From Tom Steyer to Nat Simons, billionaires have hijacked the environmental movement to line their own pockets. Hedge funds and billionaire investors with a line into government contracts, grants and loan guarantees have built relations with these lobby groups to influence government to ensure taxpayer largess flows to the green industries which they are invested in.
“This report helps answer the mystery of why the Sierra Club abandoned the mission of its founder John Muir, which was to protect this country’s most sacred nature resources,” noted Richardson. “When you see the hundreds of millions of dollars pumped through the Sierra Club for its war on coal – an effort that clearly benefits the very same people who are donating the money – it’s clear the Sierra Club is now just a mercenary force beholden to the highest bidder.”
The Energy Foundation, for example, was launched in 1991 by three extremely wealthy family foundations, including the Rockefeller Foundation.