Questions about #DefundDAPL, Standing Rock or #NODAPL? – #askwarren

The Radiant Labyrinth

 

Buffett, Gates Foundation, Bono’s RED and the Dakota Access Pipeline

How Bono’s RED Became the Color of Philanthrowashing Done Right for the Dakota Access Pipeline

The Raydiant Labyrinth

February 8, 2017

by Pamela Williams

 

PART 1

Who’s Invested? Complicit Corruption Aiding and Abetting the Bakken Shale Boom (#bombtrains)

 

If you Google “phillips 66 DAPL investment” right now, -unless a new divestment announcement is resulting in an algorithm smackdown of the headlines as we speak, your search will turn up a mass majority of articles stating how President elect Donald Trump is (mainly was) invested in the Dakota Access Pipeline (DAPL) through both Energy Transfer Partners LLC and Phillips 66, at a maximal of $1 million that was reduced to between $15 000 – $50 000 for the former (which Trump spokeswoman Hope Hicks announced was divested of) and an investment which may maximally be a quarter million in the latter, Phillips66, which has not garnered any response of whether Trump divested or not. These reports give you confirmation that Phillips66 has a 25% stake in the Dakota Access Pipeline.  This is what Google’s search algorithms latch onto. In November, the other two majority stakeholders consolidated.

Trump’s investment is hailed of interest for its conflict of interest, and may rate as a calculated smackdown of Trump targeted at the environmental constituency, echo-chambered by the mainstream media to swamp searches on the subject in the last heat of the election. Google “Trump DAPL investor October 2016”. It hit then. Stories on this went so far back as May, 2016 (see Sources; they remain focussed on the subject to this day).

The next focus of aspersion and the sole focus for financial punishment designated by environmental groups and indigenous activists as the rightful target for a divestment campaign has been the banks funding the project, a campaign more or less launched by Food & Water Watch. What is interesting about this is that in terms of the banks loaning credit to the DAPL, not one of these banks exceeds an investment of $600 million.

 

Hardly a murmur is heard on the media or inter-webs as per the billionaire investors in DAPL’s fruition, but Counterpunch made mention of Warren Buffett, invested in Phillips 66 at over $6.8 billion through Warren Buffett’s holding company Berkshire Hathaway, making Berkshire Hathaway the majority shareholder of Phillips 66 at 22%. (The second ranked investor, Vanguard Group, sits at 8%.) Phillips66 is Berkshire Hathaway’s 6th largest holding and 5th largest percent stake. Phillips66 is responsible for building the Dakota Access Pipeline.

Perhaps even curiouser given Berkshire Hathaway is invested in the completion of the Dakota Access Pipeline over a hundred times as much as any of these banks, it owns a host of subsidiaries, many of which are easily boycott-able by the general public, starting with Geico and Dairy Queen. Curiously, the most significant of Berkshire Hathaway’s “wholly owned subsidiaries”, which figures significantly in the scenario about to be laid before you of who’s been deep down and dirty in the Bakken, North Dakota, is not on that list. BNSF and its fracking holding company, Burlington Resources, figure prominently in this New York Times’ expose dated November, 2014. Burlington Northern Santa Fe Railway (BNSF) belongs to Berkshire Hathaway. At $44 billion it was the largest acquisition in Berkshire Hathaway’s history, which would be common knowledge to anyone in the NYT readership with a memory, but was a curiously omitted fact in the above expose on state corruption in the Bakken five years later.

The expose delineates pay to play collusion involving the then current North Dakota Governor and state officials (the director of mineral resources) with the oil and gas industry with respects to mineral rights (i.e., fracking rights, helpful hint: mineral rights trump surface rights), which BNSF had originally owned through land it had been historically awarded including those rights. When they sold off surface tracts of land in North Dakota, they were not selling the mineral rights. Those rights “were managed by its energy company, Burlington Resources.” Burlington Resources was sold to Conoco Phillips for $36.5 billion. The NYT article does not provide the crucial purchase date, but this does (Feb. 1, 2006), so it was a Conoco Phillips entity when this corruption scandal transpired (by three years), a date of transaction curiously omitted by the NYT that was pretty essential for clarification. Incidentally Phillips 66 was created and spun off from this parent company in 2012, meaning Conoco Phillips investors received two Phillips 66 shares for every Conoco Phillips share they owned.

Take it as a promise that these financials are being laid out to deliver the juice. The NYT expose had a Part 1, depicting how oil and gas resource industry was an old-school regulatory douche-nozzle we normally identify as structured unbridled corruption with ghastly spill rates, (precisely the sort of situation completely ripe for an explosive protest with the level of ineptitude just waiting to blow), accompanied by the above Part 2 pointing out the level of corruption that is legally structured into state governance around oil resources in North Dakota, as well as a history of connective issue informing us that these are more or less the same corporate players. The most salient point is that NYT would make no mention of Warren Buffett’s ownership of BNSF or lend any clarification with regards to its subsidiary, Burlington Resources although this would have indicated it avoided a direct conflict of interest on the part of the companies and himself. The basis for this became clear with the fact that NYT pointedly omitted on its description that the photograph of a charred skeleton of an train engine from a rail explosion outside of Casselton, ND, was a BNSF train. If you avoided the train was BNSF’s, the query of conflict of interest would not even arise at all for those who didn’t already know that. They certainly weren’t bringing up who owned it to those not in the know of their readership, and that was the priority.

“On its website, BNSF reported that a westbound grain train with 112 cars derailed at about 2:10 p.m. Monday about one mile west of Casselton, hitting an eastbound 106-car train carrying crude oil on an adjacent track and causing it to derail, as well. An estimated 21 cars caught fire, some exploding and sending huge fireballs into the blue sky.” [Source] Photo Credit: Shawn Rode Photography

To give you some curious foreshadowing (think of if as appropriate visual and musical montage  for accompaniment) you can opt to interrupt this broadcast by taking note of how a shot of a BNSF train running through the southwest graces the opening credits of Oliver Stone’s “Natural Born Killers”  (and reappears throughout). That won’t be a left field statement by the time this report is concluded; indeed the movie might almost seem peppered with the visual spice and splice of foreshadowing itself, were it not for the truth that the architects of human global imminent peril are not, and never have been, individual mass murderers. They’re the opposite. That aside, even the death toll (48 before Mickey and Mallory go to prison) will have a curious resonance (not to mention the 666 motif almost already does), so let’s get back to it.

NYT’s photo of the charred shell of an train engine whose company they wouldn’t name makes a picturesque omission that should have been worth a thousand words, or could have easily held the potential for a Part 3; -the trace remnant of a BNSF train that exploded near the governor’s birthplace of Casselton, ND (with such fierceness that the town had to be evacuated). In fact it was BNSF’s first Bakken oil train explosion, and it was truly spectacular. However these were not new. The first explosion of fracked product out of Bakken immolated the town center of Lac-Megantic along with 47 people. Homes were burned from the inside out while “fire erupted from water pipes, drains and sewers”:

“The Lac-Mégantic disaster generated an estimated $2 billion in liabilities with the cleanup alone projected at $200 million. The train’s operator, MM&A, a short line railroad transporting the crude from a Canadian Pacific (CP) yard to a refinery in New Brunswick, had just $25 million in liability insurance. Soon after the accident, MM&A filed for bankruptcy protection.” – Sightline Institute

 

While there was obvious negligence at fault (brakes not set properly on a single engineer run train at the top of a hill) and these problems increased, rather than decreased in Canada afterwards) -this was clearly not simply the problem as evidenced by the barest of timelines offered by Sightline, which marks the BNSF train at Casselton as the third such explosion. This is problematic as many actual explosions are treated as spills or derailments in the press, and additionally many accidents were omitted. Two reports have reached a consensus of 14 such headline accidents by multiple carriers, whereas Sightline lists eleven. In the instance of the Gogoma ON oil train fire mentioned by all three, that was in fact the fifth derailment in Ontario alone for that year (in less than three months) of just CN trains. There were more (of just CN trains for that period) in other provinces, actually seven additional derailments, five in Canadian provinces, and two more in the US.  This article on the second oil train accident/fire listed in Sightline’s timeline in Alabama mentions another one in Alberta. By the time of the Timmins ON derailment (and massive fire), that was the third such derailment in less than a month. Noteworthy incidents like two Wisconsin accidents two days in a row  and one in Buffalo don’t make the list. Neither do products other than crude oil, like a CN coal spill in Vancouver that took out a river Streamkeepers had been rehabilitating for salmon, due for its biggest run in 80 years , or a train carrying ‘liquid petroleum’ (propane) that caused the evacuation of hundreds in Tennessee.

Another fine example of this type of downplaying of events (though they mention 17 such derailments, 10 of them “terrifying”) is a far more recent piece of glaring headliner clickbait by Chicago Magazine that states the energy potential of a single oil rail car is the equivalent of ‘2 million sticks of dynamite’, a piece designed to at once to frighten and soothe the Chicago populace. Chicago was where Buffett was apparently behind forcing rail yard workers not to unionize for anything above minimum wage.

