may-2014-3-1024

Consider who finances the work of the Carbon Tracker. “The work of Carbon Tracker has been made possible by the vision and openness to innovation shown by organisations such as the following”: The Rockefeller Brothers Fund, Bloomberg Philanthropies, The Tellus Mater Foundation, Generation Foundation, Wallace Global Fund, The European Climate Foundation, The Growald Family Fund, The Joseph Rowntree Charitable Trust ,The Polden Puckham Charitable Foundation, The Ashden Trust, Zennstrom Philanthropies, MAVA Foundation, The Velux Foundation, and The Grantham Foundation. After you consider the “who” behind the financing, consider “why” the financing.

Wallace Global Fund refers to its interest in funding Carbon Tracker as Support for a collaboration between climate activists and financial analysts seeking to align the action of world capital markets with the reality of global warming.”

“The ability to deal with people is as purchasable a commodity as sugar or coffee and I will pay more for that ability than for any other under the sun.” — John D. Rockefeller

Millions of dollars funnelled through foundations into institutions, who in turn churn out reports, serve a pivotal purpose. Slick reports, marketing and PR build security (and acceptance/acquiescence amongst the populace) for the investment strategies belonging to the endowments (as well as the trustees) of the very foundations such institutions/NGOs are funded by. This is nothing more than polished PR at arm’s length intended/financed to promote said investments – as well as divestments. The appearance of an independent think tank evokes trust in the public realm. The oligarchs know how to manage, shape and modify behavioural change amongst the public. We are a public of rampant consumption and continued devolution, by design. There is little doubt that the billions of dollars the elite have pumped into the NPIC must quantify as one of the best long-term investments they have ever made.

The concepts of carbon budget, stranded assets and carbon asset bubbles have indeed gained traction with many people. This is in part due to the repetitive messaging of familiar language and unthreatening implications (via a massive injection of funding; Rockefeller et al must be pleased), the précis being that a person of privilege and monetary wealth can simply move his/her money from coal or Exxon and re-invest it into “clean” investments such as massive solar projects in deliberately impoverished Africa that will export the energy to those who already have it in Europe, geothermal, biomass projects that burn the remaining Earth’s forests and whole cultures into ashes, or REDD, which commodifies Earth’s forests for the even further expansion of capital. Pick your poison wisely. In less than 30 minutes we have “saved the world” and we still retain our wealth and privilege. Yet in reality, nothing has changed, the system demands continued growth, clean energy demands fossil fuels and vast resources from an already depleted planet, and the world continues to warm. To divest and feel no consequences is far preferred (by the 1% creating 50% of all global GHG emissions) than actual/tangible divesting from vacations (flying), personal automobiles, clothes dryers, steaks, lawn-mowers, leaf-blowers, Starbucks, etc. etc. etc. – including iPhones, iPods, iEverthing, with emphasis on the word “I.”

“The investor effort, called the Carbon Asset Risk (CAR) initiative, is being coordinated by Ceres and the Carbon Tracker initiative, with support from the Global Investor Coalition on Climate Change.” — Ceres Press Release, October 24, 2013

The organizations behind the quickly-emerging “new” economy are all very much interwoven, as are the players and key people. James Leaton, Research Director for the Carbon Tracker Initiative (2010 onward), was recently featured at the May 1-2, 2013 Ceres conference with 350.org’s McKibben and Bob Massie (former president and CEO of the New Economy Coalition). Leaton was also featured at the INCR Annual Meeting at the Ceres conference titled The 21st Century Investor: Ceres Blueprint for Sustainable Investing conference which took place April 30, 2013.

Carbon Tracker is identified as one of the key NGOs engaged with the US Divest-Invest Coordinating Committee (USCC). The combination of a need to be both an environmentalist and a capitalist (definitely not in that order) in the organization is represented in the following job posting:

As You Sow job description, February 13, 2015: “Organizations in the Coalition: 350.org, Responsible Endowments Coalition, Intentional Endowments Network, Hip-Hop Caucus, Energy Action Coalition, Service Employees International Union (SEIU), Black Mesa Water Coalition, Carbon Tracker, California Student Sustainability Coalition, Divest-Invest Philanthropy, Divest-Invest Individual, Fenton Communications, Mayors Innovation Project, Coalition for Environmentally Responsible Economies (CERES), New Economy Coalition, GreenFaith, Healthcare without Harm, Sustainable Initiatives at Partners HealthCare, As You Sow, or other organizations engaged with Divest-Invest.”

Key staff at Carbon Tracker demonstrate that a vital prerequisite to being hired/chosen by the Tracker is vast experience in carbon markets.

Prior to his role at Carbon Tracker, Leaton was a sustainability and climate change consultant at PricewaterhouseCoopers, focusing on the financial sector, advising blue chip clients on risks and “opportunities.” Prior to PricewaterhouseCoopers, Leaton spent five years at WWF as a senior policy advisor, focusing on the links between energy and finance.

“‘Assets are already being written down due to increasing competition between energy sources, air quality standards being introduced to reduce health impacts, and measures to reduce carbon pollution combining to change the energy landscape,’ said James Leaton, Research Director at Carbon Tracker. ‘Avoiding high cost, high carbon projects which are failing to deliver a return on capital will improve shareholder returns.'” — Ceres Press Release, October 24, 2013

Mark Fulton is currently an adviser to the Carbon Tracker Initiative and Senior Fellow at Ceres. He is a recognized economist (of 35 years) and market strategist at leading financial institutions including Citigroup, Salomon Bros and County Natwest. Prior to this role, Fulton was head of research at Deutsche Bank Climate Change Advisors at Deutsche Bank (from 2007 to 2012). He is currently a member of the Capital Markets Climate Initiative, UK Department of Energy and Climate Change. From 2010 to 2012 he was co-chair of the United Nations Environment Programme (UNEP) Finance Initiative Climate Change Working Group. In 2011 and 2012, Fulton served on the technical committee of the UN Secretary-General’s Sustainable Energy for All.

“‘Many of the responses investors have received from the companies thus far acknowledge that there is a legitimate risk issue around carbon reserves, and companies are open to continued engagement from the investor community to determine the scope,’ said Mark Fulton, a member of the Carbon Tracker’s Advisory Board and a Ceres adviser.” — Ceres Press Release, October 24, 2013

Anthony Hobley has been Chief Executive Officer of the Carbon Tracker Initiative since February 2014. Hobley played a key role in helping design the UK’s pilot emissions trading scheme and also in developing key aspects of the EU ETS (Emissions Trading System). Hobley was seconded to Norton Rose Fulbright’s Sydney office between 2010 and 2012 where he was heavily involved in the development of the emerging carbon and clean energy markets in Australia and Asia. He was a key figure behind the creation of the business advocacy group Businesses for a Clean Economy, a coalition of businesses arguing for a price on carbon. Anthony was also behind the creation of the business group Climate Markets & Investment Association where he is the current president. He also sits on the boards of the Verified Carbon Standards Association and on the Advisory Board to the Climate Bonds Initiative. [Source | Full Bio]

The Carbon Tracker advisory board is made up of representatives of carbon market institutions.

The board includes: Nick Robins (co-director of the UNEP Green Finance Enquiry), Lois Guthrie (CEO of the Carbon Disclosure Standards Board), Tessa Tennant (founder and board member, Association for Sustainable and Responsible Investment in Asia – ASrIA), Ben Caldecott (programme director, Smith School of Enterprise and the Environment, University of Oxford) Catherine Howarth (CEO at ShareAction), James Stacey (head of sustainable finance strategy at Earth Capital Partners), Jemma Green (previously VP of sustainable finance at JP Morgan), Meg Brown (previously director of climate and sustainability research at Citi Investment Research), Stanislas Dupré (founder & director at 2° Investing Initiative), Bevis Longstreth (previously commissioner of the United States Securities and Exchange Commission (SEC), Laura Sandys (member of parliament for South Thanet), Mark Lewis (senior sustainability analyst and co-ordinator of energy transition & climate change research at Kepler Cheuvreux), and Neil Morisetti (director of strategy at UCL Science, Technology, Engineering and Public Policy Department, previously special representative for climate change at the UK Foreign Secretary.)

Ben Caldecott’s elite standing in the interlocking directorate is extensive. Identified as a British environmentalist, economist, and commentator, he serves on the advisory board of Carbon Tracker, and as a trustee of the Green Alliance think tank. He serves as head of government advisory for Bloomberg New Energy Finance, director of the Stranded Assets Programme at the Smith School of Enterprise and the Environment, adviser to The Prince of Wales’ International Sustainability Unit, academic visitor at the Bank of England, and visiting fellow at the University of Sydney. He is head of European Policy at Climate Change Capital, directing the CCC think tank and advising CCC funds and clients on the development of policy-driven markets. Caldecott has previously worked as research director for environment and energy at the think tank Policy Exchange. Caldecott serves on the advisory network of the Natural Capital Declaration, which is key (discussed at length further in this report). Caldecott has worked in parliament and for a number of different UK government departments and international organisations, including UNEP and the Foreign & Commonwealth Office (FCO).

Caldecott has been instrumental in building government support for “clean coal.” Thus, UK leaders are all calling for an end to unabated coal – code for carbon capture and sequestration/storage.

Ben C

Above: Business Summit on Climate Leadership 2011 Speakers. Ben Caldecott – Head of European Policy, Climate Change Capital, second in from far right (Flickr, Climate Group)

Carbon capture and sequestration (CSS) and enhanced oil recovery (EOR) (which uses the sequestered CO2 to recover more oil out of depleted oil fields) is a critical component of the “new economy.” CCS is to gain acceptance as a vital component of the new “low carbon” economy where societies can continue production/burning of both coal and oil under the guise of “emissions reduction measures.” In tandem with the quiet proliferation of biomass (supported by the NPIC) and other false solutions, this economy has already begun:

“In the Weyburn oil field in Saskatchewan, Canada – where CO2 from the Dakota Gasification Company’s coal gasification plant in Beulah, ND is piped north to pump into the oil field, buying 25 more years of oil production – 2.8 times more CO2 would be released from all of the extra oil they expect to produce than the amount they ‘sequester’ (ignoring reports of leakage). In the Permian Basin (TX/NM), 47% of the amount of CO2 pumped into the ground is re-released by burning the extra oil produced (that would otherwise stay in the ground).” [Source]

Stephen Tindale, former executive director of Greenpeace UK, is another “environmentalist” in support of carbon capture and storage. In a series on his website Climate Answers , the commentary CCS: What the EU Needs to Do – Part 1, with Nick Horler, chief executive of ScottishPower, is supported by Caldecott. Both Tindale and Caldecott have contributed significant language and concepts to the discourse on climate since this 2010 piece. Here we witness just one aspect of the many realms of genius behind the marketing/branding of the instrumental stranded/bubble/budget language that has “changed everything.” Coal in particular, has been identified and condemned by both the media and NPIC as a coming stranded asset. Thus coal is “saved” from stranded status when CCS is deployed; the “carbon bubble” refrains from bursting; and the amount of “unburnable carbon” in the “carbon budget” reduced.

As with all the shaping of our shared futures by the elite, the pathway to CCS is clear in the 2008 Green Alliance paper, A Last Chance for Coal, with contributions from Ben Caldecott while at the Policy Exchange think tank. The paper notes that it is critical Europe’s commitment to CCS be realized before 2020; 12 short years away from the paper’s publication date. The year 2020 is a critical date of vast significance – a recurring deadline for all environmental market solutions to be in place.

While the front figures in the “movement” such as 350’s Bill McKibben and Naomi Klein repeat and inflate the language of stranded assets, carbon bubbles, budgets, divestment and renewable energy, the issue of CCS is rarely mentioned or touched upon, while the most critical issue that has ever faced humanity, the financialization of nature, via the global implementation of “payments for ecosystem services,” receives no attention whatsoever. It’s not that these appointed “leaders” don’t understand the “this changes everything” world that the oligarchs have been working toward for decades. They do. Consider that Caldecott, as a key figure in the delivering/marketing of mainstream finance to “clean energy” partnered with 350.org for the 2014 “Stranded Down Under Tour” in Australia.

“It appears to us that divestment is the bait and engagement is the fishing rod – divestment is vital in hooking people’s attention, and the engagement tools and analysis is [sic] essential to reel the capex [capital expenditures] in. Investors and NGOs now need to have the patience to catch enough fish.” — Carbon Tracker Website

Most, if not all organizations and investment firms promoting or affiliated with the divestment campaign have vested interests in the expansion of false solutions such as CCS, biomass, carbon credits/trading and environmental markets – all clamouring to cash in on the promise of the most unparalleled wealth opportunity of the 21st century.

The Investor Expectations: Oil and Gas Companies was developed by the IIGCC with support from Ceres’ INCR, IGCC and AIGCC. It builds on the Carbon Asset Risk (CAR) Initiative, through which 75 investors managing more than $3 trillion in assets engaged with 45 of the world’s largest fossil fuel companies. The CAR initiative is coordinated by Ceres and Carbon Tracker, with support from IIGCC and IGCC, which lead engagement with fossil fuel companies in Europe and Australia/New Zealand respectively.

The Carbon Asset Risk (CAR) Initiative: “In the long term, investors want to see fossil fuel companies adapt, remaining successful by: Focusing on fewer projects at the low end of the cost curve; Returning capital to investors; and Diversifying business toward cleaner, lower-carbon energy sources, including renewables, energy efficiency and carbon capture and storage (CCS).”

