Sep 11
20191
350.org / 1Sky, Amnesty International, Avaaz, Bill & Melinda Gates Foundation, Bloomberg Philanthropies, Celebrity [Capitalism | Humanitarianism | Neoliberalism], David and Lucile Packard Foundation, Greenpeace, Neo-Liberalism and the Defanging of Feminism, Purpose [Public Relations Arm of Avaaz], Rockefeller Foundation, Social Engineering, TckTckTck, The Defanging of Feminism, Whiteness & Aversive Racism, William and Flora Hewlett Foundation, World Wildlife Fund (WWF)
Alberta Carbon Trunk Line (ACTL) BECCS CCS Children’s Investment Fund Foundation ClimateWorks European Climate Foundation GCCA Global CCS Institute Green New Deal Greta Thunberg neoliberalism Spectacle
The Manufacturing of Greta Thunberg For Consent: A Design to Win — A Multi-Billion Dollar Investment [VOLUME II, ACT I]
September 11, 2019
By Cory Morningstar
The Manufacturing of Greta Thunberg – for Consent series has been written in two volumes.
[Volume I: ACT I • ACT II • ACT III • ACT IV • ACT V • ACT VI • Addenda I] [Book form] [Volume II: An Object Lesson In Spectacle • ACT I • ACT II • ACT III • ACT IV • ACT V • ACT VI] [ACTS VII & VIII forthcoming]• A 100 Trillion Dollar Storytelling Campaign [A Short Story] [Oct 2 2019]
• The Global Climate Strikes: No, this was not co-optation. This was and is PR. A brief timeline [Oct 6 2019]
“On the back of the Design to Win report (2007), a group of large liberal foundations proceeded to align their strategies and pool resources through common initiatives and projects, and most notable the creation of the ClimateWorks Foundation.” —The Price of Climate Action: Philanthropic Foundations in the International Climate Debate, 2016, Edouard Morena] [p. 41] [Emphasis added]
The Design To Win Report
The report would serve as the founding document for the creation of the ClimateWorks Foundation (ClimateWorks). ClimateWorks was launched in 2008 with the support of three foundations: the William and Flora Hewlett Foundation, the David and Lucile Packard Foundation, and the McKnight Foundation. [Source] In 2008, the Hewlett Foundation alone pledged 500 million USD to ClimateWorks. This represented the single largest grant in Hewlett’s history. [Source] Packard would match it. Additional funding would come from the Rockefeller Foundation, the Ford Foundation, and the United Nations. [2]
Hal Harvey, who led the formation of ClimateWorks, would take the title of CEO and ex-officio member. [Source] During the formation of ClimateWorks, Harvey held the title of environment program director at the William and Flora Hewlett Foundation (2001 to 2008). Prior to this role, from 1990 to 2001, Harvey served as founder and president of the Energy Foundation established in partnership with the Pew, MacArthur, and Rockefeller foundations. [3] Harvey would depart from ClimateWorks in 2012.
ClimateWorks would serve as a tax exempt regranting foundation for vetted and compliant messenger NGOs to geographically advance the strategies, ideologies and goals espoused by ClimateWorks through the creation of a global network: the Energy Foundation in North America, the Energy Foundation China Programme, Iniciativa Climatica de Mexico, Instituto Clima e Sociedade in Brazil, and the European Climate Foundation. The Climate and Land Use Alliance would be created for the network in 2010. [4] [Source] The European Climate Foundation, which plays a leading role in this series is, in essence, a tentacle of ClimateWorks, as are the other ClimateWorks global network partners. Hewlett Foundation President Larry Kramer explains:
“And here, too, the solution was ingenious. To begin, they proposed to create a central hub—the ClimateWorks Foundation—which would serve as grantor of funds to a coordinated global network. The network, in turn, consisted of two sorts of organizations. First, there were “regional climate foundations” or RFCs. RFCs had expertise in particular geographies and would serve as regrantors of funds from ClimateWorks to the most appropriate NGOs for particular work… A second set of organizations were called “best practices networks” or BPNs. These brought expertise in particular sectors, one in each sector for a total of seven. So, there was the International Council on Clean Transportation (ICCT), and the Institute for Industrial Productivity, and so on. To work on transportation in Europe, then, ClimateWorks would simply channel money to ECF and ICCT [International Council on Clean Transportation] to work together on the problem.” [5] [Emphasis added]
— Smith Celebration Lecture, February 7, 2017, Larry Kramer, President William & Flora Hewlett Foundation
That being said, the ECF receives major funding outside of ClimateWorks. Major funders have included the Children’s Investment Fund Foundation (UK), the McCall MacBain Foundation (Switzerland), the Oak Foundation (Switzerland), Nationale Postcode Loterij (Netherlands) and Villum Fonden (Denmark). A lack of respect for work/state sovereignty resulted in disagreements and friction with ClimateWorks. [ClimateWorks Foundation Case Study, 2015, “Deliberate Leadership and Wicked Problems”, pp. 38-39]
Working with a host of select grantees, ClimateWorks and partners “fund fine-grained grant portfolios to pursue regional initiatives.” The resulted are closely monitored in order to “continuously adapt our efforts to be increasingly effective.”
To ensure that the practices, policies, and legislation shaped and sought by ClimateWorks would be adopted at scale, the foundations were advised (by the California Environmental Associates consulting group) to pursue a variety of strategies. Outreach and pubic engagement would be instrumental. Reaching the voting base and “consumers” by utilizing the media was recognized as instrumental in order to build the political support required to implement desired reforms and policies in place of countries in and outside of its own borders – a soft power imperialism.
Above: ClimateWorks, September 20, 2016 (Climate Week 2016 NYC)
The creation of ClimateWorks dovetails with the inception of the Global Campaign for Climate Action (GCCA), conceptualized in 2006 and launched in 2008. GCCA dominated the United Nations 15th Conference of the Parties (COP 15) held in Copenhagen under the TckTckTck campaign umbrella.
[Further reading: The Manufacturing of Greta Thunberg – A Decade of Social Manipulation for the Corporate Capture of Nature [ACT VI – Crescendo]“Support existing NGOs with deep knowledge of local conditions and needed strategies; create new organizations as necessary….In other cases, additional NGOs may be necessary to develop new, innovative approaches.” [Design to Win, p. 47]
Together, GCCA (as the human face) and ClimateWorks (as the corporate body) would establish and lead what could be described as a defacto climate cartel. This cartel would successfully marginalize grassroots movements, peasant movements, Indigenous peoples, Indigenous knowledge, the G77, and small island states, thereby ensuring the climate debate remained firmly entrenched within the framework of neoliberalism while dominated by Western ideologies and finance. Those in the Global South who contributed nothing to the climate crisis would be effectively crushed under the imperial boot of those that created the crisis. Consider that there are 100 countries in the world that produce less than 0.1% of global greenhouse gas emissions. [Source]
Above: Global Campaign for Climate Action (GCCA) founding partners
ClimateWorks is the largest recipient of climate philanthropy in the world having received over 1.3 billion USD since its inception. [March 1, 2018, Source]
The second largest is the ClimateWorks regional partner, the Energy Foundation which has received approximately 940 million USD. [March 1, 2018, Source]
In addition to ClimateWorks’ founding partners/funders (the William and Flora Hewlett Foundation, the Oak Foundation, and the David and Lucile Packard Foundation), today they are joined by the KR Foundation and the John D. and Catherine T. MacArthur Foundation to make up the core funders.
The ClimateWorks portfolio funders include the Margaret A. Cargill Foundation, the Children’s Investment Fund Foundation, the Ford Foundation, The Grantham Foundation for the Protection of the Environment, [6] and the Gordon and Betty Moore Foundation. [Source]
The Hewlett Foundation has provided the bulk of ClimateWorks funding. Since its inception to 2015, ClimateWorks has received more than half of its funding from Hewlett. Other foundations which have contributed significant funds to ClimateWorks include the Foundation to Promote Open Society (Soros), the Energy Foundation, and the Sea Change Foundation (founded by Nat Simons and Laura Baxter-Simons).
The years and decades of colossal injections of funding serve an instrumental purpose: the mass distribution of messaging that will effectively strengthen the preconstructed narratives, and the building of networks to seek the desired results. [ClimateWorks Research Partners]
The Hewlett Foundation
In order for this body of work to stay on task, we cannot delve into every foundation behind ClimateWorks without becoming lost in a sea of oblivion. Suffice to say that the most critical role of the foundation is to maintain influence (i.e. dominance) over an acquiescent populace in servitude to corporations, capital, industry, and the ideologies protecting current power structures. This can be observed in Hewlett Foundation Climate Initiative strategy developed for 2018-2023:
“Climate philanthropy needs to invest more in research, analysis, and advocacy for policies that drive innovation in advanced energy systems and technologies. This includes finding ways to unlock public funding for the early stages of innovation and encouraging private investment for the commercial deployment of viable new technologies.”
“We will focus philanthropic support more on sub-national efforts (led by states, regions, utilities, businesses, and more), continue to work with the private sector on clean-energy investment, and continue our efforts to build public will for policies that address climate change and promote clean energy.”
“We will invest in a portfolio of efforts to support scientific and technological progress, especially carbon removal and advanced zero-emission technologies including nuclear power. This will require both risk tolerance and a willingness to embrace outcomes over a longer-than-usual time scale.“
“But it’s important first to recognize that the triumph of market ideology did not occur organically. It was, in fact, an intentional, cultivated, and — most important for present purposes — well-funded effort.”
