Largest US dark money network used by Group Leo DiCaprio to send grants through to fund climate lawsuits

Largest US dark money network used by Group Leo DiCaprio to send grants through to fund climate lawsuits

Updated: 3 months, 8 days, 5 hours, 3 minutes, 16 seconds ago

Grants reveal that a mysterious organisation that Leonardo DiCaprio and a number of significant progressive nonprofits funded and which funded climate litigation discreetly shifted to America’s greatest liberal dark money network.

Fox News Digital has learned that the Collective Action Fund, a clandestine organisation without a website, has subsequently changed its fiscal sponsorship to the New Venture Fund, a nonprofit incubator within a billion-dollar dark money network run by the consulting firm Arabella Advisors.

Fox News Digital previously revealed that the Hollywood star donated money to the Collective Action Fund for Accountability, Resilience and Adaptation, which at the time of DiCaprio’s 2017 donation was run by the Resources Legacy Fund (RLF). The law practise that is the target of numerous climate-nuisance cases around the nation received funding from the Collective Action Fund.

Fiscal sponsorship of the fund has been transferred to the New Venture Fund, according to RLF spokesperson Mark Kleinman, who verified this in an email to Fox News Digital. A representative for the New Venture Fund also confirmed the change.

So that advocates may concentrate on their purpose, the fiscal sponsor NVF offers operational and administrative support, including compliance, financial, back office, legal, and HR operations, the spokesman added. “We are honoured to support the vital work of Collective Action Fund.”

A representative for New Venture Fund told Fox News Digital, “New Venture Fund is an independent 501(c)(3) nonprofit supporting a wide variety of nonpartisan organisations working on issues related to the climate crisis.”

The fund finally changed fiscal sponsors from the RLF, which recorded only $40 million in donations in 2020, to New Venture Fund, which reported $965 million in anonymous contributions during the same year and has strong ties to significant Democratic Party contributors. Some of the most well-known left-wing philanthropists in the country use charities in the network administered by Arabella Advisors as a conduit to covertly support various causes and initiatives.

According to a Fox News Digital analysis of liberal foundation awards, the fund appears to have switched over to New Venture Fund in 2020, despite the fact that neither Kleinman nor the New Venture Fund representative specified when the transition took place and no official statement was made.

For instance, according to its tax documents, the MacArthur Foundation donated $3 million to the RLF’s Collective Action Fund in 2017. It gave the organisation two more grants in 2020 totaling $4 million, one of which was reported to the RLF and the other to the New Venture Fund. Additionally, the William and Flora Hewlett Foundation reported making donations totaling $150,000 to the organisation in 2021 and stated that the Collective Action Fund was a project of the New Venture Fund.

The greatest dark money network in the country now controls the financial mechanism supporting significant climate cases across the country, replacing RLF. Environmentalists have praised the cases, but fossil fuel companies have denounced them as a waste of tax payer money. The Rockefeller Brothers Fund, William and Flora Hewlett Foundation, Leonardo DiCaprio Foundation, MacArthur Foundation, and other left-wing organisations have all stated that they are supporting “precedent-setting lawsuits to hold major corporations accountable for costs associated with the effects on climate of their pollutants” with their contributions to the Collective Action Fund.The money appears to be primarily used to support the legal actions taken by the California-based law firm Sher Edling on behalf of regional and local authorities. According to tax documents, the RLF wired Sher Edling more than $5.2 million between 2017 and 2020 via the Collective Action Fund.

According to Kleinman, RLF’s spokesperson, “From 2017 to 2020, Sher Edling received grants from RLF to pursue charitable activities to hold fossil fuel companies accountable for the veracity of information they had provided to consumers and the public about the role their products played in causing climate change.”
At the time, he said, “Many financial entities support RLF, and its board of directors and staff make all decisions as to where the funds goes. Sher Edling, a company established in 2017 to represent states, cities, public agencies, and businesses in “high-impact, high-value environmental cases” against oil companies, has taken on cases on behalf of Delaware, Minnesota, Rhode Island, New York City, Washington, D.C., San Francisco, Baltimore, Honolulu, and numerous other local governments across the nation.

This Thursday, on behalf of New Jersey, the firm filed its most recent case against ExxonMobil and Chevron. Legal claims claim that Big Oil companies and industry associations misled the public about the negative effects of climate change. Attorney General of New Jersey Matthew Platkin said in a statement on Tuesday that the businesses “knew decades ago, based on their own studies, that their products were causing climate change and would have disastrous environmental repercussions down the future.”

He said, “They took enormous pains to conceal the facts and deceive the people of New Jersey and the globe. In essence, these businesses prioritise their profits over our safety.
Sher Edling would defend the state in court, but the attorney general’s release only mentioned that “other states have brought similar legal claims against the fossil-fuel sector.”

News Summary:Largest US dark money network used by Group Leo DiCaprio to send grants through to fund climate lawsuitsCheck all news and articles from the latest Business news updates.