Divest-Invest

“The transition to a low-carbon economy will be the most significant economic change in history. It will be deeper, more fundamental than the industrial revolution, and faster than the technology revolution. And it’s going to happen in the next five to 10 years…. The leadership of Divest-Invest is important, the leadership at 350.org.” — David Blood, Generation Investment, Divest-Invest Transcript, Fenton Communications, Wallace Global Fund, and Inst. for Policy Studies, September 22, 2014

 

The common definition of a Divest-Invest commitment is a pledge to divest from the top fossil fuel companies within five years and to move those assets into clean energy investments. As the movement has spread, participants have tailored the timing and sequence of commitments to their particular circumstances. The working group has recognized the variety of these circumstances and has designed this process to allow institutions to meet both their fiduciary and moral responsibilities. — Arabella Advisors, Measuring the Global Fossil Fuel Divestment Movement, September 19, 2014

The global divestment campaign targets 200 of the world’s largest publicly traded fossil-fuel corporations: 100 from oil and gas and 100 from coal. These are ranked according to the size of their proven reserves. The Measuring the Global Fossil Fuel Divestment Movement report (September 19, 2014) discloses the following:

“The working group relied upon self-reported data from individual commitments to determine the number and scope of divest-invest pledges. Individuals agreed to a standard pledge, and most completed a brief survey. The standard pledge (available at http://divestinvest.org/individual) states:

  1. I will make no new investments in the top 200 oil, gas, and coal companies [as defined by the Carbon Tracker 200].
  2. I will sell my existing assets tied to these oil, gas, and coal investments within three to five years.
  3. I will invest in the new energy economy.

It is critical to note the language and the framing of the divest-invest campaign (which isn’t necessarily the same as divestment at large). To begin, the term “new” (in #3) refers to both the “new economy” and, in this instance, the “new energy economy,” which is strategic. As discussed in 2014 by Avaaz/Purpose Inc. co-founder Jeremy Heimans, the former term “green” (as in “green economy”) is, for all marketing intents and purposes, dead. For clarity, individuals agree to not invest in the top 100 public coal, oil and gas companies listed by the “Carbon Tracker 200.” All other investments appear to be fair game: biofuel/biomass, nuclear, the military-industrial complex/weapons industry, the chemical industry, factory farming, aviation, BNSF, pornography… it’s all up for grabs. One can move their investments from Exxon over to Lockheed Martin & make a killing – both literally and figuratively. Not only is there a plethora of fuel-intensive stock options/investments, those divesting are given a full five years to follow through on their commitment “to meet both their fiduciary and moral responsibilities,” meaning that a corporation/entity can announce their “commitment,” have 350.org greenwash their persona, and then five years later, when staff positions, economic opportunities, etc. have changed, toss it out with the bath water if they wish to do so. Further, it is not enough to simply divest – one must agree, most importantly, to “invest in the new energy economy.” Thus, the idea of starving the corporate stranglehold, even if only in a limited way, is effectively out the window.

Oil services companies, pipeline companies, refiners, holding facility companies, etc. are all fair game for those wishing to divest. Yet the reality is that none of these industries/companies make their big money from shareholders or stock markets. These companies make the bulk of their profits by booking reserves and selling their product directly to market. Further, most of the capital for the shale gas and oil revolution comes from private equity. “Big oil” has not been at the centre of it. Rather, the centre is comprised of smaller independent and private companies. The more one understands the industries and the business, the more one comes to the realization of what a hoax the “divest-invest” campaign actually is.

Divest-Invest Philanthropy

Divest Invest Allies and Advisors

The Divest-Invest NGO is comprised of three pillars: 1) Divest-Invest Philanthropy [4], 2) Divest-Invest Individual and 3) the Divest-Invest Advisors and Allies.

In her role as CEO of Phoenix Global Impact, Jenna Nicholas is consulting with the World Bank on social impact bonds; she is coordinating the Divest-Invest: Philanthropy Initiative, appointed by the Wallace Global Fund as of March 2014. Nicholas is an associate to Calvert Special Equities and sits on the advisory groups of the Impact Hub DC, Nexus Global Youth Summit and High Water Women. [Full Bio]

Allies and advisors of the Divest-Invest campaign are to ensure success: “Advisors and allies keep core campaign staff informed on various financial, business, community and legal trends relevant to the pledge and/or steps for follow-through…. In collaboration with Divest-Invest Philanthropy and many other movement partners and allies, we are accelerating the transition to a sustainable and equitable economy. [Source]

Such groups are popping up everywhere. Whether there are dozens, hundreds or even thousands has yet to be ascertained. But one thing is certain. They have been tactically preparing for the “new economy” windfall.

Consider the 2° Investing Initiative [2°ii], a multi-stakeholder think tank working to align the financial sector with 2°C climate goals: “Our association consists of more than 30 member organizations and 60 individual members, most of whom are serving in financial institutions (banks, asset management, private equity, brokerage, etc.). Some other members are experts from different fields (consulting, accounting, extra-financial analysis, etc.), either researchers (economy, climate economics), or public servants. Two of our members are Members of the European Parliament (former Ministers of Environment in their respective countries).”

Members:

2C Investing Members

Peers and links within this particular interlocking directorate include the Carbon Tracker Initiative (which coined the term “carbon bubble”), Long Finance, Finance Watch, OECD, Climate Change Capital, UNEP-FI (a partnership between the United Nations Environment Programme and financial institutions), Asset Owners Disclosure Project, Climate Policy Initiative, E3G (Third Generation Environmentalism), CDC Climat, McKinsey Global Institute, Climate Bonds Initiative, BNEF (Bloomberg), GABV (Global Alliance for Banking on Values), BankTrack and The Institutional Investors Group on Climate Change (IIGCC is a Ceres initiative).

Over and over again we witness (yet ignore) the interlocking directorate: NGOs, executive board members, advisors, fellows, CEOs, politicians, bankers and media – all working together for the expansion of capital markets. And although the divestment campaign appears fresh out of nowhere, the NGOs assigned to capture the public’s trust, waiting in the wings, did not simply fall from the summer sky. The organizing and deployment is precise, strategic, seductive and global in scale.

As one investigates the history and financing of the divestment campaign, one begins to recognize specific organizations that appear/overlap more frequently than others, for example, Ceres, Ceres entities, United Nations organizations, 350.org and Carbon Tracker. These groups lead in shaping the public opinion and providing the discourse required to implement already conceived/awaiting policies that serve hegemonic interests (expansion of capital markets), while simultaneously securing, strengthening and insulating capitalism itself.

Investment Terminology

In the July 7, 2014 article, Why the Fossil Fuel Divestment Movement is a Farce, the author sheds much needed light on investment terminologies and information that are little understood by the average citizen:

“Notice the words ‘publicly traded.’ In other words, fossil fuel divestment would target only major corporations that are listed on the stock market. But pension funds and endowments, the entities largely targeted by the 350.org campaign, invest hundreds of billions of dollars in privately traded securities, such as hedge funds and private equity – vehicles that are invested at all levels of the fossil fuel economy. (In particular, hedge funds and private equity have been found to be the key financial backers of the fracking boom.) Were the Massachusetts divestment bill to pass, state pension funds would invariably still be invested in the fossil fuel economy.”

The20billioncarbonbubble1

Graphic: Public companies represent a small piece of the pie; $7 trillion in fossil fuel reserves as opposed to private and national companies that represent three times this market size. Source

The cautionary reference to hedge funds is significant. Note that Blood & Gore’s Generation Investment is a hedge fund. Also note the tight relationship between 350.org founder Bill McKibben, hedge fund billionaire Tom Steyer, the US Democratic Party and the crème de la crème of the establishment Left (to be discussed later in this report). On May 6, 2014 CNN reported that the top 25 hedge fund managers took home $21 billion among them.

The author [Why the Fossil Fuel Divestment Movement is a Farce] continues:

“The divestment campaign argues that 200 publicly traded fossil fuel companies dominate the fossil fuel exploration market. But they ignore that such companies frequently depend on private equity and hedge funds for financing new investments when large banks are uninterested in taking on further risk. The public can rarely (if ever) verify that these types of arrangements take place, even if it is a teacher attempting to verify what her pension fund is doing with her money.

 

“The divestment campaign argues that 200 publicly traded fossil fuel companies dominate the fossil fuel exploration market. But they ignore that such companies frequently depend on private equity and hedge funds for financing new investments when large banks are uninterested in taking on further risk. The public can rarely (if ever) verify that these types of arrangements take place, even if it is a teacher attempting to verify what her pension fund is doing with her money.

 

“Pension funds and endowments have not always invested in the private market. In the 1980s and before, in fact, they were almost exclusively invested in publicly traded securities. Laws such as the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 allowed the public to verify how the companies in which pension funds and endowments were investing used their funds and provided transparency to investors in order to prevent fraudulent activity.

 

“By focusing only on publicly traded securities, the fossil fuel divestment campaign ignores the corporate misdeeds of a sector that holds billions of dollars of investments in a dirty energy economy.

 

“The same is not possible with privately traded alternative investments, which have been on the rise since the early 1990s. (It is difficult to ascertain why exactly pension funds and endowments have funneled assets into private markets, as there is little evidence that they perform any better than stocks and bonds and a great deal of evidence that they are far riskier. Private market money managers are notorious as great salesmen, and a series of pay-to-play scandals have implicated some of the largest hedge funds and private equity firms.) Regardless, today pension funds and endowments are by far the largest investors in hedge funds and private equity.” [Emphasis added]

carbon-tracker-presentation-anthony-hobley-at-sitra-helsinki-21-may-2014-6-1024

Above: Private and institutional investors represent Carbon Tracker’s largest/key target audience.

The author continues, citing conflict of interest:

“Further compromising the campaign is its questionable line of funding. It has received at least $350,000 from Jeremy Grantham, a hedge fund manager who oversees more than $500 million in assets for public pension funds in Massachusetts. According to a report from Inside Philanthropy, 350.org also receives funding from billionaire hedge fund manager Tom Steyer. (The organization declined to state exactly how much money it has received from Steyer and Grantham.)

 

“Farallon Capital Management, which Steyer founded, has major investments at all levels of the fossil fuel economy. While he is no longer at the helm, during his leadership it pursued major deals in fossil fuels, as a recent report from Reuters showed. In fact, the firm had been a target of student activists before he began funding them.

“Grantham, for his part, argued in an interview with The Guardian that he felt that student activists should ‘stamp their feet’ to get their university endowments to divest from fossil fuels ‘because they can do that.’ With his firm’s significant investments in the fossil fuel economy – according to first quarter 2014 filings, $1.2 billion in Chevron, $570 million in ExxonMobil and $240 million in Monsanto – he, apparently, cannot.” [Emphasis added]

Jeremy Grantham apparently encourages others to stamp their feet and divest while his firm, decidedly, does not. He is not alone. Following the media saturation of September 22, 2014 that hailed the Rockefeller Brothers Fund (RBF) divestment as a historic world event, few reported that RBF had decided to hang on to their Exxon stocks. [This is discussed at length later in this report.]

Here it is important to recall that Carbon Tracker is affiliated with London School of Economics Grantham Research Institute. Jeremy Grantham co-founded the Grantham Foundation for the Protection of the Environment in 1997. Funding was given to both Imperial College London and London School of Economics to establish the Grantham Institute for Climate Change and the Grantham Research Institute on Climate Change and the Environment. In 2011, the Grantham Foundation for the Protection of the Environment donated $1 million to both the Sierra Club and Nature Conservancy, and $2 million to the Environmental Defense Fund. The Foundation has also provided support to Greenpeace, the WWF and the Smithsonian. [Source] As noted earlier in this report, London School of Economics Grantham Research Institute membership includes (but is not limited to) Fred Krupp, president of Environmental Defense Fund; Vikram Singh Mehta, chairman of Shell Companies (India); Carter Roberts, president and CEO of WWF (US); and Sir Evelyn de Rothschild, chairman of EL Rothschild Ltd.

In the July 10, 2014 rebuttal, Why a Movement is Never a Farce, the author frames the divestment campaign as a Gandhi-esque movement. Yet there are items that an astute citizen must consider distinct red flags: “Endorsements have come from such unexpected places as the World Bank, and even former Treasury Secretary and Goldman Sachs’ COO Henry Paulson this past week.” Given the references to Gandhi and endorsements that “have come from such unexpected places as the World Bank,” it is of interest to note that Martin Luther King’s first trip to India to study Gandhi was paid for by the RJ Reynolds (tobacco empire) family (funneled through Quaker group American Friends Service Committee.) In a letter, an AFSC official writes that the trip seems to have been designed as a photo-op to “build up King as a world figure, and to have this buildup recorded in the US.”

The author then writes: “It is a sign of divestment’s power that it has gained endorsements from the likes of Wall Street, but we shouldn’t fool ourselves into trusting either Wall Street or the White House to show us the way to a new economy. Accepting endorsement, however, is not the same as taking direction; fossil fuel divestment is a grassroots movement led by students, not billionaires, and is firmly committed to justice and solidarity. I know because myself and countless other students and recent alumni – with the vital support of nonprofits – have poured the last few years of our lives into building it. Call that misdirected, sure, but don’t call it Astroturf.”

Yet it’s not “a sign of divestment’s power that it has gained endorsements from the likes of Wall Street” – the divestment campaign is Wall Street. 350.org (with McKibben at the helm) developed the divestment campaign in consultation with Wall Street. The author is, however, correct that the purpose of the divestment campaign is very much “to show us the way to a new economy.” As 21st century lambs of the oligarch, well-intentioned students are utilized, used and misdirected via tactical manipulation.