— Beyond Neoliberalism: Rethinking Political Economy, April 26, 2018, p. 9
On December 11, 2017, Hewlett announced it would donate 600 million USD over a five-year period (2018-2023) to “nonprofits globally working on solving climate change.” [Source]
On April 26, 2018, the Hewlett Foundation announced the launch of a two-year, “$10 million exploratory effort to support research on new ideas and intellectual frameworks in economics and economic policymaking.”
The new undertaking will be part of Hewlett’s Special Projects initiative managed by Jennifer Harris, a senior fellow in the office of the Hewlett Foundation president. Harris is also a senior fellow in foreign policy at the Brookings Institution, as well as a fellow at the Roosevelt Institute. Prior to her role at Hewlett, Harris was a senior fellow at the Council on Foreign Relations specializing in U.S. foreign policy in relation to climate, energy and economic policy. In 2011, as a member of the secretary’s policy planning staff at the U.S. State Department, Harris served as the lead architect of Secretary of State Hillary Clinton’s economic statecraft agenda. [Full bio]
One such “special project” of Hewlett is “Beyond Neoliberalism: Rethinking Political Economy.”
“Yet circumstances are ripe for the emergence of a new 21st-century social contract. Philanthropy can help support fresh thinking about policy that can inspire citizens and open new space for people on the left and the right to solve problems.”
— Larry Kramer, president of the Hewlett Foundation, April 26, 2018 [Emphasis added]
“Most important, the free market movement was paid for — backed every step of the way by sympathetic foundations and philanthropists who provided the resources to succeed.”
— Beyond Neoliberalism: Rethinking Political Economy, April 26, 2018, p. 12
The Beyond Neoliberalism: Rethinking Political Economy paper authored by Hewlett Foundation president Larry Kramer exemplifies the need for a new economic paradigm. In the paper, Kramer recalls the key and pivotal role of philanthropy in bringing the current “neoliberal” ideology into dominance. This theme captures the current essence of billionaires who are growing increasingly fearful that late-stage capitalism is failing – leaving them exposed and on equal footing with the working classes in the Global North and the campesinas/campesinos in the Global South. The peasantry and the working class whose very existence has become more volatile under the neoliberal model ushered in by foundations and institutions in servitude to the power elite. One can only imagine the fear and sheer terror being felt by the world’s most powerful and influential billionaires in imagining a future that could well resemble the existence of those they exploit. [Beyond Neoliberalism Public Board Memo, April 26, 2018]
“We must reject the notion that our only choice is between neoliberalism and socialism. We must develop new ideas.”
— Beyond Neoliberalism: Rethinking Political Economy, April 26, 2018, p. 17
Kramer serves on the ClimateWorks board of directors.
In order to save capitalism itself, foundations seek to convince the populace that under a new intellectual paradigm, capitalism can be reformed via “impact investing” and the commodification of nature. It can’t.
“The participants in the 20th-century debates about political economy understood this perfectly well. As [Milton] Friedman’s senior colleague and intellectual mentor, Friedrich Hayek, observed, “experience indicates that once a great body of intellectuals have accepted a philosophy, it is only a question of time until these views become the governing force of politics… Hayek was not wrong to believe that the ideas and philosophies that come to prevail almost always originate among elites, but intellectual and political leaders now have to persuade fellow citizens of the rightness of their ideas.”
— Beyond Neoliberalism: Rethinking Political Economy, April 26, 2018, p. 6 & p. 10
“No one believes we can or should abandon all the tenets of neoliberal thought, much less that we can live without an important role for free markets, which play an indispensable role in many contexts.”
— Beyond Neoliberalism: Rethinking Political Economy, April 26, 2018, p.17
It’s not only the Global South the ruling class are intent on recolonizing. They are also recolonizing our minds.
While the Hewlett Foundation defines the climate change as “an urgent global crisis that affects every problem philanthropy seeks to solve”, its own investments in corporate stock (3,341,965,570 USD, 2017) include a bevy of gas, and crude/petroleum, energy infrastructure and mining corporations. The list is extensive with the word “gas” identifying 33 investments, “crude” – 42, and “oil” – 47. Examples include Western Gas Partners, Sunoco, Kinder Morgan, Enbridge, Westlake Chemical Partners, BP Midstream Partners, TransCanada, Williams, Plains All American Pipeline, MPLX, Andeavor Logistics (since purchased by MPLX0, petroleum/energy infrastructure), Shell, Vale (one of the largest mining corporations in the world), Energy Transfer, Crown Castle (5G) and Black Stone Minerals. Other investments (many in the 10-20 million USD range) include Novartis, Wells Fargo, Lloyds, Walmart, Costco, McDonalds, MasterCard, Visa, Nestle, EBay, Microsoft, Kraft Heinz, Starbucks, Visa, Lowes, Facebook, Apple and Alphabet (Google). Hewlett’s largest energy investments are in Energy Transfer Partners and MPLX. [Investments – corporate stock: pp. 449-456] [Hewlett’s corporate bonds, largely consisting of fossil fuels can be viewed on pp. 457-466] [Source: The William & Flora Hewlett Foundation 990 Form, 2017]
Design To Win: Carbon Capture and Storage
“[The] best carbon capture facility in [the] world emits 25 times more CO2 than sequestered”
— June 12th, 2019, Clean Technica
“Philanthropists must get CCS over the hump and make it practical for deployment in the U.S., China and India within the next decade.”
— Design To Win, 2007, p. 25
“CCS, which remains in its infancy, deserves a critical push from philanthropy so that it can be rapidly deployed where demand for coal power is the greatest.”
— Design To Win, 2007 p.22
“Policy Reform Spurs Carbon Markets: These policies – together with carbon pricing – can create vibrant new markets for the cleanest technologies and attract the massive sums of private capital needed to transform the world economy.”
— Design To Win, 2007 p.16
A significant investment in carbon capture storage, as well as its rapid deployment is called for in the Design To Win report. Ignored by the NGOs who claim to represent civil society, CCS industry advocates are more than aware of the foundational support: “For instance, CCS was the largest single carbon abatement option in the global power sector identified in the Design to Win report from 2007, which called for significant investment in CCS.” [7]
What constitutes the scale of rapid deployment is identified in the 2013 Carbon Tracker report “Unburnable Carbon“:
“Given that the average annual rate of storage in 2015 is projected by the Global Carbon Capture and Storage Institute (2012) to be about 2.25 million tonnes for 16 CCS projects, a total of nearly 3800 CCS projects would need to be operating by 2050 under the idealised scenario.” [p. 12]
Glen Peters, research director at CICERO, Norway’s leading institute for interdisciplinary climate research, offers an even starker view stating that the world will require 10,000 carbon capture and storage plants by 2050. [Source]
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 (Carbon Tracker Initiative and the Natural Capital Declaration) 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. [Source] The year 2020 is a critical date of vast significance – a recurring deadline for all environmental market solutions to be in place – including “The New Deal For Nature” (i.e. assigning monetary value to all of nature).
More alarming yet is the fact that CCS demands massive volumes of freshwater. In regions where CCS will be implemented at scale, such demand could very well push rivers and water sources beyond the limits of what they can provide (i.e. what can be stolen.)
“The consumption of freshwater from thermal power could rise considerably with widescale adoption of CCS, with potentially a doubling of freshwater consumption from 2010 levels by 2050.”
— Water and climate risks to power generation with carbon capture and storage, February 12, 2016
It is important to observe that although CCS is largely associated with coal, this is an incorrect assumption.
June 26, 2019, As Coal Fades in the U.S., Natural Gas Becomes the Climate Battleground:
“Nationwide, energy companies plan to add at least 150 new gas plants and thousands of miles of pipelines in the years ahead. A rush to build gas-fired plants, even though they emit only half as much carbon pollution as coal, has the potential to lock in decades of new fossil-fuel use right as scientists say emissions need to fall drastically by midcentury to avert the worst impacts of global warming. ‘Gas infrastructure that’s built today is going to be with us for 30 years,’ said Daniel Cohan, an associate professor of civil and environmental engineering at Rice University. ‘But if you look at scenarios that take climate change seriously, that say we need to get to net zero emissions by 2050,’ he said, ‘that’s not going to be compatible with gas plants that don’t capture their carbon.’” [Emphasis added]
Indeed, “antipathy towards coal risks locking in hi-CO2 gas infrastructure”. (Kevin Anderson). Of course this is why “climate leader” Michael Bloomberg, a proponent of both nuclear and fracking, has financed the “Beyond Coal” campaigns in the United States and Europe [November 9, 2017, led by the European Climate Foundation] in excess of one hundred million USD, having recently announced an additional gift (i.e. investment) of 500 million dollars. [8] Somewhere between January 4, 2019 and June 7, 2019 the “Beyond Carbon” initiative became a “Bloomberg Philanthropies – Beyond Carbon” initiative with Bloomberg himself being a main highlight on the homepage and website. [This will be explored further in the series.]
To be clear, 3,800, or perhaps even 10,000 CCS plants, are required to ensure that “consumers” in the West can continue to purchase and use egregious and unnecessary consumer items such as leaf blowers. In tandem with “direct air capture” (“negative emissions technology” / NETS) and afforestation fantasies, CCS plants deliver an assurance that those in the West can continue to fly extended families, friends and relatives to countries we impoverish for exotic weddings while simultaneously sharing climate emergency posts on social media. Thousands upon thousands of CCS plants that will hopefully keep safe our access to Coca-Cola, McDonalds and Unilever products. All of these things, plus a trillion other things that are not only not in any way required to live happy, healthy and productive lives, but directly contribute to our own ill health and demise.
