Exclusive: Major Climate Denial Funders Donors Trust and Donors Capital Fund Handled $479 Million Of Dark Money

More than $470 million of cash flowing into a key funding arm of the climate science denial movement in the United States is untraceable, a DeSmog investigation has found.

Sister organisations Donors Trust (DT) and Donors Capital Fund (DCF) declared an income of $511 million between 2005 and 2012, tax records show.

But a DeSmog analysis of the sources of DT and DCF income finds that some $479 million of the income is “dark money” coming from individuals or groups who do not have to declare their donations.

Just How Heavily Did ExxonMobil Edit a US EPA Climate Report?

Our latest DeSmog UK epic history post details the penetrating impact ExxonMobil had on US energy policy during the Bush era.

One year into US President George W. Bush’s reign and the fruits of ExxonMobil’s labours were already being felt.

The US had crippled Kyoto by pulling out of the global agreement and the Intergovernmental Panel on Climate Change (IPCC) had lost its most outspoken communicator when Robert Watson was ousted by Bush at Exxon’s request.

Bank Of America, Once The Largest Funder Of US Coal, To Cut Coal Funding Worldwide

At its annual shareholder meeting in Charlotte, North Carolina last week, Bank of America announced that it was officially committed to slashing its financing of coal.

This is a major policy reversal for the bank. Just a few years ago, Bank of America, then the biggest bank in the US, was the largest underwriter of the US coal industry. From 2009 to 2010, for instance, the bank pumped some $4.3 billion into US coal companies, a fifth of all coal financing by the top 25 banks and financial institutions.

Fossil Fuels from Federal Lands Create One Quarter of Total U.S. Carbon Emissions, New Report Concludes

A newly released analysis by the Climate Accountability Institute concludes that fossil fuels extracted from federal lands release carbon equal to a quarter of all U.S. greenhouse gas emissions. The rate has stayed roughly consistent from 2003 to 2014.

When it comes to coal, the rate was even higher than average last year, the report concluded. “In 2014, two-fifths (40.2 percent) of U.S. coal  production was from leases on Federal Lands;  production on Indian Lands accounted for an additional 1.9 percent of U.S. coal production,” wrote Rick Heede, author of the analysis.

Peabody CEO Greg Boyce's Long History of Climate Denial

When it comes to climate denier coal executives, there is none more outspoken than Peabody Energy CEO Greg Boyce, who recently reiterated his belief that climate change is, “an environmental crisis predicted by flawed computer models.”

Boyce made the “flawed” comment in the roll-out of Peabody's “five point plan” — which is more a grumpy rejoinder to a world keen on replacing coal with renewable energy, than an actual plan.  

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