Steyer, Bloomberg, Soros & the Democrats

McKibben and Steyer March-7

Photo: People’s Climate March, 2014. Bill McKibben (350.org founder) with Tom Steyer, hedge fund billionaire and founder of Generation Next

“It’s a big club, and you ain’t in it.” — George Carlin

An example of so-called progressive media amplifying Carbon Tracker’s disapproval of coal use in China (Carbon Tracker report: “Energy Access: why coal is not the way out of energy poverty”) appears straightforward. As does the slide presentation published October 29, 2014 by Carbon Tracker: Is Coal a Sinking Ship? Yet perhaps it isn’t.

Consider that the demand for coal in both China and India is going to do nothing but grow. Then consider this: In an effort to support its own mines and workers and economy, China is in the process of cutting all purchases of imported coal as rapidly as possible (April 14, 2015: “China’s coal imports decline by 42 percent during first quarter…. The international coal market is saddled with excessive supplies for the moment….”). India, still trying to provide basic power to citizens, is also rejecting further dependence on international coal. On November 12, 2014 the Power and Coal Minister of India, Piyush Goyal, stated “in the next two or three years we should be able to stop imports of thermal coal.” This position has been endorsed by India’s Prime Minister. This certainly puts a damper on U.S. plans to ship an additional 100 million tons of coal per year to Asia via three proposed coal ports – an aggravating deterrent that must also extend to Australia which plans to open mega coal mines in Queensland’s Galilee Basin, as well as the world’s largest port (at Abbot Point right in the middle of the Great Barrier Reef) for export to China. Not only does India have more coal than Australia, India has 57 times more labourers.

A “no coal for China” anthem as sung by the non-profit industrial complex can also be interpreted as de facto promotion of natural gas/fracking, nuclear, etc. Consider the Bloomberg media coverage (referencing Carbon Tracker) in the article covering China moving from coal to gas. As Bloomberg (Bloomberg Philanthropies being a financial backer of Carbon Tracker) has been financing the fracking boom, one might question if there is a coordinated effort between Michael Bloomberg and former Treasury Secretary Hank Paulson who, along with billionaire Tom Steyer’s Next Generation, have launched the Risky Business Project.

From the Risky Business website:

“Launched in October, 2013, the Risky Business Project focuses on quantifying and publicizing the economic risks from the impacts of a changing climate.

 

“Risky Business Project co-chairs Michael R. Bloomberg, Henry Paulson, and Tom Steyer tasked the Rhodium Group, an economic research firm that specializes in analyzing disruptive global trends, with an independent assessment of the economic risks posed by a changing climate in the U.S. Rhodium convened a research team co-led by climate scientist Dr. Robert Kopp of Rutgers University and economist Dr. Solomon Hsiang of the University of California, Berkeley. Rhodium also partnered with Risk Management Solutions (RMS), the world’s largest catastrophe-modeling company for insurance, reinsurance, and investment-management companies around the world. The team’s complete assessment, along with technical appendices, is available at Rhodium’s website, climateprospectus.rhg.com.”

The Risky Business Project is a joint partnership of Bloomberg Philanthropies, the Paulson Institute, and TomKat Charitable Trust (established in 2009 with funding from Tom Steyer and Kat Taylor), one of many financiers of 350.org (see image below). Additional support for the project has been provided by the Skoll Global Threats Fund, the Rockefeller Family Fund, the McKnight Foundation, the Joyce Foundation, John D. and Catherine T. MacArthur Foundation, and the Heising-Simons Foundation. Staff support for the Risky Business Project is provided by Next Generation, also co-founded by Steyer.

350 Funders

Bloomberg Philanthropies also invests in oil and gas via Willet Advisors. Logic dictates that due to its holdings/investments in the gas/fracking industry, Bloomberg will therefore highlight any victories against dirty coal – including faux ones. Thus although the divestment campaign is successful in the stigmatization of coal corporations, the label of corporate pariah does not extend to carbon sequestration schemes, industrial biomass and a score of other false solutions that will comprise the bulk share of the “clean” economy. Rather, such false solutions are grossly labeled as victorious and sought after by the appointed “leaders” of the environmental “movement.” Consider the re-tweet of the article Shell’s Global Warming Strategy Is Psychopathic & Paranoid, Says Former UK Climate Envoy by Bill McKibben in which the gist of the argument is why Shell is dragging their feet on carbon capture and sequestration. Further consider that the Bureau of Land Management’s plan to convert Nevada’s Pinyon Forests to biomass that threatens ancient rituals is backed by partner organizations such as Sierra Club, in partnership with Barrick Gold and Barrick Corp. This is just one instance of biomass facilities planned or already in operation under the guise of “clean” energy and/or carbon neutrality.

Bill McKibben Tweet CCS Shell 2

Steyer must be considered king hedge fund bourgeois extraordinaire with close ties to those in power. Time magazine, May 22, 2014: “So when Barack Obama appeared at Tom Steyer’s San Francisco home for a fundraiser last year, the President had to know there would be an ask. The 56-year-old Steyer is a hedge-fund billionaire and a major-league Democratic donor.”

August 6, 2014, Politico:

Billionaire Tom Steyer joined fellow liberal billionaire George Soros for a lunchtime meeting with Obama adviser John Podesta at the White House on Feb. 20, according to White House visitor logs. That was just days after Steyer pledged to spend $100 million on the midterm elections. Steyer also met with Podesta on March 31, along with NextGen Climate Action COO Josh Fryday and Denver attorney Ted White, managing partner of Fahr LLC, an ‘umbrella entity’ for Steyer’s various organizations.

 

“According to records, Steyer has visited the White House on at least 12 occasions since 2009 for meetings with top-level administration officials including Rahm Emanuel, Bill Daley, Pete Rouse, Heather Zichal, Jon Carson and David Lane. Those records only cover through April, and Steyer is known to have attended a June 25 meeting with Podesta, John Holdren, Valerie Jarrett and others to discuss his ‘Risky Business’ report on climate change.”

Exploiting climate change destruction to garner votes for the Democrats is par for the course within the NPIC; exploiting climate change destruction to further unprecedented “climate wealth opportunities” is not only the best game in town – it’s the best game on the industrialized planet.

 

 

End Notes:

[1] Source: “M. Mills, personal communication, 2010.” In Howell, Robert. “The Challenge of Sustainability for the Financial Sector.” International Journal of Environmental, Cultural, Economic and Social Sustainability.

[2] The Forum for Sustainable and Responsible Investment (US) also serves to promote the divestment campaign in the “Education Center” where one finds “Fossil Fuels, Divestment & Reinvestment.” Within this section, under other resources, the link titled Institutional Pathways to Fossil Free Investing brings us back to the May 2013 41-page document Institutional Pathways to Fossil-Free Investing [emphasis added].

[3] “Thanks to the Carbon Bubble report, we now have some better numbers to help us grapple with that question. Based on research by the Potsdam Institute, the report suggests that if the world wants an 80% chance of staying within the 2ºC limit, we should avoid emitting more than 565 gigatonnes (GT) of CO2 by 2050. That equates to just one-fifth of the world’s total proven fossil fuel reserves, which contain enough carbon to produce a massive 2,795GT of CO2, the report estimates.”

[4] The DivestInvest Philanthropy steering committee and working group members include: Ellen Dorsey, Ellen Friedman, Richard Woo, Tom VanDyck, Melissa Beck, Jenna Nicholas, Farhad Ebrahimi, Vic de Luca, David Gordon, Florence Miller, Peter Martin, Anne Stetson, Jon Jensen, John Goldstein, Shally Shanker and Ginny Quick.

350.org’s Friends on Wall Street – The “Climate Wealth Opportunists” | Part II of an Investigative Report

Ceres & the Investor Network on Climate Risk (INCR)

cereslogo1

March 10, 2014

By Cory Morningstar

[Part I of this series, McKibben’s Divestment Tour – Brought to You by Wall Street, can be found here.]

 “Of all our studies, it is history that is best qualified to reward our research.” — Malcolm X

Preface: A Coup d’etat of Nature – Led by the Non-Profit Industrial Complex

It is somewhat ironic that while anti-REDD (reducing emissions from deforestation and forest degradation) climate activists, organizations (legitimate grassroots organizations do exist) and self-proclaimed environmentalists, who consider themselves progressive, speak out against the commodification of nature’s natural resources, they also simultaneously promote the divestment campaign. The divestment campaign will result (i.e., succeed) in a colossal injection of money shifting over to the very portfolios heavily invested, thus dependent upon, the intense commodification and privatization of Earth’s last remaining forests (via REDD), water, etc. (environmental “markets“). This tour de force will be executed with cunning precision under the guise of environmental stewardship and “internalising negative externalities through appropriate pricing” (Sustainable Capitalism, February 15, 2012, Generation Investment Management LLP). Thus, ironically (if in appearances only), the greatest surge in the ultimate corporate capture of Earth’s final remaining resources is being led, and will be accomplished, by the very environmentalists and environmental groups that claim to oppose such corporate domination and capture.

Beyond shelling out billions of (tax-exempt) dollars (aka investments) to those most accommodating in the non-profit industrial complex via their foundations, the corporations need not lift a finger; the feat is being carried out by both the legitimate and the faux environmentalists in tandem with an unsuspecting populace. (A populace with almost no comprehension of 1. the magnitude of our ecological crisis, 2. the root causes of the planetary crisis, 3. the non-profit industrial complex as an instrument of hegemony.)

The commodification of the commons will represent the greatest, and most cunning, coup d’état in the history of corporate dominance – a fait accompli extraordinaire of unparalleled scale, with unparalleled repercussions for humanity and all life.    

Further, it matters little whether or not the money is moved from direct investments in fossil fuel corporations to so-called “socially responsible investments.” The fact of the matter is, all corporations on the planet (thus, all investments on the planet) do and will continue to require massive amounts of energies (including fossil fuels) to continue to grow and expand ad infinitum – as required by the industrialized capitalist economic system.

The windmills and solar panels serve as the beautiful (marketing) imagery, yet they are somewhat illusory – the veneer for the commodification of the commons, which is the fundamental objective of Wall Street, the very advisers of the divestment campaign.

Thus we find ourselves unwilling to acknowledge the necessity to dismantle the industrialized capitalist economic system, choosing instead to embrace an illusion designed by corporate power.

The purpose of this investigative series is to illustrate (indeed, prove) this premise.

+++

 

INCR_Logo

 “One recent weekday afternoon, three men walked out of the Environmental Defense Fund’s midtown Manhattan office on their way to have lunch together. On the left was EDF’s senior economist. On the right was an environmental expert in the Soviet government. Between them was a businessman, a trader in the nascent enterprise of buying and selling pollution rights. Together that trio forms a picture of how the new environmentalism is shaping up: global, more cooperative than confrontational – and with business at the center.” — ENVIRONMENTALISM: THE NEW CRUSADE, CNNMoney Fortune, February 12, 1990

The present can only be fully understood if one understands the past. Therefore, in order to understand the present day 350.org divestment campaign, we must look at the inception/creation of 350.org’s partner: The Coalition for Environmentally Responsible Economies (Ceres).

Who is Ceres? Ceres is the 21st century puppeteers of Wall Street who, most recently, are pulling the strings behind the 350.org divestment campaign. Ceres represents the very heart of the nexus: millionaire liberals, their foundations, the “activists” they manage, and most importantly, where the plutocrats invest their personal wealth and that of their foundations. [“As a nonprofit 501(c)(3) organization, Ceres relies on support from foundations, individuals and other funders to achieve our mission to integrate sustainability into day-to-day business practices for the health of the planet and its people.” (Source: Ceres 2010 Annual Report)

On the Ceres Board of Directors we find key NGO affiliations: Natural Resources Defense Council (NRDC), Sierra Club, World Resources Institute, Ecological Solutions Inc. and Green America, to name a few. (The history of the Ceres board of directors is discussed at length, further in this report.)

 “Building climate change risks and opportunities into Wall Street research and analysis is a top Ceres priority.” — Ceres Annual Report 2006

Exxon Valdez: Opportunity Knocks

 “… sceptics of the effectiveness of a voluntary environmental ethics question whether or not the Valdez principles contain more smoke than substance.” — The Valdez Principles. Is it Time to Put Bambi in the Boardroom? California Journal, November 1990

On March 24, 1989, one of the most devastating man-made environmental disasters in Earth’s history, the Exxon Valdez oil spill, shook public confidence in corporate America to the core. This catastrophic event, 5 years after the atrocious man-made disaster in Bhopal, brought corporate misconduct to the forefront. Corporate America found itself in the midst of an unprecedented public relations disaster.