September 20, 2016, ClimateWorks: “The world needs to mobilize $90 trillion over the next 15 years to save our planet from the worst effects of climate change.” Here, the question never asked was, and continues to be, what volume of CO2 emissions are created by 90 trillion dollars of additional development (that will both contribute to and accelerate climate change impacts and temperature rise) – and how much environmental devastation does 90 trillion dollars of additional infrastructure demand. The third question would be, where will the vast majority of environmental devastation required to achieve these goals take place. This consideration is irrelevant to the ruling elite and Western society as a whole, as American exceptionalism coupled with a white supremacist ideology has fully normalized the plunder of the Global South to feed the rapacious Global North. Today these questions continue to be avoided and circumvented as the urgency to unlock 90-100 trillion dollars for new infrastructure (by 2050), identified and sought by institutions such as World Economic Forum and the New Climate Economy, accelerates.
Here, it can be noted that the Carbon Tracker Initiative (“aligning capital markets with climate reality”), the Energy & Climate Intelligence Unit, the Climate Bonds Initiative, Track 0, InfluenceMap, the Energy and Climate Intelligence Unit, all share the same address as the European Climate Foundation: 40 Bermondsey Street, London SE1 3UD, United Kingdom.
It must be stated that while the ClimateWorks Design to Win report advocated for CCS for the future, the insignificant funding toward its implementation between 2008-2011 demonstrates that CCS was not yet a priority. These were the “Cap-and-Trade” years. “Funding was also highly concentrated among a handful of organizations. Just 25 groups received more than half of the money distributed. Almost all were highly professionalized national groups that specialized in legal and policy analysis, pushing for policy action by way of inside-the-Beltway negotiation, coalition building, and compromise. Major recipients, for example, included the Environmental Defense Fund (EDF), the Natural Resources Defense Council (NRDC), and the Bipartisan Policy Center, a centrist think tank (Nisbet, 2011).” [Source]
Carbon Capture & Storage = Enhanced Oil Recovery
April 10, 2019, World’s largest CO2 pipeline under construction in Alberta, Canada
“A new $470 million pipeline is being built in Alberta that will allow for production of an additional one billion barrels of light oil, but most Canadians have probably never heard of it. It has received little media attention outside of Alberta and appears to have generated little if any attention or objections from environmental groups.
— The pipeline we do not know, Business In Vancouver website, April 9, 2019
Carbon capture and storage promises “business as usual” remains firmly intact for industry. Yet, it is actually worse than this. Not only can industry continue to emit, CCS infrastructure doubles as a means of reviving/expanding oil production via “enhanced oil recovery” (EOR):
“In the U.S., most captured carbon has gone to enhanced oil recovery, a process that pushes out more oil from a producing well after the extractor has already used primary and secondary methods. That added revenue from EOR helped Petra Nova’s economics. It’s also used at other plants like the Great Plains Synfuels Plant in North Dakota.”
— With 43 Carbon-Capture Projects Lined Up Worldwide, Supporters Cheer Industry Momentum, December 11, 2018
A 2015 report by the US Department of Energy discloses that over the history of technological carbon capture projects (commenced in the 1970s), all of which are tied to the fossil fuel industry, the vast majority of sequestered CO2 and accompanying pipeline infrastructure has been utilized to pump more oil out of existing and exhausted oil wells (i.e. enhanced oil recovery).
Adding to the above projection that CCS at scale has the potential to double our freshwater consumption by 2050, add to this the volume of freshwater demanded by enhanced oil recovery:
“Enhanced oil recovery (EOR) uses the most nonsaline water of all other recovery technologies.”
Who will pay for our collective and continued demise? Calgary, Canada, August 2, 2018:
“Enhance Energy Inc. (“Enhance”) and Wolf Carbon Solutions Inc., an affiliate of Wolf Midstream (“Wolf”), are pleased to announce the two parties have entered into a project development and coordination agreement related to the construction and operation of the Alberta Carbon Trunk Line (“ACTL”). The ACTL is a 240-kilometre pipeline that will collect carbon dioxide (“CO2“) from industrial emitters in and around Alberta’s Industrial Heartland and transport it to aging reservoirs throughout central and southern Alberta for secure storage and enhanced oil recovery (“EOR”) projects…
The construction of ACTL will be funded by Wolf in part through investments made by Canada Pension Plan Investment Board (“CPPIB”) of up to $305 million. Additional public funding for the ACTL project of $63 million has been provided by the Government of Canada under the Federal EcoETI Program and the Federal Clean Energy Fund Program, and $223 million in construction funding has been approved under the Province of Alberta’s Carbon Capture and Storage Funding Act (2009).
Through its CO2 EOR scheme, the Company is able to safely capture and permanently sequester CO2 while increasing production…
Wolf Midstream is a Calgary-based private company backed by the Canada Pension Plan Investment Board (“CPPIB”).” [Emphasis added]
The working class and citizenry at large will pay for the billion dollar oil giants to extract more oil from deleted reservoirs – to be consumed and burned – under the guise of saving the planet. The citizenry pays for it (without consent), while the corporations reap the profits (and tax breaks). The public assumes the majority of risk.
Recent “progress” on the ACTL shows the 16-inch diameter pipe being put into place under the North Saskatchewan River.
CCS and EOR are not solutions to “save the planet” – they are an all-out assault on the decimated planet and all life she graciously sustains.
The Right Hand of ClimateWorks – The European Climate Foundation (ECF)
“In Europe, for instance, the ECF—which channels and redistributes funds from a number of prominent climate funders—acts as an unavoidable access point for anyone wishing to seriously engage in the climate debate.”
— The Failure of Climate Philanthropy, December 11, 2018
The ECF is “linked to the central office (ClimateWorks] by common purpose and the funding each received from it.” [Source] In 2013, the ECF website offered this description: “The ECF is affiliated with the ClimateWorks Network and is the core of the ClimateWorks system in Europe.” [Source] Like ClimateWorks, ECF functions as a regranting foundation.
“The European Climate Foundation (ECF) was established in 2008 as a major philanthropic initiative to promote climate and energy policies that greatly reduce Europe’s greenhouse gas emissions and to help Europe play a stronger international leadership role to mitigate climate change. The ECF is funded by major multi-year commitments from donors in Europe and the United States. The ECF is part of the international ClimateWorks Network that shares goals, strategies and resources to address the global challenge of climate change mitigation with a global network of aligned organizations.” [Emphasis added] [Source]
The ECF was founded by George Polk who served as CEO and chairman of the executive committee. Polk’s background is extensive. Polk served as a senior advisor and executive board member of ClimateWorks, as well as serving as a senior advisor on climate change to McKinsey & Company. From 2008-2012, ClimateWorks paid McKinsey & Company 42.4 million USD, most of which was for “work to develop a deep analysis of the carbon abatement opportunities of the largest economies in the world”. [Source] Polk, with Norman Crowley, created The Cloud, which would become Europe’s largest wifi hotspot provider. The Cloud was purchased by Rupert Murdoch’s BSkyB for 80 million USD in 2011. In 2011, Crowley would then found Crowley Carbon, where Polk would serve as chair. [Source] [Source]
In addition, Polk was founder and CEO of the short-term Catalyst Project (an initiative related to the COP15 negotiations). He has served as a director of Richard Branson‘s Carbon War Room, now merged with the Rocky Mountain Institute where Polk serves as chair to the board of trustees. Polk served as an advisor/partner to a $1 billion initiative by George Soros to invest private equity “in ways which accelerate the development and diffusion of climate change technologies and business models.” [Source] Polk also serves as the director of Powerspan (a clean energies technology corporation that in 2009 sought to mobilize investment for carbon capture technology), as well as a senior advisor to SYSTEMIQ (which will be explored further in this series). Polk serves as the Managing Partner of Tulum Trust, “a private equity firm which manages private equity investments on behalf a small number of large family offices with a focus on generating excellent returns while having a meaningful impact on climate change.” [Source]
ECF Management & Supervisory Board
The European Climate Foundation supervisory board and fellows further exemplifies the interlocking directorate of the non-profit industrial complex, with many funders, institutions and states having present, past or rotating/intermittent representation.
Laurence Tubiana is the CEO of the ECF. Prior to serving the ECF, Tubiana was France’s Climate Change Ambassador and Special Representative for COP21. Tubiana is considered a key architect of the landmark Paris Agreement with Christiana Figueres. Following COP21, she was appointed High Level Champion for Climate Action by the UN. The Climate Finance Partnership has been developed under the auspices of the Task Force on Philanthropic Innovation, which is led by Laurence Tubiana. In addition, Tubiana has recently been selected to serve as a One Planet Lab member, a high level advisory group steered by the French Government. She has also been selected to serve as co-chair of the Ambition Advisory Group for the upcoming United Nations 2019 Climate Action Summit in New York City. Tubiana also serves as a commissioner to the Energy Transitions Commission. [Full Bio]
Tom Brookes is executive director of strategic communications, and a member of the ECF Executive Management Team. Brookes is responsible for “external communications, public affairs, and political communications strategy for the ECF, its affiliates, and network”. He serves as senior advisor of global communications strategies for the ClimateWorks Foundation. [Bio]
Kate Hampton serves as vice-chair to the supervisory board of the ECF. Hampton is the CEO of the Children’s Investment Fund Foundation (CIFF).
Joining Hampton on the supervisory board of the ECF is Jonathan Pershing, program director of environment at the William and Flora Hewlett Foundation, former special envoy for climate change at the U.S. State Department and lead U.S. negotiator to the U.N. Framework Convention on Climate Change.
