03:12:31 EDT Fri 29 Mar 2024
Enter Symbol
or Name
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TransCanada Corp
Symbol TRP
Shares Issued 707,908,097
Close 2014-09-12 C$ 59.48
Market Cap C$ 42,106,373,610
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TransCanada opponents not as poor as they pretend

2014-09-15 17:02 ET - Street Wire

Also Street Wire (C-*CURRENT) Current Events

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by Stockwatch Business Reporter

A shadowy cabal of billionaires, hiding behind tax-advantaged charitable foundations, is showering money on purportedly homegrown green groups, according to a report by the Republican minority of the U.S. Senate Committee on Environment and Public Works (EPW).

The 92-page EPW report, released on July 30 and entitled "The Chain of Environmental Command: How a Club of Billionaires and Their Foundations Control the Environmental Movement and Obama's EPA," tears apart a common illusion about green groups: that they are grassroots citizens' efforts to bring down corporate bogeymen. The David-versus-Goliath angle is a core part of their fundraising. Yet these groups, says the report, are little more than willing mouthpieces for their billionaire backers, who rely on tax loopholes and an unknowing public to influence environmental policy.

The EPW report outlines how a group of incredibly wealthy far-left donors, which it dubs the "Billionaire's Club," finances many prominent environmental activists and nearly all the major environmental non-government organizations (NGOs), as well as several media outlets. In 2011 alone, says the report, 10 foundations linked to the Billionaire's Club donated $577-million -- over half a billion dollars. (Figures are in U.S. dollars unless otherwise noted.)

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Excellent article. I always suspected that the far left political agenda (via the environmental movement) was being financed by a corrupt tax code).It is ironic that the extremely wealthy are financing the far left. Who was it that said "capitalists will purchase the rope to hang themselves". Wake up billionaires; you and your idiot tax shelters are being duped!

Posted by struggling middle class at 2014-09-16 13:25


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