Search This Blog

Image and video hosting by TinyPic

Friday, January 25, 2013

Exclusive: Billionaires secretly fund attacks on climate science


A secretive funding organisation in the United States that guarantees anonymity for its billionaire donors has emerged as a major operator in the climate "counter movement" to undermine the science of global warming, The Independent has learnt.

 

The Donors Trust, along with its sister group Donors Capital Fund, based in Alexandria, Virginia, is funnelling millions of dollars into the effort to cast doubt on climate change without revealing the identities of its wealthy backers or that they have links to the fossil fuel industry.

However, an audit trail reveals that Donors is being indirectly supported by the American billionaire Charles Koch who, with his brother David, jointly owns a majority stake in Koch Industries, a large oil, gas and chemicals conglomerate based in Kansas.

Millions of dollars has been paid to Donors through a third-party organisation, called the Knowledge and Progress Fund, with is operated by the Koch family but does not advertise its Koch connections.

Some commentators believe that such convoluted arrangements are becoming increasingly common to shield the identity and backgrounds of the wealthy supporters of climate scepticism – some of whom have vested interests in the fossil-fuel industry.
The Knowledge and Progress Fund, whose directors include Charles Koch and his wife Liz, gave $1.25m to Donors in 2007, a further $1.25m in 2008 and $2m in 2010. It does not appear to have given money to any other group and there is no mention of the fund on the websites of Koch Industries or the Charles Koch Foundation.

The Donors Trust is a "donor advised fund", meaning that it has special status under the US tax system. People who give money receive generous tax relief and can retain greater anonymity than if they had used their own charitable foundations because, technically, they do not control how Donors spends the cash.

No comments:

Post a Comment


Category

1915 Armenian Genocide 21st-century Christian martyrs‎ Al Qaeda Apostles Arab Christian Arab-Orthodox Archimandrite Tikhon Shevkunov Asia Australia BBC Belarusian Orthodox Church Bethlehem Bible movies Bulgarian Orthodox Church Byzantine C.I.A. Cairo China Christian Armenians Christmas Traditions Christmas tree Conspiracy Constantinople Documentary Easter Ecumenical Patriarch Ecumenical Patriarch Bartholomew I Ecumenical Patriarchate of Constantinople Elder Ephraim of Vatopaidi Elder Porphyrios Epiphany FREE Greetings Cards FREE books Fr Seraphim Rose Georgian Orthodox Church Greek Orthodox Church Greek Orthodox Easter Holy Fathers Holy Scripture Holy Tradition Internet Interview Italy Jesus Christ Middle East Miraculous Icon Mount Sinai Movie Trailers Orthodox Church in America Palestine Prophecy Russia Russian Orthodox Church Saints Shroud of Turin Son of God St Nicholas of Myra The Mount Athos Food Evolution UK Ukraine Ukrainian Orthodox Church Vatican Watch FREE full movie africa al assad albania anti-Morsi protests army bank bible bible translations bulgaria byzantine music christianity christians christmas church coptic church copts cyprus daily news economy egypt egypt pope elder elder Paisios elder joseph of vatopaidi english subtitles europe food france fyrmacedonia germany greece greek greek food greek music greek orthodoxy health and medicine icon iran islam islamist israel jerusalem jews jihad killed libya mafia monastery money mother of god mount athos music muslim muslims news orthodox church pakistan patristic tradition photo photos picture politics pope protests quotes recipes religion romania romanian orthodox church saint science spy syria theotokos travel turkey tv usa vatopaidi video war world
Related Posts Plugin for WordPress, Blogger...