Also serving the ECF supervisory board:
In five separate grants the Hewlett Foundation [9] funded the European Climate Foundation 31,730,000.00 USD in 2017.[Source] More recently (June 14, 2019) Hewlett gifted 4,840,000.00 USD to ClimateWorks for its Carbon Dioxide Removal Initiative: “The Fund will seed policy research, convenings, thought leadership, and communications outreach around natural and technological carbon dioxide removal.”
The activities of the Rotterdam Climate Initiative (RCI) are supported by the European Climate Foundation. RCI is involved in European initiatives on CCS, such as the Berlin Forum on “sustainable” fossil fuels, the European Technology Platform for Zero Emission Fossil Fuel Power Plants and the North Sea Basin Task Force.” [Source] RCI is a member of the Global CCS Institute. “Rotterdam was one of the first ports to consider a carbon capture and storage project, through the ROAD project – co-financed by the Dutch government, the European Commission and the Global CCS Institute.” [August 30, 2018, Source] The European Commission is also a partner to Climeworks, a corporation specializing in direct air capture.
On May 14, 2019, the European Commission Foundation announced the establishment of an advisory council. The four founding members of the Advisory Council include:
-Caio Koch-Weser: former chair of the ECF Supervisory Board who will serve as chair, member of the Board at the World Resources Institute, member of the Global Commission on the Economy and Climate overseeing The New Climate Economy [Bio]
-Mary Robinson: B Team Leader, former President of Ireland, former UN High Commissioner for Human Rights, former member of the ECF supervisory board, chair of Richard Branson’s Elders
-Nicholas Stern: international advisor to the Global CCS Institute, co-chair of the Global Commission on the Economy and Climate overseeing The New Climate Economy, chair of SYSTEMIQ board of directors, former World Bank chief economist
-Paul Polman: B Team chair, Vice Chair of the UN Global Compact, co-chair of the Global Commission on the Economy and Climate overseeing The New Climate Economy, former CEO Unilever, chair of the International Chamber of Commerce
The European Climate Foundation is at the helm of the Climate Finance Partnership. The Climate Finance Partnership, introduced in ACT VI of the Manufacturing for Consent series, will be further explored in this second volume.
The ClimateWorks Leadership & Board
Charlotte Pera is the current president and CEO of ClimateWorks, a position she has held since 2012. Prior to joining ClimateWorks, she served as the director of U.S. programs at the Energy Foundation, a ClimateWorks regional network partner. Pera served as a special advisor to the European Climate Foundation when it launched in 2008. She currently serves on its supervisory board. The CEO position pays within the medium spectrum of the non-profit industry. Pera’s reported salary for 2017 was 497,630.00 USD with additional compensation in the amount of 52,060.00 USD. [2017 Form 990]
The ClimateWorks board of directors includes John Podesta, founder of the think tank Center for American Progress. Having served as co-chair of former US president, Barack Obama’s transition team in 2008, Podesta would go on to serve as counselor to Obama from 2014-2015. More recently, Podesta served on Obama’s Global Development Council and the UN Secretary General’s High-Level Panel of Eminent Persons on the Post-2015 Development Agenda. Prior to founding the Center for American Progress in 2003, Podesta served as White House chief of staff to former US president Bill Clinton. [Bio] [10]
William K. Reilly, ClimateWorks founding chair, is a founding partner of Aqua International Partners, a private equity fund that invests in corporations engaged in water and renewable energy. He also serves as a senior advisor to TPG Capital, an international investment partnership. Demonstrating how prestigious titles and appointments readily overlap, Reilly served as the administrator of the U.S. Environmental Protection Agency (1989-1993), president of the World Wildlife Fund (1985-1989), president of The Conservation Foundation (1973-1989), and director of the Rockefeller Task Force on Land Use and Urban Growth (1972-1973). [Bio] [11]
The ClimateWorks board chair is Susan Tierney, senior advisor for the Analysis Group, specializing in the electric and gas industries. Tierney serves as vice-chair to the board of the World Resources Institute. A former assistant secretary for policy at the U.S. Department of Energy, she is chairman of the board of the ClimateWorks’s regional network partner,the Energy Foundation, and a co-chair of the National Commission on Energy Policy. [Bio] Tierney also serves on the Clean Air Task Force (CATF). “CATF’s Decarbonized Fossil Energy work aims to enable global energy system decarbonization by 2070. CATF works towards this goal by developing and advocating for policies aimed at making carbon capture technologies cost competitive with using dirty fossil fuels for power generation and for use in the industrial sector, globally.” [Source] CATF is a member of the Carbon Capture Coalition.
The following institutions are also represented on the ClimateWorks board of directors: European Climate Foundation (the aforementioned Caio Koch-Weser), the William & Flora Hewlett Foundation (Larry Kramer), the David & Lucile Packard Foundation (Carol Larson), Stanford University (Pamela Matson and Franklin M. “Lynn” Orr), the Oak Foundation (Kristian Parker).
[ClimateWorks Board of Directors]Green New Deal Cosponsors – No Dissent Against CCS
“The amount of carbon dioxide released globally from energy use is staggering at 36 billion tonnes. For power plants that will continue to use coal and natural gas, carbon capture can mitigate CO2 emissions. Global industrial sources such as chemical, cement, iron and steel production account for approximately a fifth of all CO2 emissions, which cannot be mitigated through any other technology other than carbon capture and sequestration.”
— Our Efforts, CAFT website
The adoption of the FUTURE ACT (February 2018) by the US Congress, is driving industry forward via the expansion of the 45Q tax credits for carbon capture, utilization and storage (CCUS) projects. CCUS technology has also gained ground via other bills including the USE-IT Act. The USE-IT is making its way through U.S. Congress with unanimous votes via the U.S. Senate Committee on Environment and Public Works (EPW).
Under the new 45Q tax credit, projects are entitled to $35 per tonne of carbon captured and utilized for enhanced oil recovery and $50 per tonne for carbon captured and stored in geological storage. The previous credits were $10 and $20, respectively.
The USE-IT Act will serve to expand tax credits for oil, gas, and coal industries, while facilitating the construction of dozens of CO2 pipelines much like the previously discussed Alberta Carbon Trunk Line (ACTL). [ACTL status]
Although the Green New Deal proposal claims to advocate for vulnerable and frontline communities, the reality is the polar opposite with the USE-IT Act being allowed to commence forward by both US Senator Bernie Sanders and the Green New Deal co-sponsors.
In similar fashion, US Congresswoman Alexandria Ocasio-Cortez whose team helped craft the 2018 New Green Deal resurgence, has endorsed New York’s recently unveiled climate plan. The Climate Leadership & Community Protection Act has been heralded as “moonshot”, “historic” and “one of the World’s Most Ambitious Climate Plans”. The plan promises more than a tripling of solar by 2025. The percentage of NYC electricity from solar in 2019? 1.40%. The plan does not discount the use of carbon capture and storage.
Akin to the Stop the Keystone Campaign paving the way for Warren Buffet’s 21st century rail dynasty to take hold (crude via rail) – all while Buffett’s family foundation (NoVo) pumps tens of millions into Tides, the foundation that oversees the anti-pipeline campaigns. Akin to Willett Advisors, the investment arm for the personal and philanthropic assets of Michael Bloomberg, specializing in oil and gas – which has displaced coal – all while Bloomberg funds the Beyond Coal campaign to the tune of hundreds of millions. Capitalism never sleeps. Today the climate “movement” keeps all eyes on the “climate emergency” mobilizations as the carbon capture storage and all other false solutions gain traction – far away from the public eye.
“I’ll require those technologies — anything from high-performance solar cells and technologies to improve energy efficiency in buildings to energy storage and clean carbon-capture technologies — to be made right here in the United States by American workers.”
— U.S. Green New Deal co-sponsor Kirsten Gillibrand (D-NY), July 25, 2019
“The adoption by Congress of the FUTURE Act in February was a major step toward ensuring that carbon capture, utilization and storage (CCUS) can be an important tool in the kit for addressing global warming.”
— Kurt Waltzer, Clean Air Task Force (CATF), June 22, 2018 [12]
The U.S. Senate Committee on Environment and Public Works (EPW) ties into the Green New Deal via the minority member list of the EPW; senators Bernie Sanders, Cory Booker, Kirsten Gillibrand, and Ed Markey – the four co-sponsors of the Green New Deal resolution. [Source]
On Wednesday February 27, 2019, Kurt Waltzer, Managing Director for the Clean Air Task Force (CATF), discussed the USE-IT Act at the EPW meeting as one of three speakers representing industry. CATF is a leading advocate for CCS and so-called clean coal technologies.
While Republican and Democrat co-sponsors asked questions, no questions were forthcoming from the three co-sponsors of the Green New Deal who were in attendance: Booker, Gillibrand, and Markey. Sanders did not attend the vital meeting. The next EPW meeting to push the USE-IT Act bill through legislation would take place April 10, 2019. On this occasion, Booker, Gillibrand, Markey and Sanders did not attend either. To date, the CCUS bill has been voted upon three times – each time unanimous. [Source: Office of US Senate Environment and Public Works Committee and Michael Swifte]
“I try to direct folks to the fields of contestation where authentic resistance ought to happen. Where silence falls in the wake of inaction. You would think 600 enviro groups could convince four Green New Deal co-sponsors to actually go to the Senate committee meetings they’re paid to attend and vote according to their supporters’ fervent aims.”
— Australian activist Michael Swifte
The “Enhancing Fossil Fuel Energy Carbon Technology” (EFFECT) Act (introduced on April 11, 2019), if passed, will authorize a full suite of carbon, capture, utilization, storage, and removal technology programs.