Chicago Magazine labeled this BNSF Casselton explosion (mushroom cloud is more like it) a collision. Initial reporting of this accident by eye-witnesses said this was between standing rail cars, and that a grain car tipped off its rails onto the adjacent oil train. For Chicago Magazine’s citation the Lynchburg derailment in Virginia was treated was as a spill into the river (with 50 000 gallons of crude oil ‘missing’  that endangered the drinking water supply), when it had an explosion from the derailment that sent ‘flames stories high’ and set the river on fire. Likewise, Sightline’s listing of the same accident treats the Lynchburg derailment as just that. The same watering down is apparent in Sightline’s ambiguity as per the second Bakken oil train fire in the timeline at Alliceville, Alabama which they dubbed “derailment and river contamination” when the accompanying blaze could not be approached for eighteen hours, was referred to as hundreds of feet tall and could be witnessed from ten miles away. Ignited Thursday, it was still burning on Saturday, and kept going. Ergo, by the time of the second major headline accident, it was already known that a simple derailment could engender massive combustion with large fires.

The third explosion in the rail accident chronology by BNSF outside of Casselton stands apart for one thing, it brought about a report by Truthout that all trains out of Bakken were being permitted to carry highly volatile VOC’s, alleged by non-corporate testing of the Bakken product to easily range between 30% and 40% of the product. (Casselton got the undivided attention of Mark Ruffalo.) Also, those in receivership of BNSF Bakken trains had to obtain “special conditions” permits, requiring them to “flare-off” the dangerous VOCs before barging them down a river, the Mississippi. This wasn’t your usual crude. (The article doesn’t even mention the obvious potential of residual methane, which in fracking operations was being flared off all the time.) The permit process showed that those in receivership knew the volatility as they were required to treat the product, which means so did the shippers. What was AWOL was Federal regulation of the product out of North Dakota, and this was because volatility equated with profitability, especially with respects to jet fuel.

At this threshold the salient point to be derived from the New York Times expose on the prior coexistence of BNSF and their spin-off Burlington Resources becomes very clear. BNSF had a subsidiary dealing in this product that was more than likely offloaded at the right time to prevent any conflict of interest being thrown into relief by a subsequent explosion, a situation that would would have surely made it liable, whereas after Casselton, Buffett was campaigning for the equivalent insurance exceptions as nuclear power plants, despite a record of 721 safety violations in North Dakota alone since 2006. After all, you cannot obtain such exemptions in the face of such a record when you can in no way have claimed ignorance after 47 people got immolated, which you could not when the same company that ships the product has an existing subsidiary fracking the product. By the point of purchase of BNSF, Buffett was in the clear of such a glaring direct conflict of interest. Nonetheless there is no way those responsible for shipping product out of Bakken could have been any more naive than those in receivership who were being regulated to treat the contents for volatility, and even if one could have laid claim to ignorance, after the second conflagration in Alabama, there was really no question anymore. Really there should have been no question after Lac-Megantic, but strike 3, you’re out. The BNSF Casselton explosion resulted in a nigh instantaneous safety classification alert by the Pipeline and Hazardous Materials Safety Administration (PHMSA). Canadian pipeline corporations immediately followed suite. (Look at the photo caption. -Little late to protest the Keystone XL, -weren’t we?)

Yet rail companies continued to insist on not even upgrading their tanker cars, as well as one engineer per train after 47 dead, (which has met with consistent resistance). BNSF was spearheading continual lobbying efforts against safety regulation, -including against upgrading the braking system to ECP(electronically controlled pneumatic braking system), right up to the present day.

Buffett himself needed no more hints after Casselton, he diversified into a subsidiary pipeline company of Phillips 66 within 24 hours, whose specialty was “lubricating oil’s movement through pipelines, increasingly crucial for the industry to move both tar sands crude and oil obtained via hydraulic fracturing (‘fracking’) in an efficient manner.” At that point he was already invested in Phillips 66 to the tune of 27 million shares. This article cites shipment of Bakken crude by BNSF at “over 1 million barrels per day”. This move to formulation is pertinent if one were to consider the question of whether the mixture ratios for transport via pipelines would be dissimilar to the necessary need for viscosity to get the substance into individual train cars. With respects to the tar sands/diluent formulation, this would be especially likely since you are dealing with bitumen, literally sand granules individually coated in tar, where they’ve managed to get the guck off the sand granules. And the truth of the substance is that it was being cut 30% with “diluent” (out of Texas) to get it to even move through a pipeline. This logically constituted natural gas, combined with all those undisclosed chemicals that went into fracking the product. “Increased demand for diluent among Alberta’s tar sands producers has created a growing market for U.S. producers of natural gas liquids, particularly for fracked gas producers.”

This question of what amount of diluent would be needed to get the tar sands product in and out of individual rail cars was brought instantly to the fore by the fourth listed oil train accident, a CN train in New Brunswick. At the time of the fourth listed “derailment” in New Brunswick (by Sightline and the rest), Reuters was deceiving the public as to the train’s point of origin. (They literally claimed it was from Toronto, with a straight face. Oil does not come from Toronto.) It was later confirmed to have originated from “western Canada”. This vague imputation (which was about all you would find) was deliberately framed to avoid the determination whether it was tar sands with diluent or Bakken “crude”, as western Canada is home to both. CN callously refused to disclose to the shaken Canadian public the train’s point of origin at the time in order to avoid the nature of the contents, but after all, this was the same corporation that after Lac-Megantic “argued against an emergency provision that trains loaded with dangerous goods such as crude oil [which should be put in the requisite air quotes, as it was never dangerous before Bakken] never be left unattended.”

Transport Canada was no help at all. They announced in 2013 that CN was failing to disclose “hundreds of derailments, accidents”, a discrepancy which began ten years after privatization in 2005. They were also classifying the safety exemptions they gave to rail carriers, (including and especially CN, who was still favored by laws that remained in on the books from when CN was Canada’s national rail company, -exercised to brutal effect), and were heftily to blame for the failures that led to Lac-Megantic. Before Lac-Megantic, the Bakken oil trains had been labeled with the wrong hazard class in Canada, one that gave no warning of their explosiveness. They were classified the same as regular crude.

While the New Brunswick rail fire has been clarified as three cars of propane and one of ‘crude’ (-that’s in the “Oregon Live” accident summary, we never got to know where it came from or what it constituted), –since the deliberate venting post fire involved three cars carrying “liquified petroleum”), it’s safe to conclude the three propane cars involved did not explode in the first place. Oh geez, lucky us. What a boom that would have been! Now you’re beginning to grasp why this accident was the subject of such cover-up. It was, given the product portfolio of “western Canada”, (and the nature of the burn), likely from the Athabasca tar sands and diluted bitumen (shortened in the parlance to ‘dilbit’), and not Bakken product involved in the conflagration. After all the cat was already out of the bag about Bakken, so why was this one hush-hush? Additionally this Global News article on the vent taking place points to the same venting technique having to happen at another Alberta oil train fire, which otherwise would not have made mention.

What is dilbit? This answer shows you how easy vague reportage on these explosions could be by describing different aspects of the product. It was in fact devilishly difficult to track and quite some time before reportage started declaring which oil train fires were diluted bitumen shipments. With the New Brunswick accident, no one was the wiser. Seattle fire chiefs were certainly alarmed by that point, an unavoidable consideration since Seattle had experienced a BNSF/Bakken “crude” derailment the July prior at only 5 mph. By the time of their communication of disclosure demands for the sake of safety by BNSF, “North Dakota [Bakken was] principally responsible for increasing domestic production from 5 million to 9 million barrels of oil a day.”

The dawning of this insight (the looming question of what was the diluent percentile of tar sands bitumen/diluent needed for sufficient viscosity to transfer “dilbit” in and out of rail cars and how volatile that might prove (as already indicated)) was made irrevocably clear in the accidents to follow. The article that cleared this one up is referring to the fifth oil by rail accident on Sightline’s timeline, the Timmins Ontario CN fire, which was dilbit (as was the ninth listed (CN) rail accident fire at Gogoma ON). In fact the volatility of tar sands with diluent, while not quite as explosive as Bakken product, was certainly as volatile and produced burns that lasted for days, -so volatile that it was just as explosion prone in the newly issued CPC-1232 tank cars brought in to replace the vulnerable DOT-111’s that weren’t designed for oil transport. (The BNSF oil by rail explosion at Galena ILalso involved safer rail cars upgraded for the purpose, showing these upgrades also did not solve the problem for Bakken shale product.)

Further complicating the issue, while there was always an interest in flaring off the additives that originated in the Bakken ‘crude’ (or they could be subject to pre-treatment if anyone cared), diluent was added to tar sands bitumen to make it in any way viable in the first place, and it was exploding in Ontario at minus 40 degrees Celcius. Not only was Buffett’s acquisition of stock in the Phillips 66 subsidiary, Phillips Specialty Products, pivotal, it already looked like they’d proven incapable of the job. It was either that or it was impossible to do the job safely. While the constraint to oil by rail was making money hand over fist for everyone involved, something had to give, and that give was to transition to pipeline. But that did not mean the abandonment of Buffett’s original strategy, either, which was to divert and attenuate the environmental climate movement and use them to prevent the Keystone XL and maximize the oil by rail profit boom.

At this point it should be brought into the record that Bill Gates has the majority investment stake in CN (Canadian National Railway), and it is the Gates Foundation Trust portfolio’s third largest investment (it was second in 2015). His private investment is the maximal investment permitted under the rules of CN’s privatization. As a personal investment (after the 28,000% increase in oil by rail shipment out of Canada in only four years), it was Bill Gates’ second biggest milk cow after Microsoft in 2013, thanks to a 34% share increase that year.

