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Who’s Behind Trump’s Claim the Green New Deal Will Cost $100 Trillion?

Read time: 8 mins
President Trump at CPAC 2018

By Dave Anderson, Energy and Policy Institute. Originally posted on Energy and Policy Institute.

President Trump’s claim that the Green New Deal would cost $100 trillion can be traced back to the Manhattan Institute, a think tank backed by fossil fuel investor Paul Singer and companies like ExxonMobil. 

Representative Alexandria Ocasio-Cortez and Senator Edward Markey made waves at a press conference in February when they rolled out a Green New Deal resolution that called for the nation to transition to 100 percent clean energy in ten years

Brian Riedl, a senior fellow at the New York-based Manhattan Institute, attempted to “cost out the Green New Deal” in a Twitter thread the next day. Riedl admitted he had “No idea” how much things like “Installing renewable energy everywhere” would cost. 

Exclusive: Bjorn Lomborg Think Tank Funder Revealed As Billionaire Republican 'Vulture Capitalist' Paul Singer

Read time: 6 mins

A billionaire “vulture capitalist” and major backer of the US Republican Party is a major funder of the think tank of Danish climate science contrarian and fossil fuels advocate Bjørn Lomborg, DeSmogBlog has found.

New York-based hedge fund manager Paul Singer’s charitable foundation gave $200,000 to Lomborg’s Copenhagen Consensus Center (CCC) in 2013, latest US tax disclosures reveal.

The grant to Lomborg’s think tank is revealed in the tax form of the Paul E. Singer Foundation covering that foundation’s activities between December 2012 and November 2013.

Singer, described as a “passionate defender of the 1%”, has emerged as a major force in the Republican party in recent years and was a key backer and influencer during Mitt Romney’s failed tilt at the Presidency.

The $200,000 grant represented almost one third of the $621,057 in donations declared by the Copenhagen Consensus Center in 2013.

A spokesperson for the think tank told DeSmogBlog that “not one dollar” of the Singer grant had been spent.

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