“‘The EFFECT Act would help bring carbon capture and utilization technologies to bear. In promoting an all-the-above energy approach, the United States must tap into its fossil fuel resources in the most clean, efficient manner possible.”
— April 11, 2019
In addition to the adoption of the FUTURE Act and the USE-IT Act there are at present a minimum of eight additional bipartisan acts that will enable a future of carbon capture, utilization and storage (CCUS) – if allowed to succeed in the US Congress:
- Energy Innovation and Carbon Dividend Act
- Financing Our Energy Future Act: “Newly eligible energy resources would include solar, wind, hydropower, marine and hydrokinetic energy, fuel cells, energy storage, combined heat and power, biomass, waste heat to power, renewable fuels, biorefineries, energy efficient buildings, and carbon capture, utilization and storage (CCUS).” Endorsers include Ceres, Natural Resources Defense Council (NRDC), and National Wildlife Federation. [Full list]
- Enhancing Fossil Fuel Energy Carbon Technology Act
- Carbon Capture Improvement Act
- Carbon Capture Prize Act
- CarbonCapture Modernization Act
- Launching Energy Advancement and Development through Innovations for Natural Gas Act of 2019
- Fossil Energy Research and Development Act of 2019
At this same time, as part of the bipartisan Carbon Dividend Act and Baker-Schultz Plan, a “climate liability waiver” is being sought for big polluters.
The Hewlett Foundation is a supporter of the Clean Air Task Force. [Source]
[Further reading: Extractivism is Winning and the Green New Deal is the Perfect Distraction, February 6, 2019] [Further reading: The Green New Deal Has an AFL-CIO Problem, January 7, 2019]“Solving the problem will likely also require large investments in “negative emissions”—chiefly carbon capture and storage, soil carbon sequestration, and afforestation, but possibly also direct air capture or geoengineering”.
— Hewlett Foundation, Climate Initiative strategy 2018-2023
“This is the era of Bana and now Greta; it is the digital age of internet marketing, a tool even for ISIS. And the age of an american populace searching for environmental solutions at the Ben & Jerry’s ice cream section of the super market. Or at the Prius dealership. There are no capitalist solutions. Full stop. Indulging this stuff is an absolute waste of time. The Green New Deal et al….waste of time. The environmental crises is real but obscured by western media, not clarified. Education is critically important, and stopping the extreme privilege of the elite class. Equality is the real green.”
— Imperialism and the Stupid Show, June 11, 2019
The Global CCS Institute
“The evidence makes it clear. CO2 needs to be removed from the atmosphere, known as carbon dioxide removal (CDR), using negative emissions technologies (NETs) to meet global warming targets. Bioenergy with carbon capture and storage (BECCS) is emerging as the best solution to decarbonise emission-intensive industries and sectors and enable negative emissions.”
— Bioenergy and Carbon Capture and Storage, The Global CCS Institute, March 14, 2019
“The Institute has a unique and unrivalled membership including governments, global corporations, private industry and academia. Amongst its representation, are the governments of the United States, the United Kingdom, China, Japan and Australia, and multinationals such as Shell, ExxonMobil, Toshiba, Kawasaki and BHP.”
— The Global CCS Institute website
The Global CCS Institute is “the world’s leading authority on carbon capture and storage (CCS) – an international climate change organisation whose mission is to accelerate the deployment of CCS as an imperative technology in tackling climate change and providing energy security.” Following the announcement of the institute by the Australian Government in September 2008, Norway and the UK announced their support for the project as did WWF. Masdar (Abu Dhabi), The Climate Group, Anglo American and Shell International would become the founding partners as would Alstom, Mitsubishi Corporation, Rio Tinto Ltd, Services Petroliers Schlumberger, and Xstrata Coal. The institute was formally launched in April 2009. [13]
With a team of approximately 40 professionals, its diverse international membership includes “governments, global corporations, private companies, research bodies and non-governmental organisations; all of whom are committed to CCS as an integral part of a clean energy future. Amongst its representation, are the governments of the United States, the United Kingdom, China, Japan and Australia, and multinationals such as Shell, ExxonMobil, Toshiba, Kawasaki and BHP.” The Global CCS Institute is headquartered in Melbourne, Australia, with offices in Washington D.C., Brussels, Beijing, London and Tokyo. [Source] [Source]
Serving as an international advisor to the Global CCS Institute is Nicholas Stern.
From 2000-2003, Stern served as chief economist and senior vice president to the World Bank. He currently serves as the IG Patel Professor of Economics and Government and has served as chair of the Grantham Research Institute since its inception in 2008. From 2003-2007, Stern was head of the Government Economic Service and Adviser to the UK Government on the Economics of Climate Change and Development, reporting to the Prime Minister. In 2006, he authored the Stern Review on the Economics of Climate Change which received international attention. From 2004-2005, he oversaw the Report of the Commission for Africa. [Bio][Source]
In addition to his extensive background [14], most notably, Stern serves as co-chair to the Global Commission on the Economy and Climate – now the New Climate Economy. Discussed in ACT V of the Manufacturing Consent series, the New Climate Economy is at the helm of the “fourth industrial revolution” with the World Economic Forum and the World Resources Institute. Stern also serves as commissioner to the Energy Transitions Commission and has been selected to serve as a One Planet Lab member, the aforementioned high-level advisory group steered by the French Government.
Global CCS Institute strategic partners include:
The links for the majority of the Global CCS Institute annual membership lists no longer exist, however, the 2014 and 2015 membership (375 members for both 2014 and 2015) can still be accessed. [Global CCS Institute 2014 membership, Global CCS Institute 2015 membership] Collaborating participants in 2014 include the European Commission, the International Energy Agency, the International Energy Forum, OPEC and the World Bank.
“The International Energy Agency has established that carbon capture and storage (CCS) is a critical component in reducing greenhouse gas (GHG) emissions.”
— United States Energy Association Briefing, May 16, 2019
The requirement to keep our suicidal living arrangements intact is made clear:
“CCS is endorsed by the highest echelons of science and academia which confirm that it is the only mitigation technology able to deeply decarbonise large industrial sectors. CCS is the only technology capable of reducing large-scale emissions from myriad industrial sources, particularly the gigantic steel, cement and petrochemical industries.”
“CCS is the only technology able to curtail emissions from the more than 500 new coal plants currently being built around the world (and the additional 1000 in planning). In the IEA’s Sustainable Development Scenario, around 210 gigawatts of coal plants are fitted with CCS globally, 150 GW of which are in China.”
— The Global CCS Institute [Emphasis added]
BECCS (Bioenergy with Carbon Capture and Storage) refers to the application of CCS to bioenergy production. The marketing of BECCS promises large-scale negative emissions when CCS is applied to the “transformation” (death) of trees and crops (to be largely genetically engineered and planted using drones) into energy fuels. The Global CCS Institute supports BECCS alongside organisations including the Royal Society, the International Energy Agency, Stanford University and Imperial College London (amongst others). [Source: The Global CCS Institute]
“[F]or BECCS technology to be truly effective in reducing CO2 emissions, massive tracts of arable land need to be cultivated and these are not always available, or easily utilised.”
“In a recent reality check, scientists estimated what it would take to sequester 1 billion tonnes of carbon using BECCS based on switchgrass feedstock. Their findings showed a startling 218-990 million hectares of land would have to be converted to switchgrass (which is 14-65 times as much land as the US uses to grow corn for ethanol); also 17-79 million tonnes of fertiliser a year – which would be 75% of all global nitrogen fertiliser used at present; and 1.6-7.4 trillion cubic metres of water a year.”
— ‘Uncertainties’ is an understatement, when it comes to BECCS, November 10, 2014
As the tireless Rachel Smolker, co-director of Biofuelwatch, has argued for the past decade, “the carbon consequences of bioenergy [are] far from “climate friendly” or “carbon neutral,” a myth that has been perpetuated by industry proponents and even parroted by many naive environmentalists.” [Source] Yet Smolker’s reference to “naive environmentalists” is far too kind. The truth is, most naive environmentalists are not environmentalists at all. They are lobbyists presented as environmentalists (via framing and spectacle), well rewarded and financially compensated for their “activism”. An activist fights to protect nature – not lobbies to destroy it. [Last-ditch climate option or wishful thinking?, Bioenergy with Carbon Capture and Storage, 2015 BECCS Report, Smoke and Mirrors Report.]
The Land is Sacred
Guatemala: Petén at the center of the sustainable development plans of the NGOs, March 22, 2019
“Both by origin and by position in capitalist society, worker and peasant are blood brothers.”
— The Coalition of the Working Class and the Peasantry under Capitalism [Source]
Once upon a time, environmentalism actually meant the defence of the natural world. The soil, the microorganisms. The water. Everything that the natural world offered in all of her glory. Then came a very dark time, when environmentalism came to encompass the defence of an economic system that benefited the few. Today, we witness the “herding of cats” (GCCA) mobilized to further destroy the environment – under the guise of a climate change emergency. The spectacle repackages and presents the tragedy as environmental activism.
“We distinguish between large-scale violence linked to armed conflicts (civil, guerrilla or international) rooted in struggles over natural resources, and that aimed at individuals or particular communities or groups of individuals due to their acts of resistance and/or protection of their land or environmental rights. Environmental defenders currently face a wave of violence that includes threats of physical harm, intimidation and criminalization. We focus on the deaths of environmental defenders.”