 

PART 2

Opposing DAPL: Billionaires are Philanthropists because they’re DAPL investors (and much more)

 

Gates and Buffett both got into oil by rail nigh simultaneously, -after touring the Alberta (Athabasca) tar sands in 2008. (Cory Morningstar provides an invaluable timeline on this, though it doesn’t capture Bill Gates’ point of purchase until attaining majority control (they might have been one and the same). Her own online version of this is visually fab.) The tar sands tour article mentions that in 2006 Buffett was notably invested in Conoco Phillips, which means his hands weren’t entirely clean of what went down in North Dakota with the Burlington Resources subsidiary (owned by Conoco Phillips when BNSF sold it). The reason Bill Gates sought majority control of CN at all was in order to cash in on the 28 000% increase in oil by rail shipping out of Canada, driven in no small part by bitumen export to the United States, basically cashing in on the dirtiest oil cash cow on earth. That was the long game.

As a sideshow amusement (which for Canada wasn’t amusing at all), their tour host was a Canadian dilbit billionaire named Murray Edwards. He had the usual PR BJ from Forbes, and still appears listed by them as the 25th richest Canadian (he was 14th at the time he committed one of the worst bits of corporate environmental negligence Canada’s ever seen). Forbes makes no mention that the Albertan instantly engaged in tax flight from the province the moment the NDP party got elected to power, ending over 40 years of conservative rule furnished by the Alberta oil patch.

Tl’abane Declaration, Kablona Keepers

As CEO of Imperial Metals, Edwards was responsible for the largest mine tailings spill to ever occur in Canadian history. Despite clear abrogation of safety regulations, Imperial metals ignored the Liberal (which should read ‘neoliberal’) provincial government’s warnings on the dam multiple times, (there was no reason to heed when they simultaneously made spine snapping allowances). The dam blew, and released “10.6 million cubic metres of water, 7.3 million cubic metres of tailings and 6.5 million cubic metres of ‘interstitial water’” into the pristine Quesnel Lake, which fed a tributary responsible for up to 25% of the Fraser River’s annual salmon run. The BC provincial Liberal government was simply giving themselves a paper trail to legally keep them out of liability should the inevitable consequence of such corporate negligence prove devastating, which it did. There were no consequences.

It should also be noted (as it has now caught the attention of the New York Times), that rules for election donations and political party funding in British Columbia (BC) might rival behavior in North Dakota (this is the same formula for all the resource hinterland extraction areas needed to fulfill the demands of the ultra-consumerist West). In particular among the Liberal Party’s biggest donors last election were Imperial Metals (after whence they had their massive mine tailings spill in Beautiful BC), and (wait for it, as this will sound off by article’s end like a gong) a foreign multinational shat out of Enron’s carcass named Kinder Morgan. Murray Edwards himself hosted a million dollar funding [election] campaign luncheon for the BC Liberals in Alberta:

“When British Columbia’s Liberal Premier, Christy Clark, was in danger of losing last spring’s election, Edwards helped sponsor a fundraiser in Calgary; he advised Prime Minister Stephen Harper on the controversial takeover last year of Nexen Inc. by China’s CNOOC Ltd. and on future foreign investment by state-owned enterprises; he was instrumental in clenching a deal with Jean Chretien in 2003 that limited the oil sands’ financial exposure to the Kyoto Accord on greenhouse gas emissions. In 2008, he co-hosted a tour of the oil sands for Warren Buffett [together with Bill Gates], one of U.S. President Barack Obama’s top advisors who has since invested in oil sands producers Suncor Energy Inc. and Exxon Mobil Corp.” – National Post

In light of the need for the Kinder Morgan Trans Mountain pipeline to furnish shipment of Alberta diluted bitumen to Vancouver’s ports (for export beyond, which newly elected Liberal Prime Minister Trudeau just granted them), this should be as incontrovertible in its logic as basic addition. When the price of “dilbit” is depressed, the product is being exported out of Vancouver by Kinder Morgan to California. As we of BC know all too well, California’s consumer demands are truly inexhaustible.

The year Bill Gates was raking in his peak oil by rail profits (2013) “just happened” to be the same year that US records showed that rail related oil spills were more frequent in that one year than had occurred in the four decades prior, (bear in mind CN transports in the US), -and accidents at CN’s newly acquired (and thereby privatized) BC Rail went up 21%. US rail clocked in 88 oil by rail accidents for 2013 while oil by rail in the US “increased by 423 percent between 2011 and 2012 and in 2013 had surpassed 400,000 rail carloads per year.” CN used backed to work legislation on its workers seven times, who were suffering from exhaustion and genuinely worried about safety. Rail on both sides of the border prioritized oil by rail to the point that grain transport was severely constrained. (Ranchers on Vancouver Island were three days away from having no grain for their cattle during a year with a 60% grain surplus, a boom crop that sat in silos.) It was so bad General Mills complained to the Federal Government of factory shutdowns due to lack of grain. And then fortunes began to shift. 2014 was the year Bill Gates’ CN basically graduated to being a gong show on rails (derailments soared 73% that year), but his profits pulled ahead of Buffett’s BNSF.

I suppose you might be wondering why I’m inserting Bill Gates into the fray, but the answer’s obvious, as in herein lies the crux. It is Bill Gates who has succeeded in turning Bono’s philanthropic endeavors into pure philanthrowash of he and Buffett’s investments. After all, ONE was Gates’ brainchild as much or more than it was Bono’s. Bono’s ONE and RED are more or less Gates Foundation funded affairs, (with 81% of ONE’s budget dedicated purely to generating awareness). This obviously cuts both ways, i.e., in generating awareness for the funding target, it simultaneously generates a benevolent awareness about the funders. There are years when half ONE’s funding has been from Gates Foundation, and with ONE’s  $31.8 million dollar budget for 2014, -obviously Gates Foundation’s self-declared $135 million over the years to ONE is not insignificant. Gates Foundation’s beneficence to RED (that flagship of “consumer activism”) is not insignificant either. This was the Gates Foundation funding grant Bono rapturously announced out of Davos next to a grinning Gates on a snowy alpine slope for January, 2016 on RED’s Facebook home page.

Singer of Irish band U2, Bono (L) poses with Bill Gates at the World Economic Forum annual meeting on January 22, 2016 in Davos to mark the 10 years of (RED). FABRICE COFFRINI/AFP/Getty Images

Back in 2006 Buffett matched Gates Foundation’s funding 50%, to the tune of $30 billion -which he gives them incrementally in Berkshire Hathaway shares at a rate of 5% annually, -which brings us right back to the beginning financials I labored to show you, because that’s right, 54% of Gates Foundation portfolio is Berkshire Hathaway stock (2nd quarter, 2015). The second ranking in the portfolio, CN, is only 5.81%. (This puts Gates Foundation’s BH holding at 58% with CN as the third ranked investment for the third quarter, 2016.) This means in fact Bono’s RED and ONE were indirect but definite financial beneficiaries of the Dakota Access Pipeline.

 

https://www.youtube.com/watch?v=HaceGyczP9c

 

Furthermore, Bill Gates has been sitting on Berkshire’s Hathaway’s Board of Directors since 2005. So it’s literally impossible he doesn’t know about the goings on with DAPL stakeholder Phillips 66, -he was there seven years before they even existed. It’s literally impossible that he has not decided upon the entire course of this DAPL investment, yet you’ve never heard of the connection. Furthermore, it should begin to dawn you that there cannot exist such two disparate sides to the same coin. They are inherently incompatible. You are either charitable or predatory. They are mutually exclusive. From a PR standpoint, now you know exactly why Bill Gates went all out this Christmas as Secret Santa on reddit.  He had something very big to hide, -that Warren Buffett’s beneficence in the way of Berkshire Hathaway shares meant over half of Gates Foundation’s portfolio was invested in the Dakota Access Pipeline via Phillips 66, making him a very big investor indeed (much bigger than Trump ever was), -and that given his directorship in the company, he not only was apprised of every detail, he was in charge. He had surely overseen the purchase and continually approved of it given he was on Berkshire Hathaway’s Board of Directors long enough to have overseen and approved the attainment of majority control of Phillips 66[6], thoughit had been Buffett’s acquisition all along,  -and definitely his favorite.

When it comes to Berkshire Hathaway, Bill Gates was still buying in as of December 2015.  (Coincidentally this was the month Congress lifted the 40 year ban on oil export out of the US.)

Phillips 66 was still Buffett’s big stake, even with #NoDAPL going on. (The protest began April, 2016.)
Seeing as North Dakota state’s corruption was at a level where his BNSF Bakken bomb trains were simply a matter of zero concern (Heimdal included, which again was the new generation rail cars), clearly there was no reason to worry. (Maybe it was that North Dakota knew it needed the Dakota Access Pipeline at any cost. All its spectacular rail accidents went eastward and the pipeline went south of Chicago.)