 “…not long after the Exxon Valdez spill, 41% of Americans were angry enough to say they’d consider boycotting the company.” — The Valdez Principles. Is it Time to Put Bambi in the Boardroom? California Journal, November 1990

Within six months of the Exxon disaster, the late Joan Bavaria, then-president of Trillium Asset Management, had formed a coalition that included high profile environmentalists. The Coalition for Environmentally Responsible Economies (CERES) was formed with its 10-point code of conduct in hopes of reigning in corporate power. [Note that in 2003, the organization dropped the CERES acronym and rebranded itself as “Ceres”.] Presented to the public as The Valdez Principles [1] on September 7, 1989, the strategic name brilliantly exploited the Valdez crisis (the Principles are said to have actually been written before the Valdez spill, in 1988) to build its own brand recognition and value. Ceres would be the watchdog and savior, reigning in corporate power and making it behave. Although corporate America was reluctant, due to the growing hostility and resentment from the public it also recognized that this coalition offered a strategy (“a voluntary mechanism of corporate self-governance”) as a means of re-establishing public trust, securing brand reputation and most importantly, protecting profits and power. Its influence was enhanced by the fact that member institutional investors controlled over $150 billion in assets. Yet, the risks did not go unrecognized:

“A new basis for environmentally-related derivative suits may now be emerging. Various social-activist groups are successfully sponsoring shareholder resolutions at many major corporations to mandate greater environmental accountability by the corporations. These resolutions require the implementation of ‘Valdez Principles,’ which call for the corporations to curtail air and water pollution, conserve energy, market safe products, pay for damage caused to the environment, and make regular reports on environmental matters to the shareholders. If directors and officers of corporations which have adopted these Valdez-type resolutions fail to comply with their mandate, derivative suits against the directors and officers are likely to follow.” — ACE Bermuda News, July 1991

Corporate America held out. Ceres eventually buckled. The Valdez Principles became the CERES Principles (a 10-point code of environmental conduct) [2], with the most powerful language watered down and abolished. This was fully understood by Bavaria, who recognized that without the annual public audits in particular (principle #10), the principles would be meaningless. November 1990:

“Joan Bavaria, co-chairperson of CERES, believes that the first 8 principles are meaningless without the tenth principle allowing public accountability. The difference between having the company develop their own principles, then monitoring them internally is like putting a fox in the chicken house.” — The Valdez Principles. Is it Time to Put Bambi in the Boardroom? California Journal, November 1990

In the meantime, environmentalism was changing and becoming big business. The world had embraced Neoliberalism (or had it shoved down their throats by the IMF and World Bank) with a statement of neoliberal aims being codified in the Washington Consensus in 1989. This was to be the means of liberating the market from state intrusion, which would instead serve to shield the expanding corporatocracy. Neoliberalism would prove to be the instrumental tool of choice in what would serve, protect and expand the power of the oligarchy.

From the CNNMoney Fortune article: ENVIRONMENTALISM: THE NEW CRUSADE, February 12, 1990:

“Far fewer activists of the 1990s will be embittered, scruffy, antibusiness street fighters. AS AN EXAMPLE of the new breed, consider Allen Hershkowitz, who freely drops the names of his CEO acquaintances. As a solid-waste-disposal expert at the litigious Natural Resources Defense Council, Hershkowitz has won many legal battles with business. Now high-ranking executives of major companies regularly make the pilgrimage to his office in the elegant, airy, and amply funded New York City headquarters of NRDC, coming to him lest he go after them. As he explains, ‘They come in here to see what they’ve got to cover their asses on. ‘The cocky 34-year-old Ph.D., who serves as an adviser to banks and Shearson Lehman Hutton, among others, elaborates, ‘My primary motivation is environmental protection. And if it costs more, so be it. If Procter & Gamble can’t live with that, somebody else will. But I’ll tell you, Procter & Gamble is trying hard to live with it. ‘Still, for all his militancy, Hershkowitz is no fanatic or utopian. He understands that a perfect world can’t be achieved and doesn’t hesitate to talk of trade-offs: ‘Hey, civilization has its costs. We’re trying to reduce them, but we can’t eliminate them.’ Environmentalists of this stripe will increasingly show up even within companies. William Bishop, Procter & Gamble’s top environmental scientist, was an organizer of Earth Day in 1970 and is a member of the Sierra Club. One of his chief deputies belongs to Greenpeace. Eager to work with business, many environmentalists are moving from confrontation to the best kind of collaboration. In September an ad hoc combination of institutional investors controlling $150 billion of assets (including representatives of public pension funds) and environmental groups promulgated the Valdez Principles, named for the year’s most catalytic environmental accident. The principles ask companies to reduce waste, use resources prudently, market safe products, and take responsibility for past harm. They also call for an environmentalist on each corporate board and an annual public audit of a company’s environmental progress. The group asked corporations to subscribe to the principles, with the implicit suggestion that investments could eventually be contingent on compliance. Companies already engaged in friendly discussions included DuPont, specialty-chemical maker H.B. Fuller, and Polaroid, among others. Earth Day 1990, scheduled for April 22, the 20th anniversary of the first such event, is becoming a veritable biz-fest. ‘We’re really interested in working with companies that have a good record,’ says Earth Day Chairman Denis Hayes, who predicts that 100 million people will take part one way or another. Apple Computer and Hewlett-Packard have donated equipment. Shaklee, the personal and household products company, paid $50,000 to be the first official corporate sponsor. Even the Chemical Manufacturers Association is getting in on the act, preparing a list of 101 ways its members can participate. The more than 1,000 Earth Day affiliate groups in 120 countries propose to shake up politicians worldwide and launch a decade of activism. THE MESSAGE that leading environmentalists are sending, and progressive companies are receiving, is that eco-responsibility will be good for business. Says Gray Davis, California’s state controller, who helped draft the Valdez Principles and who sits on the boards of two public pension funds with total assets of $90 billion: ‘Given the increasing regulation and public concern, there’s no question that companies will eventually have to change their ways. The first kid on the block to embrace these principles will increase market share and profit substantially.'”

The primary NGOs involved in the Valdez Principles from inception were the Sierra Club, The National Audubon Society and the National Wildlife Federation. The necessity of the “environmental movement” as the face and foundation of Ceres cannot be understated. In 1989 it was well understood by all players that NGOs were very much perceived as legitimate in the eyes of the public. The non-profit industrial complex was perhaps the only entity in the position of lending the much needed legitimacy and credibility that could mollify the public and allow the corporate world to continue their raping and pillaging, unregulated, under voluntary compliance. And while there is little doubt that well-intentioned individuals with sincere intentions were present in the formation of Ceres (as the corporate watchdog), many such “activists” will never admit to themselves that they are enablers of the very systems collectively destroying us. There is no acceptable excuse for such lack of judgement and foresight – for if it is ignorance, it is willful. Privilege has a convenient way of convincing one’s self to be blind.

“The New York Times/CBS News poll regularly asks the public if ‘protecting the environment is so important that requirements and standards cannot be too high, and continuing environmental improvements must be made regardless of cost.’ In September 1981, 45% agreed and 42% disagreed with that plainly intemperate statement. Last June, 79% agreed and only 18% disagreed. For the first time, liberals and conservatives, Democrats and Republicans, profess concern for the environment in roughly equal numbers.” ENVIRONMENTALISM: THE NEW CRUSADE, CNNMoney Fortune, February 12, 1990

The Valdez Principles, which morphed into the completely watered down Ceres Principles, became the perfect antidote to appease an outraged populace. Corporations could breathe a sigh of relief for a continued voluntary system of corporate self governance – freshly laundered in a light green wash. At a time when public support for environmental protection was unprecedented, restrictive federal regulation power would be avoided. Corporate supremacy would continue apace.

CERES: Clearing House for the Institutionalization of Private Governance

 “It is high time that myths were called what they are. They are stories which may help explain our feelings but they are stories nonetheless and they do us no good.” — Margaret Kimberley

The CERES “Sustainable Governance Project” (SGP) was officially announced to the public in Washington, DC, 2002. The non-profit industrial complex was and continues to be an instrumental tool in building public acceptance for expansion of neoliberal policies. Hence a key focus of SGP in 2001 (prior to the official launch) was “expanding collaboration with climate change experts at groups such as The National Wildlife Federation, Natural Resources Defense Council, Redefining Progress, Sierra Club, Union of Concerned Scientists, World Wildlife Fund, and many others.” (Source: 2001 Annual Report) Jump forward to 2013 and the Ceres network includes over 130 NGOs.

Today, Ceres serves as the underwriter and clearinghouse for the institutionalization of private governance. Such transformation is now well under way and evolving as witnessed under the guise of the “green economy.” Such strategy is calculated and requires tactical execution. For such transformation to be successful, key critical elements must coalesce: the real or perceived (manufactured/purposeful) decline of public regulatory power; the appearance of “civil society” (self-appointed NGOs) to emanate a patina of legitimacy, credibility and trust; the perception of “caring” corporations (see “Who Cares Wins“); and lastly, media to disseminate the compiled elements in endless waves. When these elements coalesce seamlessly, fertile ground is laid for private regulatory institutions to emerge. By stressing the “risks” (i.e. water scarcity, crumbling infrastructure, etc.) Ceres successfully lays the groundwork for corporate takeover of goods, services and now ecosystems.

The Ceres Network Companies (the first pillar) make up the crème de le crème (approx. 70 corporations) of the corporate world. Examples include Citi, Bloomberg, Coca-Cola, Ford Motor Company, General Motors, Suncor and Virgin. The Ceres Coalition (the second pillar) is comprised of more than 130 institutional investors, environmental and “social advocacy” groups, and public interest organizations. Examples of coalition members are Sierra Club, Friends of the Earth, Rockefeller Financial Asset Management, NRDC, World Wildlife Fund, Rainforest Action Network, Service Employees International Union (SEIU) (a founder of Avaaz) and The Carbon Neutral Company.

 

SupportingSponsors2008

Leadership Circle

Image above: Just a few of the 2009 and 2013 Ceres Conference Sponsors.

The Ceres Coalition represents: the Ceres Network Companies, Investor Network on Climate Risk (INCR) (publicly launched in November 2003 at the first Institutional Investor Summit on Climate Risk held at the United Nations) and Business for Innovative Climate & Energy Policy (BICEP: a coalition of more than 20 leading consumer brand corporations.) [Ceres Membership Requirements] [3]

“Ceres is a national network of over [130*] investors, environmental organizations and other public interest groups working with companies and the capital markets to address sustainability challenges such as global climate change. Coalition members serve on our board of directors, participate on company stakeholder teams and engage with the Wall Street community to incorporate social and environmental costs into their research practices. More than [100*] companies worldwide, many of them Fortune 500 firms, make up the Ceres Network of Companies.” [4] [*Updated to reflect current status]

The network of Ceres companies represents a broad range of corporate interests, including oil and gas, electric utilities, and financial services. More than one-third of the company members are in the Fortune 500. Members include McDonalds Corporations, Bank of America Corporation, PG&E Corporation, Citi Bank, Ford Motor Company, General Motors, Nike, PepsiCo, Suncor, Sunoco, Coca-Cola, Walt Disney, Virgin America, and Time Warner, to name just a few. Ceres has close ties with high-level leaders at the New York Stock Exchange, United Nations, World Economic Forum, Clinton Global Initiative, American Accounting Association, the American Bar Association and many of the world’s most powerful corporations. The forté of Ceres is briefing/advising powerful corporate boards, from Nike to American Electric Power, on risk and opportunity.

In addition to working with investors in the Ceres Coalition, Ceres directs the Investor Network on Climate Risk (INCR):

“INCR members, whose collective assets total about $[11*] trillion, include many of the world’s largest pension funds and asset managers.” [*Updated to reflect current status]

INCR has grown from 10 institutional investors managing $600 billion (2003) to 100 institutional investors managing more than $11 trillion in assets (2012).

In 1997 CERES launched the Global Reporting Initiative (GRI), now the de facto international standard for corporate voluntary sustainability reporting implemented by more than 1,800 corporations worldwide.

Benefits for corporations adopting GRI “standards” included/include guideline tools for “brand and reputation enhancement, differentiation in the marketplace and protection from brand erosion resulting from the actions of suppliers or competitors, networking and communications.” [Source] Since releasing its first Reporting Guidelines in 2000, its global network has grown to more than 600 organizational stakeholders and over 30,000 people representing different sectors and constituencies. GRI has also developed key strategic partnerships with the United Nations Environment Programme, the UN Global Compact, the Organization for Economic Cooperation and Development, and the International Organization for Standardization. [Source]

Mindy Lubber is the president of Ceres (2012) and a founding board member of the organization. She also directs Ceres’ INCR. Mindy Lubber’s blog “Sustainable Capitalism” is integrated with Forbes. Lubber is a contributing blogger for Huffington Post (acquired by Time Warner in 2011) and Forbes. Lubber has been honored by the United Nations as one of the “World’s Top Leaders of Change.” (Other award winners were the corporations Coca-Cola, Nike, Walmart and Reebok). Lubber was named one of “The 100 Most Influential People in Corporate Governance” by Directorship magazine and is a recipient of the Skoll Award for Social Entrepreneurship.

Skeletons (and Skolls) in the Ceres/1Sky Closet

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Photo [Source: Skoll Foundation]: Green capitalist Al Gore with (left to right) Chris Fox of Ceres, Gillian Caldwell of 1Sky (350.org officially merged with 1Sky in 2011), Sally Osberg of the Skoll Foundation and Alessandro Galli of Global Footprint Network.

In 2009, 1Sky’s campaign director, Gillian Caldwell, a lawyer by training, was paid $203,620 (US) through the Rockefeller Family Fund. Although McKibben often refers to 350.org/1Sky as a “scruffy little outfit” – a salary of more than $200,000 is hardly typical of a legitimate grassroots organization.