— The Supply Chain of Violence, August 2019, Nature
In 2019, the words “activist” and “environmentalist” have become commodified and meaningless. It’s past time to replace them both with one term that cannot be subjected to rebranding or reframing – land defenders. The act of defending the natural world by any means necessary. There is a reason that land defenders in occupied countries continue to be murdered, rather than featured on the covers of Vogue and GQ. The reason being – they pose a threat to the very system orchestrating the spectacle that we are currently subjected to. “In 2017, at least 185 environmental and land defenders were killed. Of these, Indigenous peoples died in higher numbers than any other group.” [Source] August 5, 2019: “At least 1,558 people in 50 states were killed between 2002 and 2017 while trying to protect their land, water or local wildlife.” [Source] None of these land defenders, prior to their executions, were given international press coverage, let alone presented as heroic by the media. None were bolstered to international fame. None were featured on the cover of Time magazine, or lavished praise by heads of state, the World Bank or CEOs.
To a society made oblivious and subservient by the spectacle, violence and death upon the marginalized “other” is normalized, while all the glaring contradictions go undetected, or worse, disregarded.
+++
Here we must recall that the term “net zero” does not mean zero emissions – and that the term “100 percent renewable energy” generally refers to electricity which constitutes approximately 20 percent of total energy use. To be clear, approximately 80% of total energy usage is not electricity. Therefore, to keep the engine of global industrialization running – in order to maintain current power structures – CCS and negative emissions technologies (NETs) are a requirement. All the rest is more or less storytelling. The CCS/NETs fantasy is what the ruling classes hope will keep the populace entrenched in the false belief that our planetary crises can be resolved within the global capitalist framework. To rub salt further into the wounds of disenchantment, in many instances, the largest component of the aforementioned 20% which is categorized as “renewable energy” – is actually biomass. The destruction, death, chipping and burning of the planet’s last remaining forests – along with all the biodiversity they once held.
More key “solutions” to be implemented by the world’s largest corporations are investments into “green” energy for electricity (with biofuels at the forefront) coupled with “certified environmental projects” (carbon offsets).
“It is impossible to radically cut emissions right away – but it is possible to neutralize our global annual co2 emissions of 3.3 million metric tonnes in the short term…”
— May 10, 2019 climate change video, BoschGlobal
“These organizations’ concept of conservation can be seen as part of the neoliberal model, given the way in which Protected Areas are viewed economically. If the State wants to conserve, it has to pay to do so.”
— Guatemala: Petén at the center of the sustainable development plans of the NGOs, March 22, 2019
An Astronomical Injection of Money into Climate Messaging
“In September 2018, in the largest-ever philanthropic investment focused on climate change mitigation, 29 philanthropists pledged USD 4 billion over five years to combat climate change. Oak has pledged USD 75 million. This represents a broad global commitment to accelerate proven climate and clean-energy strategies, spur innovation and support organisations around the world to protect the air we breathe and the communities we call home.”
Since 2009, the Oak Foundation has channeled a phenomenal amount of funding into ClimateWorks and designated climate change initiatives via selected NGOs. A partner in the ‘Design to Win’ platform for climate philanthropy, Oak is represented on both the ClimateWorks and ECF boards. Prior to the Oak’s 75 million USD commitment to ClimateWorks announced on September 14, 2018, Oak had gifted this same amount to ClimateWorks in 2014. [Source] The September 14, 2018 announcement of a 4 billion USD pledge by 29 foundation/philanthropies [15] would represent the largest philanthropic investment in climate mitigation in history.
The largest recipient of Oak funding is ClimateWorks ($167 million), followed by the European Climate Foundation ($41 million), WWF ($24 million), Climate Nexus, a sponsored project of Rockefeller Philanthropy Advisors ($17 million), Human Rights Watch ($13 million) and Greenpeace ($10.5 million). There is an imperative here to understand that these organizations are the key to the behavioural change for the global populace – change sought and heavily financed by foundations. (Of special interest is the funding emphasis on NGO campaigns in Brazil. [16])
Here, it is wise to pause and reflect upon the fact that the astronomical aforementioned funding from the Oak Foundation to the aforementioned handful of NGOs represents only the monies received from a single foundation – not taking into account the monies received from a multitude of other foundations. Further, the few NGOs identified in Oak’s grantee list, represent a tiny handful of organizations and accompanying grants – out of hundreds and thousands. One could rightly muse that the non-profit industrial complex is the largest army in the world.
The pledge of 4 billion USD announced on September 14, 2018, “the largest-ever philanthropic investment focused on climate change mitigation” (ClimateWorks press release), demands that one takes a closer look at the foundations aligning their interests, led by ClimateWorks. Backers include Bloomberg Philanthropies, Grantham Foundation, IKEA Foundation, John D. and Catherine T. MacArthur Foundation, Rockefeller Brothers Fund, Sea Change Foundation, Sir Christopher Hohn and The Children’s Investment Fund Foundation (CIFF), the David and Lucile Packard Foundation, the Turner Foundation and the William and Flora Hewlett Foundation. [Full list]
Of these foundations most, if not all, are aligned with the existing Blended Finance Taskforce, or the blended finance vehicle being developed under the auspices of the Climate Finance Partnership (announced September 26, 2018 at the One Planet Summit). The blended finance vehicles have been identified as the key to mobilize institutional capital for climate infrastructure in the developing world, by unlocking public funds. This 4 billion dollar “commitment” must be recognized as not a gift, but rather as an investment in their own expanding fortunes. Indeed, the press release itself cites the 4 billion as an investment. Today’s “climate wealth opportunity” is an opportunity for “philanthropists” to expand their epic largesse accumulated via the exploitation of labour coupled with the destruction of the natural world. Through the magic of language and framing, the money captured from the citizenry is repackaged as a gift from those that stole it. Criminals repackaged into divine beings via the media construct and societal conditioning.
“This initiative is a breakthrough, and very welcomed by civil society. Political leaders need to feel the pressure from their constituencies to prioritize action on climate change. By supporting a strong base of mobilizers, influencers and change agents in local communities around the world, this commitment can help accomplish that.”
—Wael Hmaidan, executive director of Climate Action Network (CAN) International, Philanthropic Community Announces $4 Billion Commitment to Combat Climate Change, September 14, 2018 [Emphasis added]
One may wonder how foundations have acquired these billions of dollars. Wael Hmaidan, executive director of Climate Action Network (CAN) International (quoted above) was an invitation only participant of the Climate Briefing Service (CBS) at COP15. A service created in order to control and dominate the communications, talking points and narrative on climate change. [A Decade of Social Manipulation for the Corporate Capture of Nature – Crescendo]
One grantee of the CBS was The Children’s Investment Fund Foundation (CIFF). We will explore it briefly.
The Children’s Investment Fund Foundation
In 2003, investor and hedge fund manager Christopher Cooper-Hohn founded the very private and exclusive Children’s Investment Fund (TCI), “a successful — and controversial — hedge fund that has become a gadfly to corporate giants like CSX, the American railroad.” Cooper’s then spouse, Jamie Cooper-Hohn, would oversee the affiliated charity, the Children’s Investment Fund Foundation (CIFF). The Children’s Investment Fund Foundation was financed by a portion of the fund’s fees generated by the hedge fund in order to finance the foundation. CIFF received its initial funding as donations from The Children’s Investment Fund Management which manages the London-based hedge fund.
“The marriage of business and philanthropy that is at the heart of the Children’s Investment Fund and the Children’s Investment Fund Foundation provides a great tool to effect serious change in the developing world.”
— Former US President Bill Clinton, 2006 [Source]
“We are on the cusp of a sea change,” she said, citing a large increase in new wealth, the changing role of the state and the emergence of private equity and hedge fund donors as factors driving that change.”
— Susan Mackenzie, Philanthropy UK, 2006
In 2004, the fund generated returns of between 42 to 44% (depending on the class of share invested in). Returns for 2005 were 50 to 52%. [Source] In 2008, the New York Times reported that investors who had been with the fund since the beginning were rewarded with a 42% annual internal rate of return. In 2013, TCI’s flagship Master Fund generated a whopping 47% return representing one of the highest performing hedge funds in the world. Again, in 2016 it was reported that the “TCI Enjoys Record Year With 47% Return”.
“Competitors praise Mr. Hohn’s business model for the hedge fund. ‘Hohn is a marketing genius,’ said a hedge fund manager. ‘Who wants to go up against a firm whose name is the Children’s Investment Fund?'”
— New York Times, November 13, 2006
The New York Times would also report that “about 90 percent of the Children’s Investment Fund Foundation’s assets are reinvested with T.C.I.”, adding a quote by Jamie Cooper-Hohn: “It is hard to match those returns with any other investment. I may have a biased perspective, but we have one of the best investment firms in the world taking care of our capital.”
“TCI’s returns were fueled by its investments in the British Royal Mail, which went public last year, News Corp. and European Aeronautic Defense and Space, the parent of airplane-maker Airbus.”
Following the divorce of the Cooper-Hohns in 2014, the firm no longer contributes to the children’s charity as per the fees built into the original business model (that funneled money into CIFF, the charitable arm of TCI), but instead makes contributions on a discretionary basis.
“Hohn — whose net worth was recently pegged at $3 billion by Forbes — returned to activist investing and through TCI bought large stakes in Australian railway company QR National, Japan Tobacco and News Corp. Today, the fund also maintains large stakes in telecommunications company Charter Communications, European plane manufacturer Airbus and global agricultural firm Syngenta.”
— The billion-dollar bankroller, October 1, 2018
In 2018, TCI’s steady and enormous returns crashed. January 11, 2019, ‘Extraordinary’ Month Heaps Further Pain on Hedge Funds:
“Activist investor Chris Hohn of TCI Fund Management Ltd., who has never lost money in a year except for 2008, saw a 7 percent loss in December that erased nearly all of his gains for 2018, according to a letter to investors seen by Bloomberg.”