#Cringemas was one of RED’s promotional twitter hashtags for #shopathon December 2016 (the youtube online gamer portion), -a RED campaign that was matched by the Gates Foundation to the tune of $78 million.) While RED’s page for this bears no date, you can take it from me that this was announced in conjunction with RED’s Shopathon launched on December 1st, 2016. #Cringemas it is! –#Cringemas is arms lost to the 1%. Sophia Wolansky sure could have used Secret Santa’s help for her two years of reconstructive surgery; her father was trying to crowd fund it just before RED kicked off on Jimmy Kimmelwith their Gates Foundation matched #Shopathon funding drive. With his usual canniness, Bono launched RED’s spending drive on Jimmy Kimmel by resurrecting Mac Phisto (a play on Mephistopheles, meaning he came out as the Devil) for the first time since 1993 (when he actually was a bit dangerous). Mac Phisto entered the “REDtm Pack” little celebrity sing a long ditty “We’re Going to Hell” (with celebrities he’d managed to gull into the celebrity contest portion of RED’s promotion) with the opening line “welcome in to my cauldron of sin”. (The’s song title is, from a planetary perspective (if you know the Biblical mistranslation involved), literal.) This exact same promotion using meet celebrity contests you paid to play (you could throw the thing with entries of up to $25 000, which was commensurate to the number of entries you received) was launched last year. That announcement was made on U2’s official Facebook; -the brand-bleed crossover was officially begun, and officially offensive. Those celebrity stakes included a chance to bike ride with Bono, the promotion of which was through U2’s FB site. (U2’s FB announced the happy winner.) As of December 2015 they were now targeting U2 fans as the fundraiser, but last year’s was the first disclosure this was all being officially matched by Gates Foundation, as the entirety of RED’s funding drives had been for 2016. This time, you could meet the entire band and have them play for you exclusively.

Bill Gates surely would have known the #NoDAPL protest suppression was completely off the chain by the time of U2/RED’s 2016 Shopathon, just as it’s surely known Sophia’s never going to get a Secret Santa down her chimney. In fact the Guardian’s hit piece targeting Trump as an investor was timed to target the blame after the attack dogs had been deployed. Actually it was right on cue with when police and military moved on the Oceti Sakowin camp. 141 arrests followed.  The attack dogs were unleashed by private security, but they weren’t the ones who got kenneled. We got to find out who they were and that they weren’t licensed to work in North Dakota and were from out of state and may be criminally liable, but we never get to hear who hires them. The Guardian will only repeat Trump’s nigh bogus connection to the project.

However, in terms of modus operandi (if not involvement), BNSF was already using private police to perform arrests in Washington State at protest blockades and they were already being blockaded there by climate protests. The public was much more aware of the oil by rail issue than the media gave credit.

#NoDAPL would prove to be the rumble, and why would it not? It was the place and tribes who wiped Custer off the face of the earth Battle of the Little Bighorn in 1876, ground zero of the longest war in American history, in a manner of speaking. The strongest point of Native American resistance, against which a grudge was held ever since. In truth it was the Seven Fires Council who wiped out Custer. #NoDAPL was the first time in 150 years they reconvened (since 1867 –at 0:45) #NoDAPL was a treaty dispute over lands the tribes first relented to being confined to by the US in the Treaty of Fort Laramie, 1851. While the reservation tract is much smaller than that original territory agreement thanks to the second Treaty of 1868, they never surrendered hunting or fishing rights, nor water rights over the land reserved for them in the Treaty of Fort Laramie and the land is unceded meaning “owned by the Sioux, outside of the reservation.” “Almost the entire pipeline from the source to the river” the Treaty of 1868 defined as “unceded.”

This doesn’t quite gel with Obama’s statement that “the pipeline cuts too close to tribal lands in North Dakota.” It’s true the land is outside of the reservation. The Federal government tried to force the issue by giving them money for the land, which the Sioux refused. The Federal government is still sitting on over a billion dollars in trust for that land, that the Sioux still refuse, demanding to retain title. They never let it go. Despite their impoverishment, they never took the money. Obama fed the misapprehension about the Treaty deliberately. He did everything he possibly humanly could to kick the ball and the entire issue past his tenure in avoidance of the interests of his billionaire sponsors, to a president who would surely vet the DAPL, while the injuries, arrests and camp population mounted. He abandoned the issue to brute force by rumble. Of course he was going to vet the pipeline come hell or high water. He as well as anyone else could see where the bomb trains situation was headed.

The Army Corps of Engineers is involved only due to land expropriated from the tribe against their wishes to build the dam that created Lake Oahe. (The dam was just outside the reservation. The USACE expropriated the land inside the reservation to remove several native communities that would be submerged due to the flooding.) But the tribe accepted the monies offered by the Federal Government decades later for that incursion, so they no longer have a leg to stand on on that one.

“The Black Snake is what Lakota people call the Dakota Access Pipeline. It will extinguish the world. For a people who have endured the end of their way of life so many times, who can doubt the truth of their vision, which coincides with scientific truth about the relationship of fossil fuels to catastrophic climate change?” – New York Times

In keeping with a rumble, police were brought in from seven states under an emergency assistance clause (for natural disasters) enacted under Bill Clinton. A security force named TigerSwan who collaborated with Blackwater and was a sub-contractor in the Iraq occupation was brought in to gather intelligence and oversee security. Private security forces brought the usual roster of agent provocateurs. Water cannons were used on 400 water protectors in freezing temperatures at night. Arrests exceeded 600. When 2000 veterans were set to arrive the day before eviction of the camp (set for December 5th), Army Corps of Engineers suddenly announced they were denying the easement through Lake Oahe.  (WP still couldn’t resist braying about Trump’s investment whenever they ran a piece.) It’s like the Army Corps switched sides. (As for the EIS (Environmental Impact Statement) notice of intent the Tribe was waiting for, that was announced on January 18th.) Public input as to why an EIS was needed was being accepted until February 20th. But the the USACE reversed themselves again and declared, after Trump’s executive order, that they intend to grant the easement. The EIS is aborted the moment they do.

Upon USACE’s denial of the Lake Oahe easement, Energy Transfer Partners LLC and Sunoco immediately issued a formal statement. In it they stated they were still “fully committed to ensuring that this vital project is brought to completion and fully expect to complete construction of the pipeline without any additional rerouting in and around Lake Oahe. Nothing this Administration has done today changes that in any way.” Phillips 66, the 25% stakeholder, was notably absent. For some reason they were evading publicity, or putting their stamp on any response, even though they were players.

The entire #NoDAPL protest was (and is) a win-win for Buffett. It delays the pipeline sufficiently long enough to keep boosting his flagging oil by rail shipment, but even if the Standing Rock protestors win their re-route (which was about all you could hope for with the pipeline over 90% complete), he is still going to profit from the pipeline regardless, a pipeline he was forced to diversify into because oil by rail has proven so manifestly unsafe. Even Buffett can register a mushroom cloud for what it means.

This is the world we live in. Callous corporate indifference (structured into governance as we now know with the entire State of North Dakota, with their mighty and brutal enforcement) is compensated for by the appearance of DAPL investor Bill Gates acting as random reddit Secret Santa, though the general public has no clue they bear any relation. That’s the point. They are only supposed to be aware of Secret Santa. Gates himself knew though. In much the same manner the billionaire class purported to be of conscience ‘compensate’ for profiting off global depredation of the planet by funding philanthropic foundations utterly hamstrung by the implementation of their benefactor’s ideology, the PR equivalent is Secret Santa. In the same manner and same respects, philanthropy can never and in no way compensates for planetary depredation. We are dealing with two of the eight richest men on the planet, who possess the same amount of wealth as the lower half of human kind. Think then on what that means if we calculated each of these individuals’ true ecological human footprint, which certainly provides an indicator that all it not well. (According to this critique, our collective human footprint would be worse than 1.5 earths, and it’s all down to deforestation and carbon.) We are dealing with the existential apex of individualism, the very essence of what we’ve internalized so much we can’t break away from it, the very nature of “Consumer Hell”. Is there any compensation this precious minority of eight can provide to the 50% of the human race that somehow or in any way compensates for their acquisition, unique to all of human history and more serious to the planet than it’s ever been when we’re dealing with the specter of catastrophic climate change? No, they could never come close. In short, you can’t save Africa when you’re invested in cooking Africa, i.e., sunk bigger than practically anyone into the Dakota Access Pipeline.

According to this latest figure, Gates Foundation was invested in Berkshire Hathaway at $10.74 billion.  Buffett’s sunk Berkshire Hathaway over $6.8 billion into the Dakota Access Pipeline. 15.77% of Berkshire Hathaway’s portfolio has majority control of Phillips 66 (22%). That’s the equivalent of a $1.69 billion investment in Phillips 66 on the part of the Gates Foundation. The entire climate movement (it doesn’t merit the term ‘protest’) had you chasing after a list of parties (who were loaning/financing the pipeline, not investors) at under the under $600 million mark, down to a paltry $30 million. You wanna Boycott? GOOD. You start with Warren Buffett. And you wallop those philanthropies with a  good ol’ counter awareness campaign, -especially the ones where that’s all they’re good at in the first place. YOU BLOODY PRIORITIZE according to THE BLEEDING MATHs. The Guardian/350.org/tcktcktck consortium of climate “activism” (which doesn’t merit the term resistance), -their “keep it in the ground” campaign’s entire focus was the $722 million Gates Foundation had invested in fossil fuel corporations, one tar sands operation included.

 

PART 3

Image VS. Reality: -Plus What’s Wrong with the DAPL 

 

Fifty years of tailings mismanagement in Alberta: How did we get here, and where are we headed? – The Pembina Institute

What is it to be invested in the tar sands boom, even in the more tertiary form of capitalizing on its shipment? The tar sands’ other output is over 176 km of open toxic tailing ponds  that are death to migratory birds, will be death of the Athabasca River they sit next to the moment we have a sufficient flash flood  (as they are now providing slow death by seepage since there is no impermeable shield between the toxic ponds and the soil), and provide death to the people living there. I suppose you didn’t know this is all sitting on the Athabasca River, which is a tributary of the 2nd largest watershed basin in NA next to the Mississippi, -the Mackenzie. -Good one! The Federal Government of Canada knows all of this, and has deemed it to be in our best interest. -Whose interest, precisely? Surely not Fort McMurray’s, the tar sands boom town where you can make over $100 000 grand per annum with a high school diploma. It just went up in flames last spring (the wildfire precluded the official start of fire season by starting in May) due to the brand new climatologically induced raging wildfire regime consuming the North. This one was of such severity it was dubbed ‘“The Beast”. It was the largest fire driven evacuation in Alberta’s history. It generated its own super cells, winds and created its own lightning. It leapt the Athabasca River and was clocked moving at 30 to 40 meters per second, reaching temperatures of over 1000 degrees Celcius. It consumed nearly 600 000 Ha and made it into Saskatchewan. It now lies smoldering underground in the peat, waiting to resurrect this spring. -That’s a real problem with northern fires. -Ask Alaska.