In the Dec 3, 2009 article Prepping for Copenhagen as found on the Skoll Foundation website, the author reports, “The Skoll Foundation, along with a number of Skoll social entrepreneurs and partners, will be participating in the Copenhagen meetings on climate change later this month. Reflecting the high caliber of environmental leaders in the Skoll portfolio, some 10 Skoll social entrepreneurs and/or their organizations will be at Copenhagen: ACORE, Amazon Conservation Team, BioRegional Development Group, Ceres, EcoPeace/Friends of the Earth Middle East, Fundacion Gaia, Global Footprint Network, Health Care Without Harm, IDE-India, and Gillian Caldwell (formerly of Witness), representing 1Sky.” [Emphasis added.]

In the December 15, 2009 article More from the Ground in Copenhagen, also featured on the Skoll Foundation website, Skoll CEO Sally Osberg reports:

 Just a couple of highlights from the Climate Leaders’ Summit: Leadership on climate change – both moral and real – is coming from the sub-nation state levels and small countries.

What Osberg neglects to report is the fact that these very states were deliberately and grossly undermined by the non-profit industrial complex, with corporate TckTckTck, 350.org(1Sky) and Avaaz at the helm of the elitist fifth column. [Further reading: The Most Important COP Briefing That No One Ever Heard | Truth, Lies, Racism & Omnicide | Who Really Leads on the Environment? The “Movement” Versus Evo Morales]

 Who Cares Wins

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 “To address the tough environmental and social issues facing global corporations today, we need to hear from a diverse group of stakeholders who challenge us to innovate and operate in a sustainable manner. No one has access to such a vast network of valuable, independent input as Ceres.” — Indra Nooyi, Chairman and CEO, PepsiCo

It is clear why branded agencies such as 350.org, SumofUs, Avaaz et al, who dominate social media, are heavily financed (and in many cases were created by) the oligarchs. Who Cares Wins – The Rise of the Caring Corporation, by David Jones, founder of One Young World, (recently a featured speaker at the 2013 World Form on Natural Capital), makes the case that “social media and corporate social responsibility are not two separate subjects; rather, they are intrinsically interlinked. Businesses that embrace the new rules are set to both make more money and become forces for good in the world.”

“Grow Through Karma Off-Setting: Consumers will actively buy from companies who are good, so they feel that they themselves don’t have to personally undertake social projects, as they have done good by making their purchase with you. Good brands provide a moral alibi for buying.” — Who Cares Wins – The Rise of the Caring Corporation, by David Jones, Global Chief Executive, Havas Worldwide, Creator of the “TckTckTck” campaign and Co-founder of One Young World.

Those born into today’s “young world” are indiscriminately lusted after and seduced by predatory marketing agencies bankrolled by the world’s most powerful corporations and oligarchs, via their foundations. Thus, in stealth synchronicity, the brilliant (albeit pathological) sycophants have created a world where corporate pedophilia runs rampant and indoctrination of youth is perfected and normalized. One cannot deny such a virtuoso performance. Nor can one deny the profound repercussions of such vulturesque exploitation. For adults who willingly offer up their children as sacrificial lambs to appease the corporate gods, denial must be considered the preferred opium of the 21st century.

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The name of the game is this: Corporations present themselves as humble and caring elements integral to society with a fierce determination to “do better.” Rather than refusing to comply with ethical environmental and social conduct, which only serves to tarnish brand image, the corporations embrace and welcome all criticisms. This stratagem is made even more effective when CEOs unabashedly take the first opportunity in any given situation to point out the harmful impacts of their industry, articulated with deep concern, followed by a laundry list of all the magnificent things the corporation is looking at for the future that they believe will alleviate environmental degradation and unbridled exploitation.

 

 [Cory Morningstar is an independent investigative journalist, writer and environmental activist, focusing on global ecological collapse and political analysis of the non-profit industrial complex. She resides in Canada. Her recent writings can be found on Wrong Kind of GreenThe Art of AnnihilationPolitical ContextCounterpunch,Canadians for Action on Climate Change and Countercurrents. Her writing has also been published by Bolivia Rising and Cambio, the official newspaper of the Plurinational State of Bolivia.]

 

Endnotes:

[1] The Valdez Principles: In September 1989, the Coalition for Environmentally Responsible Economies set forth the following ten broad principles for evaluating corporate activities that directly or indirectly affect the biosphere.

1. Protection of the Biosphere

We will minimize and strive to eliminate the release of any pollutant that may cause environmental damage to air, water, or earth or its inhabitants. We will safeguard habitats in rivers, lakes, wetlands, coastal zones and oceans and will minimize contributing to global warming, depletion of the ozone layer, acid rain or smog.

2. Sustainable Use of Natural Resources

We will make sustainable use of renewable resources, such as water, soils and forests. We will conserve nonrenewable natural resources through efficient use and careful planning. We will protect wildlife habitat, open spaces and wilderness, while preserving biodiversity.

3. Reduction and Disposal of Waste

We will minimize the creation of waste, especially hazardous waste, and wherever possible recycle materials. We will dispose of all wastes through safe and responsible methods.

4. Wise Use of Energy

We will make every effort to use environmentally safe and sustainable energy sources to meet our needs. We will invest in improved energy efficiency and conservation in our operations. We will maximize the energy efficiency of products we produce or sell.

5. Risk Reduction

We will minimize the environmental, health and safety risks to our employees and the communities in which we operate by employing safe technologies and operating procedures and by being constantly prepared for emergencies.

6. Marketing of Safe Products and Services

We will sell products or services that minimize adverse environmental impacts and that are safe as consumers commonly use them. We will inform consumers of the environmental impacts of our products or services.

7. Damage Compensation

We will take responsibility for any harm we cause to the environment by making every effort to fully restore the environment and to compensate those persons who are adversely affected.

8. Disclosure

We will disclose to our employees and to the public incidents relating to our operations that cause environmental harm or pose health or safety hazards. We will disclose potential environmental, health or safety hazards posed by our operations, and we will not take any action against employees who report any condition that creates a danger to the environment or poses health and safety hazards.

9. Environmental Directors and Managers

At least one member of the Board of Directors will be a person qualified to represent environmental interests. We will commit management resources to implement these Principles, including the funding of an office of vice president for environmental affairs or an equivalent executive position, reporting directly to the CEO, to monitor and report upon our implementation efforts.

10. Assessment and Annual Audit

We will conduct and make public an annual self-evaluation of our progress in implementing these Principles and in complying with all applicable laws and regulations throughout our worldwide operations. We will work toward the timely creation of independent environmental audit procedures which we will complete annually and make available to the public.

[Source: A New Agenda for Managers, The Challenge of Sustainability]

[2] Ceres Principles:

1. PROTECTION OF THE BIOSPHERE: We will reduce and make continual progress toward eliminating the release of any substance that may cause environmental damage to the air, water, or the earth or its inhabitants. We will safeguard all habitats affected by our operations and will protect open spaces and wilderness, while preserving biodiversity.

2. SUSTAINABLE USE OF NATURAL RESOURCES: We will make sustainable use of renewable natural resources, such as water, soils and forests. We will conserve non-renewable natural resources through efficient use and careful planning.

3. REDUCTION AND DISPOSAL OF WASTES: We will reduce and where possible eliminate waste through source reduction and recycling. All waste will be handled and disposed of through safe and responsible methods.

4. ENERGY CONSERVATION: We will conserve energy and improve the energy efficiency of our internal operations and of the goods and services we sell. We will make every effort to use environmentally safe and sustainable energy sources.

5. RISK REDUCTION: We will strive to minimize the environmental, health and safety risks to our employees and the communities in which we operate through safe technologies, facilities and operating procedures, and by being prepared for emergencies.

6. SAFE PRODUCTS AND SERVICES: We will reduce and where possible eliminate the use, manufacture or sale of products and services that cause environmental damage or health or safety hazards. We will inform our customers of the environmental impacts of our products or services and try to correct unsafe use.

7. ENVIRONMENTAL RESTORATION: We will promptly and responsibly correct conditions we have caused that endanger health, safety or the environment. To the extent feasible, we will redress injuries we have caused to persons or damage we have caused to the environment and will restore the environment.

8. INFORMING THE PUBLIC: We will inform in a timely manner everyone who may be affected by conditions caused by our company that might endanger health, safety or the environment. We will regularly seek advice and counsel through dialogue with persons in communities near our facilities. We will not take any action against employees for reporting dangerous incidents or conditions to management or to appropriate authorities.

9. MANAGEMENT COMMITMENT: We will implement these Principles and sustain a process that ensures that the Board of Directors and Chief Executive Officer are fully informed about pertinent environmental issues and are fully responsible for environmental policy. In selecting our Board of Directors, we will consider demonstrated environmental commitment as a factor.

10. AUDITS AND REPORTS: We will support the timely creation of generally accepted environmental audit procedures. We will annually complete the CERES Report, which will be made available to the public.

[3] [Ceres Membership Requirements: All coalition members must be approved by the Ceres Board of Directors. All coalition members pay annual membership dues that are scaled from $50 to $2,000, depending upon the size and type (non-profit, grant making, or investment firm) of the organization. Coalition members are also strongly encouraged to participate in Ceres’ engagement work, including through our multi-stakeholder dialogue processes, investor engagements and other opportunities.] “The primary direct costs of endorsing the CERES Principles are the payment of annual dues and the completion of the annual CERES report form. The dues for a company differ according to the size of the company, but, for a large multinational corporation, are usually in the range of $50,000 dollars a year. The costs associated with dues are not prohibitive considering the size and the budget of the companies.” [Source.]

[4] “Once companies officially join Ceres, they gain access to exclusive benefits, such as a customized stakeholder advisory team that provides advice on sustainability reporting, strategy, policies and specific initiatives.”

EDF Sells Green Cred to Walmart for the Low, Low Price of $66 Million

Grist

November 6, 2013

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Aside from Walmart itself, there is no louder and more enthusiastic cheerleader for the retail giant’s sustainability campaign than Environmental Defense Fund. A quick perusal of the news over the last few weeks finds EDF issuing a press release about Walmart’s green leadership, praising its environmental boldness in a Fortune interview, backing its solar claims in a Fast Company article, and headlining a live chat about Walmart hosted by The Guardian.

EDF, one of the nation’s largest and best-known environmental organizations, is Walmart’s right-hand man in the green game. It turns out, unlike most Walmart jobs, that’s a pretty lucrative gig to have.

Since 2005, EDF has received $66 million from the Walton Family Foundation. The Waltons are the children and grandchildren of Walmart founder Sam Walton. The crucial thing to know about the family — in addition to their mind-boggling wealth, estimated at $145 billion — is that they control Walmart. They not only have several seats on the company’s board, including the chair. They own over half of Walmart’s stock.

Must-Read White Paper: The Politics of a New York State Fracking Moratorium

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Above: A picture worth a thousand words ….

“[P]romoters of “safe fracking” like the Natural Resources Defense Council (“we need better information”), the National Sierra Club (“let’s secure strong safeguards”), and the National Wildlife Federation (“reasonable compromise”; the parent organization of Environmental Advocates of New York), Environmental Defense Fund (partnering with Chevron, ExxonMobil, Shell, and other industry players in the “Center for Sustainable Shale Development,” PDF), Citizens Campaign for the Environment (pushing for a moratorium, “Let science guide the process”), and New York League of Conservation Voters (whose 2013 spring gala partners included Chesapeake Energy, Scotts Miracle-Gro, and other industry polluters) would like to have an apparent easy win to headline their fundraising letters. Even while many of their staffers recognize the need for a ban, these same staffers have been discouraged from publicly supporting a ban. The grassroots must stand firmly for this position to help these staffers use the courage of their convictions.”

CPNY | Coalition to Protect New York

June 16, 2013

Knowing that the whole country, indeed the whole world, is looking to New York State to stop fracking and lead the way for others to piggyback on our success, we find it especially important that we get it right. We can help not only ourselves but also every other citizenry affected, and we can change the course of history. We cannot waste time; too much is at stake. We can’t play games. We must demand what we need to survive. And we must win.

1. What is the effect of calling for a moratorium? Doesn’t a moratorium buy us time to organize for an eventual ban?

We understand and are tempted by the respite that a moratorium seems to promise. Who wouldn’t like to buy time for rest and recuperation, and to fight more fiercely down the line?

However, after careful examination of the political and economic landscape, we realize that the price of a statewide moratorium is clearly too high — it works against our achieving our ultimate goal of a total and complete ban.

The John Stauber Interview

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New Left Now

April 25, 2013

 

New Left Now: It’s great to talk with you today, John. I came across your Counterpunch article, The Progressive Movement is a PR Front for Rich Democrats recently, and New Left Now is keen to talk to you about it and related fronts. So, if I understand your take on this, the progressive movement is largely ineffectual, and for some fairly obvious reasons. What role does the Congressional Progressive Caucus have to play in the mix here? Why have we not seen more efficacy in what they purport to do or represent?

Revealed: The Day Obama Instructed the Big Greens to Keep Silent on Climate Change

“My most vivid memory of that meeting is this idea that you can’t talk about climate change,” said Jessy Tolkan, who at the time was a leader of the climate youth movement, Power Shift.

