Biden’s climate agenda influenced by under-investigation left-wing group
Left-Wing Organization Quietly Influencing Biden Administration’s Green Energy Policies
A left-wing organization accused of potentially violating antitrust law is quietly influencing the Biden administration’s push to enact expansive green energy policies, according to records. Ceres, a Boston-based environmental charity, claims to work through powerful networks and collaborations to support federal rules targeting the fossil fuels industry. Despite facing a subpoena over alleged collusion with major corporations, Ceres has spent over $1 million on lobbying while shaping a new climate disclosure proposal that energy groups argue is unpopular and a free-market overreach.
The ties between Ceres and the government highlight how the Biden administration relies on liberal activist hubs to pass unprecedented laws that could have national security risks. Critics argue that these policies could lead to a crackdown on appliances reliant on oil and gas. President Biden’s National Climate Task Force and the allocation of billions of dollars for green energy initiatives have raised concerns among Republicans and conservative groups.
Powerful Networks and Financial Backing
Ceres manages a network of over 220 institutional investors with more than $46 trillion in assets. The organization aims to accelerate the transition to a sustainable, net-zero emissions economy. Recent tax filings reveal that Ceres raised $26.5 million, with two anonymous grantees providing 35% of that sum. The charity has also received millions of dollars from the New Venture Fund, a nonprofit organization managed by Arabella Advisors, which is currently under investigation for financial mismanagement allegations.
Members of the Ceres investor network, including investment firms like Bain Capital and BlackRock, have sought to pressure stock exchanges and regulators to improve climate and sustainability risk disclosure. They also advocate for stronger climate and clean energy policies at all levels of government.
Lobbying Efforts and White House Access
Ceres has deployed lobbyists to Washington to advocate for electric vehicle tax incentives, emissions reductions, and other climate-related amendments. Ceres President Mindy Lubber has visited the White House six times since 2021, highlighting the organization’s influence.
“One of the most sinister aspects of the Biden administration is their policy of allowing extreme environmental personnel and policies free rein to attack American energy through official actions,” said Larry Behrens, spokesman for the right-leaning Power the Future energy advocacy group.
Antitrust Concerns and SEC Rule
Ceres came under scrutiny when it faced a subpoena from the House Judiciary Committee over its efforts to advance corporate environmental, social, and governance (ESG) initiatives. The organization is now advocating for a Securities and Exchange Commission (SEC) rule that would require public companies to disclose their greenhouse gas emissions. Critics argue that this rule could lead to arbitrary standards limiting companies’ abilities to function.
Internal documents reveal communications between Ceres and the SEC, raising concerns about the organization’s influence. Critics argue that activists and business interests are closely working with the SEC to develop their climate disclosure agenda.
Despite claims of transparency and compliance, Ceres’ actions and financial backing raise questions about its influence on the Biden administration’s green energy policies.
What are the concerns raised by critics regarding Ceres’ powerful network and financial backing, and how does the ongoing investigation into Ceres’ financial supporters contribute to these concerns
Nder investigation by Congress for potential financial improprieties. This financial backing enables Ceres to have a significant influence on the Biden administration’s green energy policies.
Through its extensive network and collaborations, Ceres has been able to shape federal rules that specifically target the fossil fuels industry. Its efforts have resulted in a climate disclosure proposal that many energy groups argue is unpopular and represents a free-market overreach. Critics contend that these policies have the potential to negatively impact industries reliant on oil and gas, leading to national security risks and a potential crackdown on appliances using these energy sources.
The ties between Ceres and the government highlight the reliance of the Biden administration on liberal activist organizations to pass unprecedented laws. The administration’s National Climate Task Force and the allocation of billions of dollars for green energy initiatives have raised concerns among Republicans and conservative groups. They argue that these policies may have adverse consequences for the economy and individual freedoms.
One of the key factors enabling Ceres’ influence is its powerful network and financial backing. With over 220 institutional investors and assets totaling more than $46 trillion, Ceres has a significant platform to advocate for its agenda. Recent tax filings reveal that the organization raised $26.5 million, with 35% of that sum coming from anonymous grantees. Additionally, Ceres has received substantial financial support from the New Venture Fund, a nonprofit organization managed by Arabella Advisors. This arrangement has raised questions as Arabella Advisors is currently under investigation by Congress for potential financial improprieties.
It is undeniable that Ceres plays a substantial role in shaping the Biden administration’s green energy policies. However, critics argue that the organization’s agenda, driven by its powerful network and financial backing, may not align with the best interests of the country. The potential violation of antitrust laws and the ongoing investigation into its financial supporters further raise concerns about the legitimacy and transparency of Ceres’ influence.
As the Biden administration continues to pursue its ambitious green energy agenda, it is crucial to carefully evaluate the organizations and individuals influencing these policies. An open and transparent dialogue is necessary to ensure that the decisions made by the government are in the best interest of the American people and the nation as a whole.
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