Welcome to the dilbit/frack billionaires’ not so invisible, off-set costs (visible from space) that are absorbed by society and the environment at large. These are the self-same billionaires who regard divestment from fossil fuels as a “false solution”.  (He’s right but for the opposite reason, it’s the very least of what should be done. Face it, no one who sinks themselves into rail just because of the tar sands/shale boom is going to think divestment is the solution! Get Real!)

“The Gates Foundation has a history of responding to public pressure, while simultaneously not admitting they are responding to public pressure.” -It took protests outside their Seattle office every day (for months), a petition signed by over 300 000 as part of The Guardian’s “keep it in the ground” campaign; (which took no notice of CN, or whether Gates might be otherwise privately invested, in which case the Gates Foundation divesting might simply have been a PR exercise). Gates eventually listened (not 100%, but kudos for divesting from the big one: Exxon at $662 million). Honestly given the fall out of events and when in the timeline protests would have even had to be engaged in on the DAPL to even be effectual from a climactic standpoint (when instead we ended up in this brutal confrontational mess because these investors (not to mention the corrupt state of North Dakota) were treated with total kid gloves all this time), what good did the climate movement do -? They missed Gates Foundation’s biggest/worst investment by a mile (the DAPL), literally until there was no chance of stopping it. You’d think if tcktcktck was serious about their divestment campaign launched at the Gates Foundation, they could have landed on a lightning rod of an issue like #NoDAPL. It had all the right stuff from a PR perspective. How on earth if this is your campaign do you miss this? Oh, wait…

How can Bill McKibben even claim he’s serious about this?! Oh, wait…

Ha-ha-ha!

Are you seriously going to tell me that not one of these campaigns, focused on precisely the investor issue, -when it involved one of the most headline grabbing protests we’ve seen in years, (forget the somnolent the media, the Gates Foundation funds The Guardian’s Global Initiative page), simply didn’t notice who the investor was? All those announcements were going on that Buffett was investing hand over fist in Phillips66 the entire period. They were all over the financial news. Everyone knew he bankrolled Gates Foundation by half. If the environmental groups coordinating the climate divestment campaigns are this incompetent at their calling, we might as well all go bury ourselves right now. It’s no wonder Bill Gates responded by telling them how redundant their divestment campaign is if they can’t even follow the money. Big Hint: They’d missed the oil by rail boom to begin with. It showed they weren’t serious, in just the same manner none of us are serious enough about our habits of consumption. They weren’t by design.

The fact that all of the above was going on and you never heard of the connection; -you heard plenty about Bono and the benevolence exacted by ONE and RED and their benefactors, should be enough for you to register how philanthrowashing works on behalf of the benefactors more than those they’re benefitting. If not, watch and learn, -because I am going to show you how this works with the transition to the Dakota Access Pipeline. You should recognize that the entire transpiration above was effectively philanthro-washed by Bono’s philanthropic endeavors already, because those philanthropic efforts being bankrolled by the above billionaires are what you heard about, -not the sordid actions of their investments that were bankrolling those endeavors. That’s what human “superbrands” like Bono are for.  Philanthro-washing is for providing a subtext of sanctity and doing good so impervious that the entire host of media will simply self censor as they’re simply overwhelmed in the face of your good image. They find it unassailable. Who on earth is willing to jeopardize their career in order to be such a churl as to challenge the most generous and charitable billionaire on earth?

However, that is not simply what is going on in the philanthropic endeavor of Mr. Gates, who is literally curating the image of the Gates Foundation through coordinated funding that works as a stranglehold preserving self-censorship within the most laudatory founts of what we consider the liberal/left media.  Read the list of Media Partners, “New York Times, NPR, the Guardian, NBC, Seattle Times and a number of other news organizations, non-profit groups and foundations. Not all were grant recipients, or partners. Some just came to consult.” It goes without saying this is ripe for investigative reportage, and I’m sure this is not happening because it is, outside of those favored, decidedly opaque. That it will never happen among those with access goes without saying. I’d like to know who everyone is on that list and what their basis for invitation is myself. (It also indicates that if Trump’s defunding plan succeeds, NPR will likely be in the Gates Foundation’s pocket. Let the partisan media wars begin, -except that Obama thought it perfectly fine to create a Federal propaganda division and hand it off to Trump after he won.)

Voila, there’s the New York Times at the top of the list! This self censorship (after all, you don’t get any Gates Foundation funding if you say anything negative about Gates Foundation or their sponsor) protected Buffett and kept them from touching the bomb trains when NYT did their two part expose on the Bakken and North Dakota state corruption, which has already been demonstrated to extend the bomb trains themselves.The point is the New York Times wouldn’t investigate or touch it, even though the incautious shipping and total absence of regulation on what was effectively a new hazardous substance (they left Canada none the wiser about) resulted in 47 dead. New York Times’ censorship is so strong on the matter that you can’t post a comment pertaining to the bomb trains that mentions either Gates or Buffett by name. I know because I tried, and I tried the same reply to a second individual without their names immediately after it did not work (three times). Without their names, the same text and links posted.

Now it is true that North Dakota State avoids direct culpability for the bomb trains since regulation of rail shipment is a federal concern (they could have petitioned the Feds, of course), but there’s no evasion possible on DAPL’s enforcement, –isn’t it lovely? -Incidentally, here’s a lovely 25 point chart of everything wrong with DAPL’s construction plan under Lake Oahe as stands by an engineer with a life time career in the business listing the flaws in the original Environmental Assessment (EA) in order to ram through DAPL’s permission. (His name is Steve Martin. His full report on behalf of the tribe fighting the DAPL in court has just been released.) A full Environmental Impact Study was avoided by the DAPL consortium making their applications for the pipeline piecemeal. They did this deliberately to avoid the much more stringent Environmental Impact Study (EIS, -called elsewhere “Environmental Impact Statement”). This is something North Dakota State could have easily called them on, demanding an EIS be done. Steve Martin has more to say about what’s wrong with the DAPL, in the main pointing out how much more the installation of an underground pipeline is compounded by the length under a water body, and safer relative to the distance being shorter, and how this hampers detection systems for leaks. When they’re allowing much worse projects by Phillips 66 to fly (the pipeline under Lake Sakakawea that endangers the drinking water of several North Dakota cities; Steve Martin has plenty more to say about the design flaws and danger on this -namely when longer HDD tunnels are done, there is no protection of the pipe possible in construction (i.e., casing), plus the danger of hydrofracture increases during installation relative to length) -if North Dakota State is granting permission on pipelines like these, it’s not like they care. No one cared about the Phillips 66 pipeline under Lake Sacagawea (Native spelling) in North Dakota, which has already been whistle blown for shoddy construction. Once it’s under, it’s done. There’s no going back. This pipeline is set to service a rail terminal for BNSF trains, so you never heard of it. The Natives didn’t protest that one. They bought in. (In keeping with our touchstone, consider that your real Route 66[6].)

You can ask a large margin of those who voted for Trump about how and why this could have happened. They were revolted and disgusted by the collusion that went into making Buffett and Gates rail barons that could corner oil shipment into oil by rail using the Keystone protest, bomb trains and all. To them it’s just an adjunct conspiracy to their climate change denial, because pipelines were better (the truth is pipelines also have serious problems with the highly corrosive nature of dilbit). On the Republican side, the rail monopolization of oil transport by the Democrats’ favorite billionaires is broadly public knowledge. The billionaire cronyism relationship on exhibit between Buffett and the ruling Democratic Party, Obama, and Hillary Clinton was a factor in their loss.  And they were right on that count.

The philanthrowash effort in Buffett’s hands is also a lucrative greenwash; it included the protracted foundation funding by Buffett through Novo and Tides Foundation to manufacture the 350.org movement  in order to attenuate and direct the environmental movement towards the Keystone pipeline because that would secure his and Gates’ oil by rail profits. There is also a decidedly partisan connection between Buffett and Bill McKibben, and Bono as well. Between them is the confluence of the neoliberal. Neoliberal is an epithet to me because this is what they are. These are the crimes committed on their watch. They are partisan first, and that means they are not environmental, in fact all ideological cause is subborned to that of the market, and the market’s main driver in America, -making war. This makes them the very opposite of their purported causes, the covert sanction of everything rejected by the Left hiding under the skirt of identity politics.

OK, so in case you’re just too lazy to hop links or too busy read a five part series, in a nutshell McKibben’s 350.org is tied directly to Buffett through his Novo Foundation’s funding of the Tides Foundation, which funds 350.org. Which is bloody brilliant, because it channeled all climate activism to the Keystone XL (when it was already too late to protest that one’s completion as well), which should have aroused the question “Who benefits?” It sure explains a lot at any rate. Like how you could magically de-prioritize the investor who’s into the DAPL for $6.8 freaking billion as unmentionable and invisible. I’m sure the fact that, after all, he’s the one giving you the money surely helps. The #NoDAPL protest marks the second time Bill McKibben’s coordination or involvement with a pipeline protest has directly benefitted Buffett’s economic interests.