 

“On a separate note, I’m curious what new ‘directives’ from the White House this time around might be for the climate movement, from one of those exclusive insider events, you know?  Those insiders among you, mind to share with the rest of us a little sooner this time, than the end of the second term?  Or do we still have to deduce from the unified talking points among you?  On National Public Radio a progressive movement leader explained that, at the beginning of Obama’s first term, he couldn’t be pushed very much, because he had to avoid jeopardizing the chances for his second term.  That’s why we needed to vote for him again, so that now he can really fight for us!  You see, keeping his job in the Oval Office is so much more important than the fate of the world, and savvy movement leaders can obviously agree with that.” – Scientist Maggie Zhou

Revealed: the day Obama chose a strategy of silence on climate change

Sandy has blown climate change back on the agenda – and many believe the White House was wrong when it decided in 2009 that climate change was not a winning political message

Suzanne Goldenberg, US environment correspondent

guardian.co.uk

Barack Obama

Barack Obama: a 2009 off-the-record event marked a strategic decision by the White House to downplay climate change. Photograph: Michele Eve Sandberg/Corbis

The invitation to the White House in the spring of 2009 struck Barack Obama‘s allies in the environmental movement as a big moment: a clear sign that climate change was on his radar and that the president was eager to get to work.

The event was indeed a turning point, but not the one campaigners expected. Instead, it marked a strategic decision by the White House to downplay climate change – avoiding the very word – a decision some campaigners on the guestlist say produced the strange absence of climate change from the 2012 campaign, until hurricane Sandy blew it right back on the political agenda.

The storm – which interrupted campaigning for three of the last eight days of the presidential race – may even prove the decisive factor in the elections, with voters watching how Obama handles Sandy’s aftermath. The devastation has already sparked debate about America’s present-day vulnerability to climate change.

But back in 2009, the off-the-record event with the White House green team at the old executive office building offered the first chance for the White House to share its plans for getting a climate change law through Congress. Aides handed round a one-page memo of polling data and talking points.

“It was in the context of the financial collapse. With everyone struggling, how do we connect with the public and build political support when everyone’s mind was on the very scary economy,” said Betsy Taylor, president of Breakthrough Strategies and Solutions an organisation that works with philanthropic and non-profit clients, who attended the meeting.

The answer was clear: climate change was not a winning message. Raising the topic would also leave Obama open to attack from industry and conservative groups opposed to intervention in the economy.

“What was communicated in the presentation was: ‘This is what you talk about, and don’t talk about climate change’.” Taylor said. “I took away an absolutely clear understanding that we should focus on clean energy jobs and the potential of a clean energy economy rather than the threat of climate change.”

The message stuck. Subsequent campaigns from the Obama administration and some environmental groups relegated climate change to a second-tier concern. After industry and conservative groups mobilised to attack Obama’s policies and climate science in the summer of 2009, the topic was seen as an even greater liability and politically toxic.

There was no mention of climate change during six hours of televised debate. Moderators failed to bring up the question, and Obama and Mitt Romney made no effort to fill in the gaps – even during a long and heated exchange about offshore drilling and coal.

Romney’s convention speech reduced climate change to a laughline. Obama defended climate science at the Democratic convention, and he answered a question on climate in an MTV interview last month.

Otherwise, Obama mentioned climate only in passing and in front of safe or rock-solid Democratic audiences, such as fundraisers in San Francisco and New York or events on college campuses. Since Sandy’s devastating storm, a number of prominent Democrats like Bill Clinton and Al Gore have talked about climate change, and taken Romney to task on the issue.

Those gathered on 26 March 2009 to hear from key members of Obama’s green dream team — Carol Browner, then energy and climate adviser, Nancy Sutley, chair of the Council on Environmental Quality, and Van Jones, then green jobs adviser, believed it would be a pivotal year.

The White House and both houses of Congress were controlled by Democrats, world leaders were due to gather in Copenhagen in December to finalise a global climate change treaty.

But the economy was in meltdown. The White House, after studying polling and focus groups, concluded it was best to frame climate change as an economic opportunity, a chance for job creation and economic growth, rather than an urgent environmental problem.

“My most vivid memory of that meeting is this idea that you can’t talk about climate change,” said Jessy Tolkan, who at the time was a leader of the climate youth movement, Power Shift. “The real sense at that time was that talking about clean energy jobs, green jobs, was the way we were going to be able to gain momentum and usher in real change. Talking about climate change and global warming was not going to resonate as much.”

None of the principal White House officials would talk on the record about the meeting. The White House did not release materials related to the meeting or respond to a request for visitors’ records.

But most of the environmental groups were inclined to go along. “When the White House invites you to a meeting and says: ‘here is how we are going to talk about these things’, it sends a very clear message,” said Erich Pica, president of the US Friends of the Earth Action, who was also at the meeting.

“25 x 25″ is a Big Fat Bio-Massacre

Vote Yes on Proposal 3!

 

For a list of the key groups behind this bill view the 25x25_organization_endorsements. Environmental groups, corporations and regional partners include those such as Environmental Defence Fund, Ford Motor Company, General Motors, Monsanto, National Wildlife Federation, World Watch Institute and Chrysler.

 

November 4, 2012

By Jeff Gibbs

Open Mike

“Some of my friends in the professional environmental movement have reacted as expected yesterday when I called them out for having allowed biomass burning to be a huge part of what Michigan is going to get under Proposal 3 or “25 x 25.”  Accusations and anger. It went down the same way when we stopped a local biomass plant from being built in Traverse City a few years ago: we got yelled at, several PR firms were hired to fight us, and most of the paid environmentalists sat on their hands.”

Let me tell you whose funding IS affiliated with fossil fuel money: “25 x 25.” Follow the money. Something called the “Green Tech Action Fund” in San Francisco has put up $1.3 million for the Michigan “25 x 25” campaign.  Who funds the Green Tech Action Fund? That would be “The Energy Foundation.” Who funds the “Energy Foundation?” That would be Pew Charitable Trust in part, which is Sun Oil or Sunoco. Who else helped fund “The Energy Foundation?” The Rockefeller Foundation. Who is the Rockefeller Foundation? That would be Exxon.

 

In Michigan right now ballot Proposal 3 known as “25 x 25″ would require our state to get 25% of its electricity from “renewable” sources by the year 2025. “25 x 25″ is being sold as all about solar panels and wind mills. It’s not. Far more than anyone suspects, it’s going to ramp up the dirtiest form of energy of all: biomass burning. Incinerating trees in the name of “green energy.” And it must be stopped if we care about climate change, clean air and thriving forests.

Yes that’s right, in the name of saving the planet and renewable energy we are about to make things worse. For those unfamiliar with biomass burning, it releases more carbon dioxide and more harmful particulates than even coal. Logging for biomass can drastically reduce biodiversity and set back a forest’s ability to sequester carbon dioxide for centuries. Most environmentalists oppose it. Or used to.

Michigan environmental groups promoting “25 x 25,” whose goals such as stopping climate change I otherwise support, have insisted there will not be much biomass burning. Their campaign shows images of wind and solar exclusively.

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Clean Water Action

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Michigan Energy, Michigan Jobs

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Green Energy Future

But this is what we are actually going to get. I call it a bio-massacre:

 

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Massachusetts logging for biomass

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Michigan trees chipped for biomass

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New Hampshire biomass plant

Don’t believe it? It was hard for me grasp as well. Still, there was that little word “biomass” in the definition of renewable energy. So I decided to check for myself.

Here was my first stunner: the national “25 x 25″ Steering Committee seems to be 100% agribusiness and logging interests. Ethanol and biomass. On their bios are found the words cattle, corn, biomass and forestry, not solar or wind.

The national “25 x 25″ mission statement reflects this commitment to biofuels and biomass:

25x’25 Vision: By 2025, America’s farms, forests and ranches will provide 25 percent of the total energy consumed in the United States, while continuing to produce safe, abundant, and affordable food, feed and fiber.

When questioned about national “25 x 25″ being primarily big ag and big timber, Michigan “25 x 25″ supporters responded saying they have little to do with the national organization. Really? That’s odd. Because the national “25 x 25″ organization brags on their website that they have influenced state laws and they include Michigan as a place where good things are happening.

And then the Michigan 25 x 25 Jobs and Energy Report was released. It was produced at Michigan State University, our state’s agricultural college. It was written not by the solar and wind department, but by faculty from the Agricultural, Food and Resource Economics Department with a huge vested interest in biomass and biofuels.

The report projects a nearly 300% increase in biomass. The red line on the chart below indicates the projected increase in biomass plant staffing.

2012-11-04-biomassjobyears.jpg The authors of the report also aren’t shy about describing the new opportunities for their friends:

… the impact to the agricultural and forestry sector is anticipated to be… significant. Accounting for direct and indirect impacts due to feed stock procurement, transportation, logistics, storage etc., it is expected that biomass generation under a 25% RPS will result in nearly 12,000 job years.

(Please note: boosters of “25 x 25″ routinely turn “job years” into “jobs” – e.g. one job for 25 years is 25 “job years.” This means 75,000 “job years” gets turned into 75,000 “jobs” when it should be more like 3,000.)

And just what is the aforementioned “feedstock procurement?” In large part, logging. Ah, the wonderful green jobs! Logging, trucking, installing air quality control equipment, using bulldozers to move around giant piles of wood chips lest they spontaneously combust like this fire at Biomass One in Oregon, or this entire biomass plant that exploded in flames.

So widely known (except to the public) is this new opportunity for “green energy” that “Biomass Magazine” has already alerted its readers. The magazine cautions though, that making “25 x 25″ a constitutional amendment might be a mistake because it could draw “scrutiny and introduce more controversy than legislative action…” Yes that’s right, it’s easier to sell a bio-massacre beyond closed doors.

But there’s more. The burning of woody biomass isn’t all we’re going to get. The chart below reveals a big helping of biogas as well as biomass.

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What are the other biogas and biomass sources besides trees and forests? Confined animal feed operations, landfill gases, burning garbage including old homes and tires, human and agricultural “waste.” All have serious issues and depend on enormous fossil fuel intensive systems. But those are not my main concerns – it’s the burning of the source of our clean air and clean water as “green energy” that is my nightmare. Only two great planetary systems are capable of soaking up the CO2, our forests and our oceans. It makes no sense to destroy either one of them.

But alas the bio-massacre isn’t just in our future. It’s the reality of “renewable energy” right now:

 

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Burlington, Vermont biomass plant. Note whole trees looking like matchsticks in this photo prior to chipping.

–In Vermont, the biggest single contributor to climate change and air pollution is their “green energy” facility. An enormous biomass burner that only produces a fraction of the energy of a fossil fuel plant.

–There is at least 15 times more biomass burning RIGHT NOW in Michigan than solar and wind combined. Given this, is it ethical for “Michigan Energy, Michigan Jobs” to ONLY show solar and wind on its photo “tour” of Michigan renewable energy? Here is what they won’t show you:

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Cadillac, Michigan biomass plant
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Enjoying Michigan’s sustainable state forests
–Michigan State University, the source of the “25 x 25″ report, has no wind and almost no solar yet has already obtained a permit to toss 24,000 tons of trees annually into their coal plant to meet their “renewable energy” goals, a feat which will actually increase the CO2 coming from the smokestack.

–In Holland, Michigan the Sierra Club has been fighting to stop a coal plant expansion. But Holland’s “clean energy” plan is in large part biomass burning disguised as “combined heat and power.” (The word “biomass” isn’t mentioned until page 31 in the proposal. That’s not an accident.)

So why are we getting so much burning in the name of green if wind and solar are such miracles? That’s a story for another day. Suffice to say there are issues with solar and wind that cannot be wished away. One major problem is that right now wind supplies only about 0.3 percent of Michigan’s electrical energy. To ramp that up to provide a significant share of our electricity would take tens of billions of dollars and 50 times more wind turbines than currently exist. Anyone think that’s going to happen?

And so it all comes back to cutting and burning our forests for energy. They say we would never denude the land of trees, yet that is the most common way civilizations end. It doesn’t happen in a day or a year, but blow by blow, cut by cut. We went though this once before. The trees are now smaller, stressed, and far less in extent. We won’t survive doing it again.

 

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Michigan logging scenes from 120 years ago

It makes no sense to stop the tar sands, fight fracking, or end the horror of mountaintop removal to protect the living planet, if we then incinerate the living planet for energy. Let’s get back to our “roots.” Save the trees. Stand with them against any “renewable energy” scheme like “25 x 25″ that calls incinerating trees and forests “green energy.”

For more information about biomass burning go www.biofuelwatch.org.uk or to Partnership for Policy Integrity or this article I wrote.

UPDATE NOVEMBER 6TH, 2012, ELECTION DAY:

Some of my friends in the professional environmental movement have reacted as expected yesterday when I called them out for having allowed biomass burning to be a huge part of what Michigan is going to get under Proposal 3 or “25 x 25.”  Accusations and anger.

It went down the same way when we stopped a local biomass plant from being built in Traverse City a few years ago: we got yelled at, several PR firms were hired to fight us, and most of the paid environmentalists sat on their hands. Two people from the Sierra Club did show up a few times out of hundreds of meetings for which we were thankful but by NO means were the drivers of this movement.

The movement was initiated, advanced and completed by citizens. For the Sierra Club to claim otherwise is insulting and wrong. In the end, despite the attacks of biomass supporters, 99% of our community was against biomass burning and the plan was withdrawn.

Now the accusations by biomass supporters are wild and desperate once again. They imply that I, a producer for Michael Moore, producer of a film about the radical environmentalist Paul Watson, might be in bed with or somehow aiding the Koch brothers. It’s a common tactic for those unable to deal with facts to resort to innuendos and slurs.

Perhaps people who live in glass houses should hesitate to pick up stones.