With capitalism “in danger of falling apart” (July 27, 2014, Al Gore) and global economic growth “now in free fall“ (Globe & Mail, January 3, 2019), again, it must be painfully reiterated that the global climate change mobilizations are not being orchestrated and propelled for the purpose of “saving the planet”, rather, the mobilizations have been designed and encouraged for the sole purpose of saving capitalism. To save the world’s billionaires from the horrific fate of being equal to the wage worker that they exploit.
“The most important principle that I have about having an impact is that the people who have their hands on the various levers of power to change things have got to consider this an emergency. That this is a crisis situation, and if we don’t resolve it well, we are going to have a serious situation.”
— Ray Dalio, founder of the world’s Bridgewater Associates, the world’s largest hedge fund with $160 billion in assets, April 25, 2019 [17]
December 12, 2017, the One Planet Summit at the Elysée palace in Paris: French President Emmanuel Macron (3rdR) meets with English investor Christopher Hohn (L), US businessman and politician Michael Bloomberg (2ndL), US entrepreneur Bill Gates (behind Bloomberg), British entrepreneur Richard Branson (4thL), US businessmen CraigMcCaw (R) and Nat Simons (2ndR), US technical expert Eric Gimon (5thR) and President of Virgin Unite, Jean Oelwang (7thR) AFP PHOTO / CHRISTOPHE ARCHAMBAULT
Like Al Gore’s Generation Investment, whose own holdings fail to reflect his feigned concern over climate and poverty in the Global South (which his investments exacerbate), TCI’s holdings are in railway (an industry which has experienced a spectacular revival due to the transport of oil via rail led by both Warren Buffet and Bill Gates), Google/Alphabet, communications (television, media, cable) and chemicals – while the charitable arm – the CIFF – is firmly entrenched in colonial mindset, with a focus on “family planning” in the Global South.
May 8, 2017: “Pfizer Inc., the Bill & Melinda Gates Foundation, and the Children’s Investment Fund Foundation (CIFF) today announced a multi-year extension of their collaboration to further broaden access to Pfizer’s all-in-one injectable contraceptive, Sayana® Press (medroxyprogesterone acetate), for women most in need in some of the world’s poorest countries.”
Working with the Gates Foundation, the Clinton Foundation and others, CIFF is focused on managing the reproductive rights of women and girls in the Global South using “Long-acting Reversible Contraceptives” (LARCs). This is not about women’s rights, rather it is about dominance, control and white supremacist values/ideologies. Of course, it is also about profits and new markets: “By the end of 2016, 6.4 million units of Sayana Press were shipped to 20 developing world countries, potentially reaching more than 1.5 million women – up from 350,000 women at the end of 2014. Pfizer is continuing to make investments in its manufacturing facilities to meet the expected increase in market demand.” [Source]
The contraceptive injection contains a progestogen hormone called depo medroxyprogesterone acetate (DMPA). Studies convey that DMPA can raise the risk of HIV infection in exposed women by approximately 40%. Depo-Provera is the injected contraceptive encouraged and supplied by imperial NGOs, corporations and institutions such as WWF, Johnson & Johnson and USAID. Sayana Press is very similar to Depo-Provera and also contains DMPA. The injections are required every 12 weeks. Infertility and bone density loss are just two more of the many associated health risks of DMPA/LARCs.
CIFF has committed 43 million USD “to create a sustainable global market for Sayana Press to increase access to an innovative contraceptive choice for girls and women”. Partners in this venture targeting Sub-Saharan Africa and South Asia include Concept Foundation, Crown Agents, DKT International, FHI360, JSI, Marie Stopes International, PATH, Pfizer and The United Nations Population Fund. Other funders of the colonial project include Bill & Melinda Gates Foundation, DFID, UNFPA and USAID. [Source] [November 18, 2016: “Nearly half a million doses of Sayana Press (DMPA-SC in Uniject) administered in four countries: As access to Sayana® Press (subcutaneous depot medroxyprogesterone acetate, or DMPA-SC in Uniject™) expands globally, PATH has monitored product consumption in four pilot introduction countries: Burkina Faso, Niger, Senegal, and Uganda.”] [Source]
An uncomfortable yet necessary question is required at this juncture. How many teenage climate strikers in Sweden, Belgium, Paris, inclusive of young Greta Thunberg, are receiving Sayana Press or Depo-Provera injections in response to over population concerns and “innovative contraceptive choice for girls and women”? The question of course is rhetorical, as we all know the answer: none.
The image above demonstrates what populations are unequivocally responsible for the bulk of global greenhouse gas emissions. This is not new information. Rather, like the Indigenous led People’s Agreement of Cochabamba, produced in 2010, the paper and contents were ignored, marginalized and made invisible.
“The world’s richest half-billion people are responsible for 50 percent of the world’s carbon dioxide emissions.”
— Consumption Dwarfs Population as Main Environmental Threat, April 13, 2009
In 2007, Professor Stephen Pacala of Princeton University calculated the emissions per person based on 6.5 billion people. He concluded that the wealthiest 15% emit 75% of all global greenhouse gas emissions while the 3 billion poorest people emit essentially nothing. In the 2009 paper, Sharing Global CO2 Emission Reductions Among One Billion High Emitters, the authors highlighted that “one billion high emitters” was chosen as a metaphor for a globally coordinated attack on climate change.
“In contrast, the rich are really spectacular emitters. …the top 500 million people [7.5% of humanity] emit half the greenhouse emissions. These people are really rich by global standards. Every single one of them earns more than the average American and they also occur in all the countries of the world…
“Pacala’s data shows the globally wealthy could solve the crisis. Most importantly, it also shows there is absolutely no other way. Humanity must cut fossil fuel emissions massively and the only people who can cut global fossil fuel use to the extent needed are the wealthiest 15%. Furthermore, most of the cuts will need to be made by the wealthiest 7.5%, because they are using almost all of it. The globally wealthy must make the major reductions.” [Source]
Today, Pacala chairs a 24-member national committee (the Carbon Mitigation Initiative) calling for an immediate push for CO2-removal technology (NETs). [Source]
Showing the direct correlation between income/wealth and emissions, a 1996 study surmised that citizens in the U.S. who earned in excess of $75,000 generated nearly four times the CO2 emissions as those who earned less than $10,000. The authors of the book “A Climate of Injustice: Global Inequality, North-South Politics, and Climate Policy”, who cited this study, state that while comparing the disparities between nations was difficult, a single definitive observation could be made: “It can be said with confidence that the world’s richest people cause emissions thousands of times greater than those of the world’s poorest.” [Source]
Kevin Anderson, Professor of Energy and Climate Change at the Tyndall Centre for Climate Change Research, has stated in numerous lectures that 50% of the global greenhouse gas emissions are created by the world’s richest 1% (the Pareto 80:20 rule). Anderson recently detailed the huge potential reductions in carbon emissions if the world’s top 10% of emitters were forced to reduce their carbon emissions to the level of a typical EU citizen – global emissions would be cut by 33%. [Source] The not so invisible irony of this, not lost on Anderson, is that the 1% comprises the ruling classes in control of the global economy – inclusive of the policy makers, scientists, and all of those controlling the narrative. Under the very top tier (the billionaire and millionaire class) would be those who can afford to get on a plane.
At this juncture, we could discuss the high-level meetings being organized by the black supremacist bourgeoisie in the Global South in response to the planetary ecological crises being created by the richest 10% in the Global North. Those responsible for half of the global greenhouse gas emissions. Yet, we cannot, as there are none.
The CIFF Leadership
Today, Kate Hampton serves as the CEO of CIFF. As outlined earlier within this segment, Hampton serves as vice-chair to the supervisory board of the European Climate Foundation (ECF).
Hampton is a member of the FP2020 (family planning for brown people) Reference Group and has been featured in the top 100 Profiles of Paris, “a collection of stories from the key people who created the Paris Agreement” created by Christiana Figueres. Prior to serving CIFF, Hampton was Head of Policy at Climate Change Capital, a boutique investment firm with $1.5 billion under management. In addition, Hampton served as Head of the Climate Change Campaign for Friends of the Earth International. She has served as Senior Policy Advisor for the United Kingdom’s G8 and EU presidencies in 2005, and as a Sherpa to the EU High-Level Group on Competitiveness, Energy and Environment in 2007. In 2008, Hampton was named a World Economic Forum Young Global Leader. [Source]
Graeme Sweeney serves as the current Chairman of the Board for CIFF. Following a 35-year career at Royal Dutch Shell, which included heading its global renewable business, Sweeney is a founder of the Global Carbon Capture and Storage Institute. [Full bio]
In 2016, Mark Malloch-Brown stepped down as interim chairman and rotating off the CIFF board after five years as a trustee. Malloch-Brown is the founder of the International Crisis Group and Open Society Foundations Global Board Member. He is a former number two in the United Nations and has served in the British Cabinet and Foreign Office. Other positions served include World Bank vice president, lead international partner in a political consulting firm, and vice chairman of the World Economic Forum. Malloch-Brown is the co-founder and former chair of The Business and Sustainable Development Commission. On March 18, 2019, Malloch-Brown was appointed board member of the United Nations. [Full Bio] [CIFF Board of Trustees and Executive Team]
Other CIFF benefactors include C40 cities (Michael Bloomberg and Bill Clinton), an implementation partner of We Mean Business, with grants in the amount of 9,640,000.00, 24,300,000.00, and 6,522,000.00 USD. [Source] [Source] [Source]
A sum of 20.9 million USD has been granted by the CIFF to the European Climate Foundation, making it the single largest benefactor under the climate and energy category. [Source]
On a side note, Chris Hohn (CIFF), Tom Steyer (Next Gen), Richard Branson (The B Team, We Mean Business, The Elders, The Carbon War Room, etc.), Mark Benioff (Salesforce) – are all co-founders of the Breakthrough Energy Coalition. Launched in 2015 at the 2015 United Nations Climate Change Conference in Paris, the coalition has a keen focus on the expansion of nuclear.