Here, asked point blank by Amy Goodman where Hillary Clinton stood on the DAPL, he actually declared “One has no idea.” He also remained true to the formula of mentioning only one of the corporations with a stake in the DAPL (albeit the majority one) -Energy Transfer Partners LLC. But that keeps anyone from landing on Phillips 66’s connection to Warren Buffett in an inter-webs search, -that is if they aren’t drowned by Trump articles in the attempt anyhow. McKibben’s main function in this regard is to insure the water gets deep enough you’ll never touch bottom. Anyone remotely aware of Buffett stumping for Hillary on the campaign trail (or any of the above) should have fallen on the floor laughing at McKibben’s reply to Amy. Really, you kill me. When Clinton finally managed a tepid statement on the DAPL, -a statement that had been literally forced from her by a #NoDAPL protest at her campaign headquarters which she steadfastly ignored, not even accepting a letter, McKibben finally managed to bark a single tweet. McKibben did not even bother with repudiation he should have been well capable of, namely her affiliation and donor support from one of DAPL’s biggest investors, who had been Obama’s biggest individual donor for his 2012 election campaign. Buffett “approves of Trump’s cabinet ‘overwhelmingly’”, by the way.

Between them (Buffett, Gates, and their Bono AIDs charity charm offensive on the one hand, with Bill McKibben flying wingman one the other), it’s no damn wonder you’ve never heard a damn thing about this. Cory Morningstar has provided in depth coverage of Buffett and the “Democrat” (neoliberal) administration’s attenuation of the environmental climate movement. I am going to provide you with some indicator of how Bill Gates turning the media into media partners effectively helped silence the press on their connections to the Dakota Access Pipeline, maybe even to the extent of actively thrusting Trump into the position of drowning the search algorithms to the point you’d never, ever find out just who had control of Phillips 66. Omission in the press means the general public never lights upon the terms to search for. The thrust of the Trump story, and story it was given the relative scale of the investments, was designed to insure what terms were searched and what terms weren’t. Furthermore, Buffett’s foundation funding insures that not only the media are in collusion downplaying the #NoDAPL protest thanks to participating as Gates Foundation “Media Partners” (this in addition to completely avoiding the perpetrators they are protesting), -it is, through its funding control of environmental groups, actually shown to be damaging to the climate change resistance movement (see the above wrongkindofgreen urls, but I’m going to pull some explicit examples for you of how this is attenuated in the press), and most especially damaging to the indigenous resistance movement.

This is highlighted by the spectrum of Bill McKibben’s public interviews on #NoDAPL, especially with The Guardian, who launched the Trump DAPL investment story in the final election heat of 2016, after Trump had already divested. They did this after Washington Post already had gone on record showing this just three days before. The Guardian performed this fake expose that was echo-chambered around the entire leftist media in the last heat of the election (and still is). Just keep reminding yourself, the Gates Foundation is responsible for funding The Guardian’s Global Initiative section.

Then I’m going to show that while Bono may have easily been unaware about this entire business about the bomb trains and the DAPL investment, (which he could and should have known), he’s certainly over a barrel, because it’s fairly demonstrative that RED is, as per the very nature of “consumer activism” a philanthro-washing outfit, and it doesn’t take too much to show you.

 

PART 4

RED is a Philanthro-washing Operation, -Plus Everything Bill McKibben Insured You Did Not Know

 

So what makes RED a philanthrowasing outfit? Let’s begin with the declaration from RED’s official site that a percentile of all corporation affiliated RED products you buy go directly to the Global Fund (all of it -RED claims this can be up to 50% of a purchase, but this is effectively not disclosed), -and 50% percent of those sales revenues go to fight AIDS, and that over its course RED has managed to raise $365 million in this manner. This is a report that was attempted on how that all worked in 2009, when the monies raised by RED stood at $135 million. The monies the corporations claimed as going to the RED cause were simply sequestered from their pre-existing marketing budgets. It short for them the RED cause was a marketing campaign based on human lives; granting them life was really their PR promotion for themselves. These corporations would not disclose the amount of sales that were apportioned to RED. Rather than just contributing to the cause directly themselves by donating, they commandeered witless consumers to spend on their product to do it, while adding a small cut. This is called consumer activism.

Let’s consider Apple, who is hailed in the afore-referenced link announcing RED’s funding January 2016 as a “founding partner” who has since raised $110 million for the cause. Apple is one of the biggest tax evaders on the planet, along with Microsoft, and most of the Silicon Valley corporations sitting here at Trump’s table. (This includes Facebook, who Bono was an invitation only investor of before the stock opened to the public (it made him a mint); -incidentally Facebook’s lead independent Director is the Chief Executive Officer of the Gates Foundation.) They have collectively managed to evade US taxes to the tune of $560 billion. A not insignificant number of these (including Google and Facebook) are based out of Ireland expressly for the purpose of evading taxes in the EU. In fact it was Apple who was penalized for this just recently with the largest settlement the EU has ever exacted for tax evasion, and they were ordered to give Ireland restitution to the tune of $13 billion with interest (which put it over $14 billion). According to the press release on the penalty, Apple’s exclusive Irish tax rate steadily declined from 1% to 0.5%, -coinciding rather remarkably with the period that U2 were shilling expensive, exclusive Apple iPods with their entire song catalogue on them. (With countrymen like this, who needs enemies?)

I’m not sure whether this qualifies the band as uncultured, uneducated, social media Luddites, or just plain naive at this point, so I’ll just stick with my true epithet, as it looks like we’ve found what Bono truly believes in, which is philanthro-washing tax evaders at fractions of pennies to the dollar giving them wonderful RED PR out of their already allocated marketing budget to drape themselves in the red cloak of sanctity of charitable life giving operations, while getting consumers to foot most of the bill, which serves to increase their total sales revenue (win-win-win as PR coup), -whilst simultaneously utterly reneging on social contract with tax evasion that is wholesale divestment of society of astronomical amounts of revenue (not just of nations but entire continents) that would otherwise provide for the population they still manage to convince to spend money on them, by making them feel all warm and fuzzy about themselves because they chose this purchase for RED in order to save lives. That divestiture is in the billions to one, and these corporations have decided where their substituted penny tokenism goes, not governance, and not society. Bono hails this as consumer activism, when it’s really just the targeted exploitation of human conscience in a deliberate displacement designed to maintain corporate total divestment of the consumers themselves. Of course, Apple is one of Warren Buffett’s high dividend stocks. And of course, it looks like Apple will get their US tax break, -from Trump.

I think you can see where this is going, so let’s return our attention to Bill McKibben.

McKibben struck next with a “thought piece” on Grist, apparently designed to develop empathy towards the Native American resistance that created the #NoDAPL protest, as well attempting to ground it in a sense of history, titled “After 525 years, it’s time to actually listen to Native Americans”. He goes onto to instruct the general public to Google “Wounded Knee”, “Custer”, “Washita River”, and “Pine Ridge.” While I’m sure the general public needs an overview, only Custer was directly pertinent to the #NoDAPL location in North Dakota, having suffered the defeat of The Battle of Little Bighorn of 1876 on the bank of the Greasy Grass River (-tributary of the Missouri River, -even rock band the The Black Crowes know the name of this river for this reason, which has since been reduced to Greasy Creek). And if Bill Mckibben was advocating for empathic awareness and unity with the natives on this issue, you would think instead of mentioning the white man involved, he could have had the grace or knowledge to mention who some of the Native historic actors in this defeat were, namely Sitting Bull and Crazy Horse. (Canadian musician Neil Young knows who Crazy Horse is.) This helps evade what this confrontation is rooted in, which is Native American warrior culture. This is not rooted in the civil disobedience pacifism defining the civil rights movement. However it may define itself now, it’s an entirely different resistance movement, definitely rooted in something else, and the defeat of Custer was their greatest victory.

Wounded Knee took place in South Dakota. The Washita River massacre took place in Oklahoma. The Pine Ridge Reservation is in South Dakota, and while it brings up the Treaty of Fort Laramie, you’d be left with no clue at all THAT THIS IS THE TREATY AT ISSUE in the #NoDAPL protest. It is no disservice to reference all this, not at all. The problem is that in allying yourself with a particular Native American cause, you should be aware of its existing roots, and if you’re not providing and sharing that awareness, you’ve defeated the cause by failing to equip the general public to be able to inform themselves of what this contest actually is by exercising their own judgment. If you are aware of these existing roots already (as he well should be in this context), this amounts to a failure in disclosure, a vital one, because it leaves the public ultimately and completely uninformed on this issue that caused this Native American confrontation with North Dakota State at this location in the here and now. There is no mention and no reference whatsoever to the Great Sioux Reservation in North Dakota where this is all taking place, when everyone could have really, really used a map right about now. This from a “Schumann Distinguished Scholar in Environmental Studies at Middlebury College, and a founder of 350.org. He is a member of Grist’s board of directors.” -How nice. As a director, he could have laid out anything he wanted to. He didn’t even mention the Treaty.