Let me tell you whose funding IS affiliated with fossil fuel money: “25 x 25.” Follow the money. Something called the “Green Tech Action Fund” in San Francisco has put up $1.3 million for the Michigan “25 x 25” campaign.  Who funds the Green Tech Action Fund? That would be “The Energy Foundation.” Who funds the “Energy Foundation?” That would be Pew Charitable Trust in part, which is Sun Oil or Sunoco. Who else helped fund “The Energy Foundation?” The Rockefeller Foundation. Who is the Rockefeller Foundation? That would be Exxon.

Yes BOTH sides of the energy debate are funded by the same people: giant corporations, the 1%, fossil fuel and otherwise.

Now I am not saying that everyone who has accepted money that in part originated with big oil money is automatically up to no good. I AM saying that that the world’s most powerful corporations, their corporate foundations, fossil fuel interests, investment bankers, and the uber wealthy, are NOT going fund the revolution that ends the growth machine that is killing the planet.

But they will fund “renewable energy” that includes biomass, ethanol, biofuels, etc. despite the insanity of burning trees or food or garbage as energy.

To be clear I have zero funding from anyone. I am a citizen doing what a citizen should do: not trusting what I am told by those in systems who think they know better than everyone, but checking for myself. And speaking out.

It was no accident I used facts from “25 x 25’s” own reports because I knew they would try to deny the biomass burning reality of green energy in our state; inquiries about biomass burning have been met with denials every step of the way. But supporters of “25 x 25” cannot refute my core contentions—not without calling their own experts and data wrong.

THEIR forecast for three times more biomass burning comes from THEIR jobs and energy report. One of them is wrong; their experts or those in charge of rhetoric.

THEIR report indicates for at least ten times more biomass burning than solar panels and as much as wind. One of them is wrong; their experts or those in charge of rhetoric.

“25 x 25” also has not answered to why they mislead the public about what’s included in the definition of renewable energy. It’s indisputable that biomass burning is on the ballot proposal.

And if this gets in the Michigan constitution do you REALLY think green groups can control timber and agriculture interests who make billions from biomass and biofuels? Look how hard it is to stop fossil fuel plants, and now we want to add more biomass, biogas and biofuel plants?

“25 x 25” has also not answered why they wildly exaggerated the jobs report by turning “job years” into jobs thus misleading the public.

And I have to tell you that the more I look into the reality of biomass burning in Michigan the uglier it seems. When I heard rumors that toxic creosote laden railroad ties and old houses were being burned as green biomass I thought that be hidden from the public. But no, it’s being bragged about on their website. Apparently railroad ties are being brought in from as far away as Canada, since Canada does not want this toxic stuff being burned in their own backyard.

This should come as no surprise because for a long time the largest green energy facility in Michigan was the giant waste incinerator in Detroit. Instead of “clean coal” we have “clean trash burning.”

There might be a few cases where burning off landfill gases is better than letting it escape but calling this green and subsidizing it as renewable energy is wrong because it subsidizes a giant environmental mistake.

Claims have been made it’s going to be “farm waste” as biomass. Well, in Michigan the reality of biomass burning is indeed 99% burning trees supplemented with “waste” on occasion. But let’s talk about burning to stop climate change for a minute. Burning farm “waste” does indeed like burning anything release CO2. That’s just physics. The concept of turning “waste” to energy is highly flawed and dependent on waste streams from fossil fuel intensive farms and CAFO’s.

Michigan voters should turn down Proposal 3 which will put in BIOMASSS BURNING in our state constitution.  THAT is a green nightmare. And environmental groups paid to promote “25 x 25” ought to learn that attacking citizens who speak out, is the wrong way to go.

Corporate NGOs Work Hand in Hand With Walmart to Privatize Earth’s Oceans & Fisheries

illustration: zeeninginlaos

Walton Family Foundation Sunk $71.4 Million into Greenwashing Schemes

 

Over $36 million alone was handed over to “Marine Conservation” grantees including the Ocean Conservancy, Conservation International Foundation, Marine Stewardship Council, World Wildlife Fund and EDF. All of these organizations are notorious for their role in corporate greenwashing efforts across the globe.

 

“The Walton Family Foundation is funding the Environmental Defense Fund, which wants to commodify water through water marketing and privatize our fish through catch shares program,” said Grader. “These are tools used by corporations to further the growing disparity between 1 percent and rest of us.”

 

California Progress Report

November 19th, 2012

By Dan Bacher

 

Much recent media attention has focused on Walmart’s announcement that it is canceling Thanksgiving plans for many of its employees. These workers will now have to work on the holiday as the retail giant kicks off its holiday sale at 8 PM on Thanksgiving Day, rather than waiting until midnight on “Black Friday.”

“The result is troubling for advocates for workers’ rights, as Walmart has encroached repeatedly on a holiday that traditionally involves plenty of time spent with family and away from work,” according to a statement from the Corporate Action Network. “The decision to move up the start of Black Friday sales to Thursday could be an attempt to thwart the workers’ organization efforts scheduled for Black Friday.

Labor, social justice and human rights groups are supporting a nationwide boycott of Walmart on Black Friday to back the strike of Walmart workers that day.

However, less well known to the public is Walmart’s ambitious campaign of corporate greenwashing in recent years.

The Walton Family Foundation proudly reported “investments” totaling more than $71.4 million in “environmental initiatives” in 2011, including contributions to corporate “environmental” NGOs pushing ocean privatization through the “catch shares” programs and so-called “marine protected areas” like those created under Arnold Schwarzenegger’s Marine Life Protection Act (MLPA) Initiative.

According to a press release from the Walmart Headquarters in Bentonville Arkansas, the foundation made grants to more than 160 organizations in the U.S. and other countries “that work to protect natural resources while strengthening the local economies that depend on them.”

The foundation directed an overwhelming majority of the grants toward its two core environmental initiatives – “Freshwater Conservation and Marine Conservation.”

“Our work is rooted in our belief that the conservation solutions that last are the ones that make economic sense,” claimed Scott Burns, director of the foundation’s Environment Focus Area. “The foundation and our grantees embrace ‘conservationomics’ – the idea that conservation efforts can and should bring economic prosperity to local communities.”

The foundation donated $30.5 million to Marine Conservation, $26,842,289 to Freshwater Conservation and $14,022,907 for “Other Environment Grants.”

The Top Five Grantees were Conservation International, $16,208,278; Environmental Defense Fund, $13,683,709; the Marine Stewardship Council $3,122,500; Nature Conservancy $3,024,539, and the National Audubon Society, $2,739,859.

Conservation International, the top recipient with $16,208,278, is an organization noted for its top-down approach to conservation and involvement with corporate greenwashing.

The Walton Foundation press release claimed that, “Conservation International continued to implement a three-year program to empower local communities to manage and conserve fishing resources on Costa Rica’s Pacific Coast.”

However, the group’s board features controversial corporate leaders such as Rob Walton and Stewart Resnick.

Rob Walton, Walmart Chairman, serves as the Chairman of the Executive Committee of Conservation International. Serving with him on Conservation International’s Board of Directors is Stewart Resnick, the owner of Paramount Farms.

Resnick has been instrumental in campaigns to build the peripheral canal to increase water exports to agribusiness and Southern California, to eviscerate Endangered Species Act protections for Central Valley Chinook salmon and Delta smelt and to eradicate striped bass in California. The Center for Investigative Reporting describes Resnick as a “Corporate Farming Billionaire and One-Man Environmental Wrecking Crew.”

Resnick is notorious for buying subsidized Delta water and then selling it back to the public for a big profit, as revealed in an article by Mike Taugher in the Contra Costa Times on May 23, 2009.

“As the West Coast’s largest estuary plunged to the brink of collapse from 2000 to 2007, state water officials pumped unprecedented amounts of water out of the Delta only to effectively buy some of it back at taxpayer expense for a failed environmental protection plan, a MediaNews investigation has found,” said Taugher.

Taugher said the “environmental water account” set up in 2000 to “improve” the Delta ecosystem spent nearly $200 million mostly to benefit water users while also creating a “cash stream for private landowners and water agencies in the Bakersfield area.”

“No one appears to have benefitted more than companies owned or controlled by Stewart Resnick, a Beverly Hills billionaire, philanthropist and major political donor whose companies, including Paramount Farms, own more than 115,000 acres in Kern County,” Taugher stated. “Resnick’s water and farm companies collected about 20 cents of every dollar spent by the program.”

Likewise, the Nature Conservancy, a group that received $3,024,539 from the Walton Family Foundation, in 2011, is also known for its strong support of the Bay Delta Conservation Plan to build the peripheral tunnels that Resnick and other corporate agribusiness interests so avidly support. A broad coalition of fishermen, Indian Tribes, environmentalists, family farmers and elected officials opposes the construction of the tunnels because they would hasten the extinction of Central Valley salmon, Delta smelt, longfin smelt and other species.

Drive to Privatize Fisheries

illustration: zeeninginlaos

Environmental Defense Fund, with the second highest donation at $13,683,709, is known for its market-based approach to conservation and its push for “catch shares” that essentially privatize the oceans. The relationship between the group and the retail giant is so close that it operates an office in Bentonville, Arkansas, where Walmart is headquartered.

“Environmental Defense Fund released its ‘Catch Shares Design Manual: A Guide for Fishermen and Managers’ to provide a roadmap to catch share design, which is a focus of our Marine Conservation initiative,” according to the Walton Family Foundation.

A catch share, also known as an individual fishing quota, is a transferable voucher that gives individuals or businesses the ability to access a fixed percentage of the total authorized catch of a particular species.

“Fishery management systems based on catch shares turn a public resource into private property and have lead to socioeconomic and environmental problems. Contrary to arguments by catch share proponents – namely large commercial fishing interests – this management system has exacerbated unsustainable fishing practices,” according to the consumer advocacy group Food & Water Watch.

True to form, Sam Rawlings Walton, the grandson of Wal-Mart founder Sam Walton, serves on the Board of Trustees of EDF.

Times Articles Put Spotlight on Walmart, Highlight Media Failures

Two New York Times articles in April 2012 put Walmart and the Walton family’s “dirty laundry” in the international spotlight, leading to a renewed call by the Recreational Fishing Alliance (RFA) for the public to support their boycott of Walmart.

The Times articles covered Walton family support for anti-fishing, pro-privatization efforts in North America, followed by the publication’s exposure of alleged $24 million worth of bribes in Central America to speed up the chain’s expansion into Mexico.

“The headlines prove that Walmart and the Walton Family Foundation are no friends of local communities anywhere, and their ongoing efforts to destroy coastal fishing businesses through support of arbitrary marine reserves and privatization of fish stocks nationwide should not be supported by anglers,” said RFA executive director Jim Donofrio. “We’re asking coastal fishermen who support open access, under the law, to healthy and sustainable fish stocks to send a clear message to this arrogant corporation that we’ve had enough of their greenwashing and grafting efforts.

Donofrio noted that Walmart made world headlines following a New York Times story that charges the Bentonville, Arkansas company and its leaders of squashing an internal investigation into suspected payments of over $24 million in bribes to obtain permits to build in Mexico.

The bribery scandal was exposed on the same day that the Gloucester Times of Massachusetts exposed a reporting lapse in another recent New York Times article about the relationship between Environmental Defense Fund (EDF) and Walmart partnering together for “more enlightened and sustainable operations.”

The New York Times had earlier reported that EDF “does not accept contributions from Wal-Mart or other corporations it works for.”

However, when confronted on the fact that the $1.3 billion Walton Family Foundation (started in 1987 by Wal-Mart’s founders, Sam and Helen Walton, and directed presently by the Walton family) has been underwriting EDF’s successful effort to replace the nation’s mostly small-business, owner-operated fishing industry with “a catch shares model designed to cap the number of active fishermen by trading away ownership of the resource to those with the deepest pockets,” the author of the New York Times report conceded by email that in her rush to meet deadlines, she had not considered the relationship between the Walton family and Wal-Mart, according to Donofrio.

“I didn’t think to check the EDF board for Walton family members, or Walton Family Foundation donations,” said reporter Stephanie Clifford, adding “None of the third parties I’d spoken to had mentioned that connection, which isn’t an excuse – I should have thought of it myself, but didn’t.

RFA is hoping that saltwater anglers and fishing business owners help send Walmart stocks tumbling by refusing to shop at the corporate giant any longer.

“The Walton family uses their fortune to buy off friends who’ll cover for their despicable business practices, whether it’s corporate greenwashing with EDF, rebranding efforts through national trade association campaigns, or apparently by way of directed bribes to local officials in other countries,” Donofrio said. “Don’t just stop buying fishing tackle at Wal-Mart – stop supporting this company altogether and let’s quit supporting complete buyouts and takeovers of local communities.”

In August 2011, RFA asked fishermen to publicly boycott Walmart stores following issuance of a news release from Wal-Mart corporate headquarters in Bentonville, Arkansas where the Walton family announced investments totaling more than $71.8 million awarded to various environmental initiatives.

Over $36 million alone was handed over to “Marine Conservation” grantees including the Ocean Conservancy, Conservation International Foundation, Marine Stewardship Council, World Wildlife Fund and EDF. All of these organizations are notorious for their role in corporate greenwashing efforts across the globe.

The RFA pointed out that by contributing over $36 million to NGOs promoting alleged “marine protected areas” like those created under Arnold Schwarzenegger’s Marine Life Protection Act (MLPA) Initiative and catch share programs in 2010, the Waltons were contributing to the demise of sustainable recreational and commercial fisheries and the privatization of the oceans.

