Environmentalism in America is dead. It has been replaced by climatism and renewable energy fetishism. [emphasis, links added]
The movement birthed by Rachel Carson’s Silent Spring in the early 1960s and Earth Day in the 1970s — a movement that once aimed to protect landscapes, wildlands, whales, and wildlife — has morphed into the NGO-corporate-industrial-climate complex.
Rather than preserve wildlands and wildlife, today’s “green” NGOs have devolved into a sprawling network of nonprofit and for-profit groups aligned with big corporations, big banks, and big law firms.
In the name of climate change, these NGOs want to pave vast swaths of America’s countryside with oceans of solar panels and forests of 600-foot-high wind turbines.
They are also promoting the industrialization of our oceans, a move that could put hundreds of massive offshore wind turbines in the middle of some of our best fisheries and right atop a known habitat of the critically endangered North Atlantic Right Whale.
The simplest way to understand how climatism and renewable energy fetishism have swamped concerns about conservation and wildlife protection is to follow the money.
Over the past decade or so, the business of climate activism has become just that — a business.
As I reported last year in “The Anti-Industry Industry,” the top 25 climate nonprofits are spending some $4.5 billion per year. As seen below, the gross receipts of the top 25 climate-focused NGOs now total about $4.7 billion per year.
These groups — which are uniformly opposed to both nuclear energy and hydrocarbons — have budgets that dwarf those of pro-nuclear and pro-hydrocarbon outfits like the Nuclear Energy Institute, which, according to the latest figures from Guidestar, has gross receipts of $194 million, and the American Petroleum Institute which has gross receipts of $254 million.
(Unless otherwise noted, the NGO figures are from Guidestar, which defines gross receipts as a “gross figure that does not subtract rental expenses, costs, sales expenses, direct expenses, and costs of goods sold.” Also note that in many cases, Guidestar’s gross receipts figure doesn’t match the revenue that the NGOs are reporting on their Form 990s.)
To understand the staggering amount of money being spent by the NGO-corporate-industrial-climate complex, look at the Rocky Mountain Institute, the Colorado-based group founded by Amory Lovins, the college dropout who, for nearly 50 years, has been the leading cheerleader for the “soft” energy path of wind, solar, biofuels, and energy efficiency. (Click here for my 2007 article on Lovins.)
Between 2012 and 2022, according to ProPublica, Rocky Mountain Institute’s annual budget skyrocketed, going from $10 million to $117 million.
Indeed, the group provides a prime example of how corporate cash and dark money are fueling the growth of the corporate-industrial-climate NGO complex. Among its biggest donors are corporations that are profiting from the alt-energy craze.
Last year, Wells Fargo, a mega-bank that is among the world’s biggest providers of tax-equity financing for alt-energy projects, gave Rocky Mountain Institute at least $1 million.
On its website, Wells Fargo says it is “one of the most active tax-equity investors in the nation’s renewable energy sector, financing projects in 38 states.”
In 2021, the bank bragged that it had surpassed “$10 billion in tax-equity investments in the wind, solar, and fuel cell industries. Wells Fargo has invested in more than 500 projects, helping to finance 12% of all wind and solar energy capacity in the U.S. over the past 10 years.”
Another mega-bank giving big bucks to RMI is J.P. Morgan Chase, which gave at least $500,000 in 2023. I took a deep dive into alt-energy finance last year in “Jamie Dimon’s Climate Corporatism.”
I explained:
About half of all the tax equity finance deals in the country (worth about $10 billion per year) are being done by just two big banks, J.P. Morgan and Bank of America. The two outfits have the resources to handle the tax credits that are generated by renewable projects and pair those “tax subsidies” (the term used by Norton Rose Fulbright) with the capital financing needed to get the projects built.
Last year, Rocky Mountain Institute got a similar amount from European oil giant Shell PLC, which has been active in both onshore and offshore wind.
In addition, last year the Rocky Mountain Institute published a report in partnership with the Bezos Earth Fund, which claimed, “the fossil fuel era is over.”
The Bezos Earth Fund, of course, gets its cash from Amazon zillionaire Jeff Bezos. Last year Bezos’ group gave Rocky Mountain Institute at least $1 million.
In addition, Amazon, which claims to be “the world’s largest corporate purchaser of renewable energy,” is a significant donor and was the sole funder of a report published earlier this year by RMI that promotes increased use of — what else? — solar, wind, and batteries.
Read rest at SubStack
Environmentalism in America is dead. It has been replaced by climatism and renewable energy fetishism.
“Climatism” is more than just a replacement for Environmentalism. It is now a religion with “renewable energy” a major dogma of the religion. That is why facts cannot alter their views, no matter how many facts you can provide to their adherents.