-How come a Canadian, Cory Morningstar, is left to provide the history of the Treaty(ies), provide the maps of the existing reservation and the land allocated by the Treaty of Fort Laramie? -How come we know better than you? It’s not a question of superior knowledge, it’s that in devising a statement apparently designed for the public to develop empathy with the Natives, he wasn’t even grounded enough to focus on the background and history of #NoDAPL itself. Which would be a fairly slight slight, -apart from the fact that it left the general public he was purportedly informing completely without compass or reference point, and yet, paradoxically, if they’d followed McKibben’s instructions, feeling completely grounded in what was in fact a total evasion of the issue at hand. Amazing, what?

The implications of this piece are much worse. It takes a Cory Morningstar to not only give you the history, but name all the tribes involved and ground you in the financials of the here and now (as her piece does, Buffett included), including again a realm of scam and fraud over leasing rights to frack, directing you to the frack boom in Fort Berthold Reservation and the Lake Sacagawea (Sakakawea) pipeline. It remains to her to delineate the entire scope of oil and gas (and nuclear) development presently going on in the Bakken, and who benefits, -the sponsor of 350.org twice removed that Bill McKibben will never reference. But worse yet, what is truly astounding about McKibben’s total omission of this pivotal investor behind the DAPL, is that this isn’t, given his massive array of investments, the first time Buffett has targeted a Native American tribe over a Treaty issue for fossil fuel development, or was met with the resistance of several tribes. In particular, Buffett was going head to head with the Lummi Nation in Washington State over the development of a coal port at Cherry Point. Once again it remains to Cory Morningstar to set you straight. This fight also got dirty, with “Burlington Northern Santa Fe Railroad are now laundering funds through the Washington Republican Party to donate to pro-coal candidates for Whatcom County Council.” -Oh. You don’t say.

If Bill McKibben was onside with the Native American cause, he’d bloody mention the opposition, as well as knowing who and what they’re up against elsewhere. It’s not like a new coal port (Gateway Pacific Terminal (GPT), for export to China) is an unsuitable point of resistance for the climate movement.

This might be considered a mis-step unless it were patterned behavior, which was indicated when he provided an ultimate capitulation of sorts by way of The Guardian while touting the victory at Standing Rock when USACE denied the last needed easement for completion the DAPL. What’s truly astonishing about this one is that while he touts the alliance of 200 tribal nations that came together and made the #NoDAPL protest win this unprecedented battle, he then doesn’t mention the most significant bi-national tribal alliance that developed in tandem with this resistance, even though he asserts that in the near future, they’re going to be responsible for “Standing Rock North” around two tar sands pipelines in Canada he doesn’t bother to specify at all, namely the Kinder Morgan pipeline and Energy East. If you’re participating in climate resistance, you sure as hell be specific as to the next points of resistance where public participation will prove needful. Indeed one of these, the Kinder Morgan Trans Mountain Pipeline had already been the site of multiple arrests at Burnaby Mountain. This is again a catastrophic failure to convey information to the general public, information he is not remiss about. As for the “Canada First Nations” organization he said would be behind the protest but didn’t even bother to name, he himself had retweeted them, knew they were the Treaty Alliance (against the Tar Sands), but here he was not only evading their name but the fact that he knew they had a homepage. This prevented the general public from Googling both the Native center of the pipeline resistance and the prospective pipelines involved. This was particularly true with respects to the Kinder Morgan pipeline, which Prime Minister Justin Trudeau publicly approved less than one week before, so it just had hit the media fan, and both Canada’s environmental and indigenous movements were up in arms. But unless they were already this well informed about Canada, The Guardian’s readership were rendered incapable of putting 2 + 2 together thanks to McKibben. Talk about dropping the ball.

When Canada’s Prime Minister was asked whether he was willing to arrest tribal elders (which is sure to happen), Justin Trudeau’s reply was Canada was a nation under “the rule of law” (15:50). No one in the Liberal government would rebut “a pledge made [two days after Trudeau’s approval of the Trans Mountain pipeline] by federal Natural Resources Minister Jim Carr to use Canada’s military to deal with ‘non-peaceful’ anti-pipeline protests” inveighing the government would willingly militarily enforce the Trans Mountain pipeline’s construction against Canada’s First Nations people for the sake of a foreign multinational, Kinder Morgan. (Trudeau’s father is the only Prime Minister to invoke the War Measures Act (basically martial law) outside war time, dubbed the “October Crisis”.)

Given the mass arrests to prevent the logging of virgin coastal temperate rainforest that occurred on the BC coast in the past (namely Clayoquot Sound, the largest civil disobedience action mass arrest site in Canadian history at well over 800 people, -at a site that was pretty inaccessibly remote, yet managed to become a standing camp of over 5000 people, which is really saying something for a nation with a similar population size to California, where the vast majority of those arrested under what were arbitrarily made criminal charges were BC residents), -given the way the people of BC are willing to put themselves on the line for the environment, resistance to the Trans Mountain on the west coast in Canada’s third largest urban center could end up making Standing Rock look small. It may also well prove the biggest challenge the Treaty Alliance has to face. Bill McKibben found neither worth mentioning by name.

McKibben’s gloss over article in The Guardian also meant no one knew how unprecedented the Treaty Alliance is, and was deliberately misleading as to the fact that it is a bi-national alliance that has since expanded to include over 120 Native tribes in both the US and Canada, -not to mention that they all co-signed a Treaty to do it. It has the strength of an actual Treaty between this number of tribes. In all probability McKibben was averse to making any reference to a movement that wasn’t just against a pipeline here or a pipeline there, but had been co-signed to curtail any and all tar sands development, which is again aversion on Bill McKibben’s part to any climate resistance action that’s really real. And again, he avoided framing the confrontation in terms of the real opposition (namely the investors) completely by framing the opposition solely in terms of Trump.

Getting the general public to participate on effectively stopping the DAPL was worth one tweet;  the Women’s March was worth over ten times as much to Bill McKibben. He couldn’t even issue a statement as to what the implication of finally obtaining the EIS declaration of intention meant and what you as a citizen could now do to legally oppose the DAPL. That pivotal discussion was left to YES Magazine.

-I think we’re done now. Let’s finish roasting Bono. Where the eye gazes, it burns; fire is all it sees.

Let’s start with one of RED’s seminal partners (that’s a cool $10 million from them right there ) – Bank of America. Bank of America is indelibly imprinted with the slogan “Too Crooked to Fail”. $10 million seems incredibly generous. $8 million of this was a grant outright, and $2 million was a match fund that would depend on how many people chose to download U2’s “Invisible” song for free in the first 24 hours it launched. (Someone b****-slapped @BofA on twitter about how there should be no $2 million funding cap on this drive; they removed the cap and the result was they ended up matching the drive based on total downloads for a cool $3.1 Mil.)

When you realize that this was launched for the Superbowl and a Superbowl slot would have cost them $4 million for a 30 second commercial slot, and U2 gave them a 4 plus minute slot launched during the Superbowl of impeccable marketing with their name on it for the cause of saving lives, surely, given their patronage was about the equivalent of purchasing papal indulgences in real lives, -surely it was the least they could have done! At that point it just becomes good marketing for Bank of America, which God knows they needed at that moment, after all, this is what they’d done to America. Nor were they going to pay for it, at least not to those they really hurt. Millions of American homeowners got shafted.

The point was, this settlement had just been announced for Bank of America in January. The philanthrowash could not have proven more timely. And compared to how they’d screwed over mortgage securities and compared to the fines levied on them for their crimes, the image makeover RED provided was practically nothing. The settlement for the millions of homeowners they’d destroyed was still in process, and God knows they needed to look charitable before that one came down the pipes. At the going rate, had they purchased the best PR money could buy in the attempt to redress their image on Superbowl Sunday, RED probably cost them less. This is not to impinge on RED’s good deed. Rather it’s pointing out just how little of a good deed it is for a very bad corporation.

This Christmas Season Bank of America helped paint New York Times Square REDtm. This year, Bank of America are subject to the boycott campaign to divest of the banks loaning credit for the Dakota Access Pipeline. They’re in for $350 million.

-It so happens if you look at the list of the seven largest tax evaders in Europe, four of these appear on RED’s corporate partner list in this 2009 article. And that’s not looking into the matter with any scrutiny. One of them likes stripping the Boreal to the tune of 4 billion disposable paper cups annually (as if that’s “normal”).

Yet even Bono managed to outdo himself, by getting named Glamour’s “Woman of the Year” precisely for becoming this sort of paragon of “consumer activism”.

He literally hijacked feminism and made it #brandfeminism, -merely an adjunct to the philanthrowash of his billionaire benefactors and a philanthrowash the Dakota Access Pipeline, and all of #NoDAPL’s brutality, against women. Lots of Women. Lots and lots of them. We stand with Sophia.  We stand with the women of Standing Rock.

While all these women were being brutalized and Bono was simultaneously receiving his “Woman of the Year” award for successfully performing the philanthrowash of those whose investment was being enforced by this brutality, the whole U2 band put themselves forward as a contest reward where you could meet them this year’s Shopathon, funding matched by Dakota Access Pipeline investor Gates Foundation. Post holiday binge and post Trump, The Edge made a point of performing at the #WomensMarch with Julliette Lewis (who played Mallory in “Natural Born Killers”). It’s like the hijacking of authenticity and resistance is never going to stop. Julliette Lewis sang “Pride (In the Name of Love)”, which no doubt under the existing cirumstances would have been enough to have MLK rolling in his grave.

I wanted to double over and vomit. I wanted to double over and vomit when Lac-Megantic burned alive; I was writing this essay before that happened. Bono’s succeeded in insuring the feeling’s never left.