Commercial Fishermen Back Boycott

Zeke Grader, executive director of the Pacific Coast Federation of Fishermen’s Associations, supports RFA’s boycott of Walmart.

“People who are concerned about our environment or labor rights should all be boycotting Walmart,” said Grader. “Their polices are clearly intended to commodify our natural resources and put them under the control of large corporations.”

“The Walton Family Foundation is funding the Environmental Defense Fund, which wants to commodify water through water marketing and privatize our fish through catch shares program,” said Grader. “These are tools used by corporations to further the growing disparity between 1 percent and rest of us.”

“I’ve been boycotting Walmart for decades and it’s absolutely great that recreational and commercial fishermen are together on this,” concluded Grader.

When Environmentalists Collaborate

The Wages of Compromise

by MICHAEL DONNELLY
March 01, 2012

Spring is in the air in Oregon’s Willamette Valley.  Crocus and daffodil add a splash of late winter color. Trees are budding. Days grow longer, the sun makes a cameo appearance…and, like swallows to Capistrano, the usual suspects cadre of eco-wonks/lawyers return to Eugene and the University of Oregon for the 30th Annual Public Interest Environmental Law Conference   (E-LAW) March 1 – 4, 2012.

“Compromise is often necessary, but it ought not to originate with environmental leaders. Our role is to hold fast to what we believe is right, to fight for it, to find allies, and to adduce all possible arguments for our cause. If we cannot find enough vigor in us or our friends to win, then let someone else propose the compromise, which we must then work hard to coax our way. We thus become a nucleus around which activists can build and function.” — David Brower, first Executive Director of the Sierra Club. This year PIELC officially celebrates the 100thAnniversary of Brower’s birth.

E-LAW is part employment bazaar for newly-minted attorneys seeking jobs in the ever-expanding (much thanks to E-LAW) field of Environmental Law. It is also part gathering of actual non-paid, in the trenches eco-activists who are the ones who generate the resistance that leads to all those legal jobs. What matters to the job seekers and the already employed panelists who draw a paycheck derived from a cornucopia of foundation-funded groups and what motivates the volunteer or underpaid activists sometimes coincide and sometimes the activists are featured panelists; but, most of the time the disconnect is palpable. Invariably, PIELC becomes living proof of the Upton Sinclair dictum.

“It’s difficult to get a man to understand something  when his salary depends on his not understanding it.” —Upton Sinclair

Many environmental topics – local, national and international are featured among the many panels and plenary sessions.  Excellent panels on Civil Liberties and Activism always are on the agenda, as are ones addressing threatened Species. Many prominent issues are left unaddressed. And, as Earth First! co-founder Mike Roselle (now in Appalachia fighting the good fight against the abomination of Mountaintop Removal coal extraction) always notes, “The real work at any of these gatherings is done in the hallways and bars.”

So, here’s a summary of the local and national ones that I see are the hot points issues right now; the ones getting the mountain lion’s share of the funding and attention:

How Environmental Groups Gone Bad Greenwash Logging Earth’s Last Primary Old Forests

The Great Rainforest Heist

April 16, 2012

by Dr. Glen Barry | Rainforest Portal

The world’s pre-eminent environmental organizations, widely perceived as the leading advocates for rainforests and old growth, have for decades been actively promoting primary forest logging [search]. Groups like Greenpeace, Rainforest Action Network (RAN), The Nature Conservancy, Conservation International, World Wide Fund for Nature/World Wildlife Fund (WWF) and the Environmental Defense Fund actively promote industrially logging Earth’s last old forests. Through their support of the existing “Forest Stewardship Council” (FSC), and/or planned compromised “Reducing Emissions from Deforestation and Forest Degradation” (REDD), they are at the forefront of destroying ancient forests for disposable consumer items – claiming it is “sustainable forest management” and “carbon forestry”.

Rainforest movement corruption is rampant as these big bureaucratic, corporatist NGOs conspire to log Earth’s last primary rainforests and other old growth forests. Collectively the “NGO Old Forest Sell-Outs” are greenwashing FSC’s destruction of over 300,000,000 acres of old forests, destroying an area of primary rainforests and other old forests the size of South Africa (two times the size of Texas)! FSC and its members have built a massive market for continued business as usual industrially harvested primary forest timbers – with minor, cosmetic changes – certifying as acceptable murdering old forests and their life for consumption of products ranging from toilet paper to lawn furniture. Some 70% of FSC products contain primary forest timbers, and as little as 10% of any product must be from certified sources.

FSC has become a major driver of primary forest destruction and forest ecological diminishment. Despite certifying less than 10% of the world’s forest lands, their rhetoric and marketing legitimizes the entire tropical and old growth timber trade, and a host of even worse certifiers of old forest logging. It is expecting far too much for consumers to differentiate between the variety of competing and false claims that old growth timbers are green and environmentally sustainable – when in fact none are. While other certification schemes may be even worse, this is not the issue, as industrial first-time primary forest logging cannot be done ecologically sustainably and should not be happening at all. FSC’s claims to being the best destroyer of primary forests is like murdering someone most humanely, treating your slaves the best while rejecting emancipation, or being half pregnant.

To varying degrees, most of the NGO Old Forest Sell-Outs also support the United Nations’ new “Reducing Emissions from Deforestation and Forest Degradation” program (UNREDD, REDD, or REDD+), originally intended to protect Earth’s remaining and rapidly diminishing primary rainforests and other old forests, by making “avoided deforestation” payments to local forest peoples as an international climate and deforestation solution. Large areas of primary and old-growth forests were to be fully protected from industrial development, local communities were to both receive cash payments while continuing to benefit from standing old forests, and existing and new carbon was to be sequestered.

After years of industry, government and NGO forest sell-out pressure, REDD+ will now fund first time industrial primary rainforest logging and destruction under the veil of “sustainable forest management” and “carbon forestry”. REDD+ is trying to be all things to everybody – forest logging, protection, plantations, carbon, growth – when all we need is local funding to preserve standing forests for local advancement, and local and global ecology; and assurances provided REDD+ would not steal indigenous lands, or be funded by carbon markets, allowing the rich to shirk their own emissions reductions.

Sustainable forest management in old forests is a myth and meaningless catchphrase to allow continued western market access to primary rainforest logs. Both FSC and now REDD+ enable destruction of ancient naturally evolved ecosystems – that are priceless and sacred – for throw away consumption. Increasingly both FSC and REDD+ are moving towards certifying and funding the conversion of natural primary forests to be cleared and replanted as plantations. They call it carbon forestry and claim it is a climate good. Even selective logging destroys primary forests, and what remains is so greatly ecologically reduced from first time industrial logging, that they are on their way to being plantations.

Naturally evolved ancient forests are sacred and primeval life giving shrines, and standing and intact, large and contiguous primary rainforest and other old forests are a requirement for sustaining global ecology and achieving local advancement. Old forests are a vital part of the biosphere’s ecological infrastructure – and have a prominent, central role in making the Earth habitable through their cycling of carbon, energy, water, and nutrients. Planetary boundaries have been exceeded, we have already lost too many intact terrestrial ecosystems, and what remains is in adequate to sustain global ecology.

Primary rainforests cannot be logged in an ecologically sustainable manner; once logged – selectively, certified, legally or not – for throw-away consumer crap, their primary nature is destroyed, and ecological composition and dynamics are lost forever. What remains is permanently ecologically diminished in terms of composition, structure, function, dynamics, and evolutionary potential. Logged primary forests’ carbon stores, biodiversity and ecosystems will never be the same in any reasonable time-span. Selective, industrially logged primary rainforests become fragmented, burn more and are prone to outright deforestation.

Primary forest logging is a crime against Earth, the human family and all life – and those doing the logging, profiting and greenwashing the ecocide are dangerous criminals – who must be stopped and brought to justice. There is a zero chance of protecting and ending first time industrial logging of primary rainforests when the NGO Old Forest Sell-Outs say it is sustainable, even desirable, and continue to greenwash FSC old growth timber markets – now to be expanded with potential REDD funding – providing crucial political cover and PR for forest ecocide through their presence in the organizations.

Each of the named organizations’ forest campaigns are a corrupt shell of their former selves – acting unethically and corruptly – destroying global ecology and local options for advancement, for their own benefit. The rainforest logging apologists have chosen power, prestige and money coming from sitting at the old forest logging mafia’s table, gathering the crumbs fallen from the table to enrich their empires, rather than the difficult yet necessary job of working to fully protect rainforests and other primary forests from industrial development.

WWF, Greenpeace, and RAN are particularly culpable. With rainforests threatened as never before, RAN targets the Girl Scouts, Greenpeace supports Kleenex’s clearcut of Canadian old growth boreal forests for toilet paper, and WWF runs a bad-boy logger club who pay $50,000 to use the panda logo while continuing to destroy primary forests.

The only way this NGO old forest greenwash logging machine will be stopped is to make doing so too expensive to their corporate bureaucracies in terms of lost donations, grants, and other support – whose sources are usually unaware of the great rainforest heist. Ecological Internet – the rainforest campaign organization I head – and others feel strongly, based upon the urgency of emerging ecological science, and our closeness to global ecological collapse, that it is better to fight like hell in any way we can to fully protect and restore standing old forests as the most desirable forest protection outcome. Greenwash of first time industrial primary forest logging must be called out wherever it is occurring, and resisted by those in the global ecology movement committed to sustaining local advancement and ecosystems from standing old forests. There is no value in unity around such dangerous, ecocidal policy.

Despite tens of thousands of people from around the world asking these pro-logging NGOs to stop their old forest logging greenwash, none of the organizations (who routinely campaign against other forest destroyers, making similar demands for transparency and accountability) feel obligated to explain in detail – including based upon ecological-science – how logging primary forests protects them. Nor can they provide any detailed justification – or otherwise defend – the ecology, strategy and tactics of continued prominent involvement in FSC and REDD primary forest logging. They clearly have not been following ecological science over the past few years, which has made it clear there is no such thing as ecologically sustainable primary forest logging, and that large, old, contiguous, un-fragmented and fully ecologically intact natural forests are critical to biodiversity, ecosystems, and environmental sustainability.

We must end primary and other old forest logging for full community protection and restoration. The human family must protect and restore old forests – starting by ending industrial-scale primary forest logging – as a keystone response to biodiversity, ecosystem, climate, food, water, poverty and rights crises that are pounding humanity, ecosystems, plants and animals. There is no such thing as well-managed, sustainable primary forest logging – first time industrial harvest always destroys naturally evolved and intact ecosystems.

Humanity can, must and will – if it wishes to survive – meet wood product demand from certified regenerating and aging secondary growth and non-toxic, native species plantations. Humanity must meet market demand for well-managed forest timbers by certifying only 1) small-scale community eco-forestry practiced by local peoples in their primary forests (at very low volumes for special purposes and mostly local consumption), 2) regenerating and aging secondary forests regaining old-growth characteristics, and 3) non-toxic and mixed species plantations under local control. Further, reducing demand for all timber and paper products is key to living ecologically sustainably with old forests.

Local community development based upon standing old forests including small scale eco-forestry is fine. Small scale community eco-forestry has intact primary forests as its context for seed and animal sources, and management that mimics natural disturbance and gap species establishment. It is the industrial first time logging – selective logging, defined as selecting all merchantable, mature trees and logging them– turning primary forests into plantations, that is problematic. The goal must remain to maximize the extent, size, and connectivity of core primary forest ecosystems, to maximize global and local ecosystem processes, and local advancement and maintained well-being from standing old forests.

By dragging out the forest protection fight on a forest by forest basis, until ecological collapse becomes publicly acknowledged and society mobilizes, we can hold onto more ecosystems, biodiversity, and carbon than logging them a tiny bit better now. Soon – as abrupt climate change and global ecosystem collapse become even more self-evident – the human family will catch up with the ecological science and realize old forest destruction and diminishment must end as we ramp up natural regeneration and ecological restoration of large, connected natural forests adequate to power the global ecosystem. As society awakens to the need to sustain the biosphere, having as many intact ecosystems for models and seed sources for restoration as possible will be key to any sort of ecology and human recovery.

Rainforest protection groups engaged in greenwashing primary forest logging (an oxymoron misnomer if ever there was one), particularly while offering no defense of doing so, while raising enormous sums for rainforest “protection”, must be stopped. We must continue to call upon all big NGOs to resign from FSC and REDD, and join us in consistently working to end primary forest logging, and protect and restore old forests. Until they do, they must be boycotted and their funding cut off – even if this impacts other good works they may do, as old forests are such a fundamental ecological issue – until they stop greenwashing the final destruction of primary forests. And it is past time for their supporters to end their memberships as ultimately these big NGO businesses are more concerned with their image and money than achieving global forest policy that is ecologically sufficient, truthful, and successful.

As a rainforest movement, we must return to the goal of a ban on industrially harvested primary forest timbers. This means continuing to resist and obstruct old forest harvest, businesses (including NGO corporate sell-outs) involved, timber marketing, transportation, storage, milling, product construction, product marketing, and consumption. The entire supply chain for ecocidal primary forest timbers must be destroyed. More of us must return to the forests to work with local communities to build on-the-ground desire and capacity for ecologically inspired advancement from standing old forests, and physically obstructing old forest logging. We must make stolen, ill-gotten old wood from life-giving ecosystems an unacceptable taboo, like gorilla hand ash-trays, only worse. Together we must make old forest revolution.

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Join and follow the End Old Forest Logging campaign at http://facebook.com/ecointernet