On May 29, 2019, the European Commission announced the launch of a €100 million clean energy investment fund in partnership with Breakthrough Energy, the “Breakthrough Energy Ventures Europe.” In reality, outside of the spectacle,this partnership was already sealed on October 2017, 2018: European Commission President Jean-Claude Juncker: “We must push for the modernisation of Europe’s economy and industry in order to meet the ambitious targets put in place to protect our planet. Pooling public and private investment in new, innovative clean energy technology is key to enabling long-term solutions to reduce greenhouse gas emissions.“ Maroš Šef?ovi?,Vice-President of the Commission for the Energy Union, remarked: “The scale and speed of what is needed to reach our climate goals require innovative thinking and bold action. Not only is this new public-private investment vehicle being set up in record time, it will also serve as an example of us joining forces to accelerate breakthrough innovation in Europe.” The release added: “Breakthrough Energy Europe links public funding with long-term risk capital so that clean energy research and innovation can be brought to market faster and more efficiently… It is a pilot project that can serve as a model for similar initiatives in other thematic areas.” [Emphasis added]
It is worth observing that as of March 29, 2019, the TCI hedge fund was up 18%.
+++
In Volume II we take a closer look at the Climate Finance Partnership.
End Notes:
[1] The Price of Climate Action: Philanthropic Foundations in the International Climate Debate, 2016, Edouard Morena, Bartosiewicz and Miley. p. 51] [2] ClimateWorks grantors: 2009, 2010, and 2011 annual reports:- Arcadia Fund
- Children’s Investment Fund Foundation
- Dutch Postcode Lottery
- Elizabeth Simons
- Ford Foundation
- Gordon and Betty Moore Foundation
- Grantham Foundation for the Protection of the Environment
- Grousbeck Family Foundation
- Heising-Simons Foundation
- John and Ann Doerr
- Kresge Foundation
- Mark Heising
- McCall MacBain Foundation
- Meher Pudumjee
- Mertz Gilmore Foundation
- Oak Foundation
- Pirojsha Godrej Foundation
- Pisces Foundation
- Robertson Foundation
- Rockefeller Foundation
- Schmidt Family Foundation
- Stiftung Mercator
- Stordalen Foundation
- Tilia Fund
- TomKat Charitable Trust
- TOSA Foundation
- United Nations Environment Programme—Global Environment Facility
[3] The concept of the Energy Foundation “came from three recently appointed foundation presidents—Peter Goldmark (Rockefeller Foundation), Rebecca Rimel (Pew Charitable Trusts) and Adele Simmons (MacArthur Foundation)… Having validated the business plan, the three foundations proceeded to officially launch the EF in 1991 through a combined promissory grant of 20 million USD. By 1998, contributions to the EF were in excess of 100 million USD.” [Source: The Price of Climate Action-Philanthropic Foundations in the International Climate Debate, 2016, Edouard Morena, p. 45] [4] ClimateWorks regional partners:
1) CLIMATE AND LAND USE ALLIANCE (CLUA): a “donor collaborative” of 6 foundations focused on forests and sustainable land as a means to “combating climate change”. Hosted at ClimateWorks Foundation, CLUA was established in 2006 by founding members ClimateWorks Foundation, Ford Foundation, Foundation, David & Lucile Packard, and the Gordon & Betty Moore Foundation. CLUA was later joined by Margaret A. Cargill Philanthropies (MACP) and Good Energies Foundation. It works not in the US, but in Brazil, Indonesia, Mexico and Central America while simultaneously pursuing “a complementary global agenda of promoting policies, programs and finance in favor of sustainable land use.” [Source: Rockefeller Philanthropy Advisors]
2) ENERGY FOUNDATION CHINA (EF China): a program of the Energy Foundation with a focus on in the eight sectors of buildings, electric utilities, environmental management, industry, low-carbon development, renewable energy, sustainable cities and transportation. An English website.
3) ENERGY FOUNDATION (EF): Founded in 1991, the EF programs focus on making the buildings, power, and transportation sectors more efficient, and on advancing policy solutions that build markets for clean energy technology. Grantees include business, health, labor, environmental, faith, property-rights, and consumer groups, as well as military organizations, think tanks, and universities.
4) EUROPEAN CLIMATE FOUNDATION (ECF): Founded in 2008, the ECF was launched as “a major philanthropic collaboration” to promote climate and energy policies that position Europe as an international leader role in climate mitigation.
5) INICIATIVA CLIMATICA DE MEXICO (ICM): The ICM programs focus on decarbonizing the electricity sector, low-carbon transportation, and national climate policy.
6) INSTITUTO CLIMA E SOCIEDADE (ICS): “a hub for philanthropy in Brazil, providing grant support to civil society, academic, and government institutions and convening diverse stakeholders to catalyze action on climate policy, clean and efficient electricity, and urban mobility.”
[5] Full text: “And here, too, the solution was ingenious. To begin, they proposed to create a central hub—the ClimateWorks Foundation—which would serve as grantor of funds to a coordinated global network. The network, in turn, consisted of two sorts of organizations. First, there were “regional climate foundations” or RFCs. RFCs had expertise in particular geographies and would serve as regrantors of funds from ClimateWorks to the most appropriate NGOs for particular work. There was, for example, the Energy Foundation in the U.S., the European Climate Foundation (or ECF) in Europe, Energy FoundationChina in China, Shakti Sustainable Energy Foundation in India, Latin America Regional Climate Initiative (LARCI) in Latin America, and Climate and Land Use Alliance (CLUA) in Indonesia (though it also works in Central and South America). A second set of organizations were called “best practices networks” or BPNs. These brought expertise in particular sectors, one in each sector for a total of seven. So, there was the International Council on Clean Transportation (ICCT), and the Institute for Industrial Productivity, and so on. To work on transportation in Europe, then, ClimateWorks would simply channel money to ECF and ICCT to work together on the problem.”— Smith Celebration Lecture, February 7, 2017, Larry Kramer, President William & Flora Hewlett Foundation [6] “The Jeremy and Hannelore Grantham Environmental Trust was formed in 2005 by Jeremy Grantham, Co-Founder and Chief Investment Strategist of Grantham, Mayo, Van Otterloo (GMO) and his wife Hannelore. GMO currently manages approximately $80 billion in a variety of strategies for institutional investors. The Trust is a 501(c)(3) public charity and a Type II 509(a)(2) supporting organization that supports charities whose mission is environmental protection. Its endowment is approximately $250 million and its trustees include representatives from The Nature Conservancy, The World Wildlife Fund-US and Rare in addition to Jeremy and Hannelore Grantham.” [Source] [7] Interview with CATF founder Armand Cohen in 2013: https://www.openphilanthropy.org/sites/default/files/Armond_Cohen_7-23-13_%28public%29.pdf [8] “For his part, philanthropist Michael Bloomberg via his foundation and other donations is estimated since 2011 to have devoted $164 million to political and legal campaigns to shut down coal-fired power plants in the United States and he recently announced an additional $50 million in funding to expand such efforts to other countries.” (Carrington, 2017) [Source] [9]
- Barr Foundation
- Bloomberg Philanthropies
- Bullitt Foundation
- Dee & Richard Lawrence and OIF
- Grantham Foundation
- Growald Family Fund
- Heising-Simons Foundation
- IKEA Foundation
- Ivey Foundation
- John D. and Catherine T. MacArthur Foundation
- Joyce Foundation
- KR Foundation
- Kresge Foundation
- McKinney Family Foundation
- McKnight Foundation
- Oak Foundation
- Pirojsha Godrej Foundation
- Pisces Foundation
- Rockefeller Brothers Fund (RBF)
- Sea Change Foundation
- Sir Christopher Hohn and The Children’s Investment Fund Foundation (CIFF)
- The David and Lucile Packard Foundation
- The Educational Foundation of America
- The George Gund Foundation
- The Grove Foundation
- The JPB Foundation
- Turner Foundation
- William and Flora Hewlett Foundation
- Yellow Chair Foundation
“Prominent funders included the Gordon and Betty Moore, Sea Change, Hewlett, and Packard foundations on the larger end, and smaller thought-leader funders such as the Rockefeller Brothers and Rockefeller Family philanthropies and the UN Foundation.” [p. 6: ClimateWorks Foundation: Lessons in Leadership and Learning December 2015, Source] [16] This Oak funding included 2.65 million to assist Climate Works in support of Instituto Clima e Sociedade which has separately received more than 5 million from Oak since 2018 to set up as a climate grantmaking organization in Brazil. Also notable is the 800K given to Purpose Climate Lab in Brazil.” [Source: www.oakfnd.org/assets/oak-foundation_-all-currrent-grants_latest-update-22.02.2019.pdf] [17] Ray Dalio is the founder of the world’s biggest hedge fund. Bridgewater Associates has $160 billion in assets. In 2018 its largest fund rose 14%, even as hedge funds broadly lost an average of 6%. Dalio himself has a net worth north of $18 billion. [Source]
[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 Green, The Art of Annihilation and Counterpunch. Her writing has also been published by Bolivia Rising and Cambio, the official newspaper of the Plurinational State of Bolivia. You can support her independent journalism via Patreon.]
