Following the money: who’s funding Stanford’s Natural Gas Initative
A few days ago, I wrote about Stanford University’s new Natural Gas Initiative (NGI) and described why I thought the existence of that program helped to explain why some prominent…
A good friend sent me a link to an interesting diary on Daily Kos titled “Clean Coal”‘s Dirty Hands?. That diary entry used an article written by Peter Montague, titled INSIGHTS: Carbon Sequestration that provides some very interesting documentation of grants provided by The Joyce Foundation to a number of mainstream environmental organizations.
The essential thrust of the article was that carbon sequestration was an untested and potentially risky endeavor that was being supported by a surprising coalition of groups that shared some of the same funding sources. I personally think that Mr. Montague was a little off in his analysis – in my opinion carbon sequestration will never be implemented on a major scale – but he has done a great job in contributing valuable information to an important discussion.
I recommend that you go visit “Clean Coal”‘s Dirty Hands? and participate. It should be an interesting source of opinions and information about how fossil fuel interests use their extensive financial resources and those of long established foundations with huge investment portfolios.
For example, the article talks about the activities of The Joyce Foundation. I did a little poking around and found out that Joyce was originally endowed with a $100 million bequest from a lumber industry heiress in 1972. It now controls an unrestricted portfolio of nearly $900 million. After giving away about $40-50 million each year, they have still grown that endowment by about $35 million per year for the last few years. It can do a lot of very good charitable work and still enable some nefarious and sneaky anti-nuclear activities to protect its interests and those of its donors and leaders.
PS – I had to grin about the magic of Google Adsense when I posted this comment. The link that showed up was titled Energy From Coal. It leads to an interestingly titled organization called Americans for Balanced Energy Choices. Its main point is that coal is essential, affordable and increasing clean. Note: I did not put a hyperlink in this postscript – go ahead and click on the ad link. That is more advantageous to Atomic Insights.
Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.
Ken Silverstein posted a thought-provoking piece on Forbes.com titled Being ‘Good Neighbors’ And Staying Out Of Print Motivates Companies To Be Environmental Stewards. The following quote stimulated me to provide a slightly different interpretation and expansion on the reasons why companies and investors large and small are often actively involved in the environmental movement. And…
An article in The Guardian titled UK’s faith in nuclear power threatens renewables, says German energy expert is full of evidence of the alliance between natural gas salesmen and the advocates of unreliable sources of energy like wind and solar in an effort to discourage the use of nuclear energy for economic, market-based reasons. Jochen…
On July 8, 2010, Robert F. Kennedy Jr. gave a lunchtime speech at Energy Epicenter, the annual conference of the Colorado Oil and Gas Association. That speech provides a number of insights that are useful to those who are concerned about energy issues, concerned about the environment, and interested in the activities of power brokers…
One of the most famous battles against nuclear energy in the US, a struggle whose effects remain important to this day, was fought on Long Island. The saga involved nearly two decades of highly publicized effort marred by many failures in management and a well-organized opposition effort that successfully turned out thousands of people willing…
Eric Berger, writing for the Houston Chronicle, published an article on Friday titled Nuclear power’s core of support gains strength. He provided some opposing view commentary from Peter Hartley, a man he describes as “an energy expert at Rice University”. Here are some of the quotes from the article: “I just don’t think there will…
I came across an informative article in the Time South Pacific edition (on-line of course) titled Plugging in to Nuclear. The teaser summary of the article was enough to grab my attention As some greens learn to love atomic power, Australia weighs whether to use its abundant uranium at home. Not only is the entire…