On January 27th, 2017, it was announced that Gates Foundation declared an intention to “Sell Almost $10 Billion Worth of Berkshire Hathaway shares” (intention does not necessarily mean they will follow through). Wow. Now you know I was right on my numbers, Gr. 5 maths. In fact it appears they’ve been divesting steadily as of September (that’s the latest available update period in share transactions on this page, and the above announcement chronicles the same thing happening as of November). It was even going on as far back as March.

Someone must’ve said ‘Boo’.

“The Gates Foundation has a history of responding to public pressure, while simultaneously not admitting they are responding to public pressure.”

A little late, mate. I think the fact it happened at all means a bill is still due.

So’s RED’s page has no announcement of the winners of this latest and greatest Gates Foundation matched Shopathon shizzle (they’ve probably done it by e-mail). The winners were supposed to be informed on Friday, January 27th. Those winners won’t ever even know what they were actually participating in.

“How sexy am I now?” (Since I have a twee bit more identity with this plot line, than U2.)

Your Postscript: Can you even imagine what you’re never going to know now that Bono’s billionaire benefactor also gets to curate Facebook for #fakenews? Bow. Wow.

Canada’s Postscript: An interview with the inventor of human ecological footprint calculus, Bill Rees, provides more proof that economists aren’t engaged in anything akin to reality when discussing carrying capacity. At Bill’s first presentation of his application, an economist gave him this rebuttal:

“’Look, economists have long ago resolved this issue. Carrying capacity has no meaning, whatsoever, because, after all, we can trade. Almost any area, like the lower mainland here has certain resources in surplus. And, if there is anything in short supply then we just sell off what we have in surplus in exchange for what we need, such as food, and thereby we can overcome any local limits to the carrying capacity of the area. And if trade doesn’t work, then there is technology.’ In fact, it’s almost a doctrinaire position in modern economics, that human ingenuity is capable of substituting for almost any good or service provided by nature.”

-Food was and is what BC is in shortage of; 70% of BC’s produce comes from [drought stricken] California. -And here we are about to sink 30 000 acres of prime agricultural land for the Site C dam(capable of feeding at least 1 million people) for electrical power BC residents don’t even need. It’s been asserted the excess power is for export to California. Its immediate use will be for corporations to frack with. It’s other use (potential and logical, given the total illogic of its construction) is so we’ll be perfectly situated for water export in cooperation with NAFTA conditions, -to drought stricken California. Rather than achieving self sufficiency on our own land (by watering agriculture with the river in its very own fertile valley), we’re going to drown the land, just in order to pollute the living f*** out of BC’s North for foreign multinationals to frack, and we’re going to basically rape BC residents’ utility bills and tax rates to do so, just to export the water so California can sell the produce back to us at extortionate prices that will also be accounting for the cost of shipment or our water. Yes, neoliberal Trudeau vetted that one too. Of course, this is what happens to Canada’s third largest public utility (this becomes their notion of sound business) -after they’ve already been privatized and partititioned out to an American consulting firm that only just managed to distance itself from Enron’s carcass. Tallk about poisonous exports maligning Beautiful British Columbia. They’ve succeded in not only destroying our public utility, but using it to destroy the province itself.

-And I’m supposed to be thrilled I’m part of the human race. With corporate globalization structured like this, who needs enemies?

 

[Pamela Williams is the author of The Raydiant Labyrinth, which covers over twenty years of music lyrics (including U2’s) in the interest of delineating a transcendent concept that implies transcendent consciousness, inadvertently participated in by a host of alternative graduated to mainstream artists. U2 was arguably the first. She does not appreciate that their topical nature in her research obliged her attention anymore.  She can be contacted at the book’s website, www.theraydiantlabyrinth.com and exists on twitter as @raysondetre.]

Buffett’s Grandson Seeks Own Investment Route: Social Change

New York Times

November 19, 2015

By David Gelles

 

“It’s about taking the potential for capitalism to the next level.”

 

Keystone XL: The Art of NGO Discourse – Part IV | Buffett Acquires the Non-Profit Industrial Complex

$26 Million Shades of Grey

 

September 10, 2014

 

Part four of an investigative report by Cory Morningstar

Keystone XL Investigative Report Series [Further Reading]: Part I • Part II • Part III • Part IV

Tar Sands Action & the Paralysis of a Movement – Investigative Report Series [Further Reading, September, 2011]: Part I • Part II  [Obedience – A New Requirement for the “Revolution”] • Part III [ Unravelling the Deception of a False Movement]

 

Ignoring the Fact that the Oligarchs Finance the “Movements” | TIDES

The United States of America is not a democracy, but an oligarchy – with the rich controlling government decisions and the average American having practically zero influence over public policies. Some call it a capitalist dictatorship, where “capital” does the dictating.

Here’s a good example of the oligarchy controlling the puppets. During the last four years, Americans have been coerced into focusing on a single, symbolic campaign to Stop the Keystone XL Pipeline. This campaign was funded in large part by the Tides Foundation, which distributes the funds (from other foundations) to qualifying NGOs and groups. The number one funder of the Tides Foundation leading up to and during this time period was none other than the NoVo Foundation, founded on monies provided by Warren Buffett. [“NoVo was created in 2006 after Warren Buffett pledged to donate 350,000 shares of Berkshire Hathaway Inc. stock to the foundation.”] It is maintained by Warren Buffett’s son, Peter Buffett (co-chair) and Peter’s partner, Jennifer Buffett (president and co-chair).

Graph [1] [From part III | Beholden to Buffett]

“Anonymity is very important to most of the people we work with.” — Drummond Pike, Founder of Tides

Drummond Pike founded Tides Foundation in 1976 [2], the Tides Center in 1996 [3], the Advocacy Fund in 1994, Groundspring.org in 1999, Tides Inc. in 2003 [4], Tides Shared Spaces/Tides Two Rivers Foundation in 2004, and the Tides Network in 2006 [5].

By 2010, Tides’ combined cash flow regularly exceeded $200 million per year. Pike served as Chief Executive Officer of all Tides organizations until November 2010.^[Source] Pike received an annual base compensation of $240,000 (2010), according to the 2010 Tides Foundation 990.

More recently Pike was named a Principal with Equilibrium Capital (a private equity impact investing firm based in Portland – the very kind promoted by 350.org’s divestment campaign. (“Distribution and Sales: We raise and scale institutional-quality capital.”) According to Tides, Pike is also volunteering time with Paladin Partners, LLC. Paladin Partners provides financial plans, consulting services, and investment services.

Pike currently serves on the Board of Directors of Working Assets, which he co-founded with Michael Kieschnick and Laura Scher. CREDO Mobile is a division of Working Assets. Prior to co-founding Credo Mobile (formerly known as Working Assets Wireless), Kieschnick worked at the U.S. Environmental Protection Agency. Kieschnick also served as an economic advisor to Gov. Jerry Brown of California (1980–1982), and helped create several “socially responsible” investment (SRI) funds ^[Wikipedia]. Again, these are the same SRI funds promoted by the 350.org divestment campaign.

 

Photo: REVEL 2011 Awardee Naomi Klein (350.org board member) with Michael Kieschnick. Michael Kieschnick is a co-founder (with Drummond Pike of Tides) and president of Credo Mobile. Image: Rainforest Action Network via Flickr. Rainforest Action Network’s ultra white and ultra elite annual benefit REVEL event. ^[6]

As illustrated by the intermingling of many of these behind the scenes capital investors, The Tides Foundation could best be described as a priceless, magical, money funneling machine of epic proportions for the oligarchs. It receives money from donors and then distributes these funds to the recipients of their choice. In this way, donors can strategically fund specific campaigns or specific organizations without ever disclosing their identities. These transactions are called “Anonymous Donor Advised Funds” or simply “Donor Advised Funds.” (Many such transactions are documented in the information that follows. The NoVo Foundation makes grants to Tides (to both Tides Foundation and the Tides Center).

The Tides Foundation focuses on fundraising and grant-making, while the Tides Center operates as a fiscal sponsor (“to promote and support emerging social change and educational programs”) enticing novice NGOs to the shelter of Tides’ own charitable tax-exempt status, and other desirable/coveted benefits.

The far-right website, Activist Cash, is perceptive in their following observation:

“Tides does two things better than any other foundation or charity in the U.S. today: it routinely obscures the sources of its tax-exempt millions, and makes it difficult (if not impossible) to discern how the funds are actually being used…. In practice, ‘Tides’ behaves less like a philanthropy than a money-laundering enterprise… taking money from other foundations and spending it as the donor requires. Called donor-advised giving, this pass-through funding vehicle provides public-relations insulation for the money’s original donors. By using Tides to funnel its capital, a large public charity can indirectly fund a project with which it would prefer not to be directly identified in public…. In many cases, even the eventual recipient of the funding has no idea how Tides got it in the first place.”

This fits the Buffett to NoVo to Tides to 350.org, et al. transactions – to a T.

As the following information will demonstrate, money (in the form of Warren Buffett’s Berkshire Hathaway stock) was funnelled from Warren Buffett to the Buffett family’s NoVo Foundation to Tides and finally, to selected NGOs who led the Stop the Keystone XL campaign (which played a key role in Warren Buffett achieving his 21^st century oil-transporting rail empire), thus demonstrating the need for covert funding of highly financed “movements” brilliantly.

Of course, these are not real movements but merely highly financed campaigns presented as “grassroots” movements. The sources of the funding (the wealthy elite, corporations, unions, other foundations, etc.) are “giving” the funds for specific reasons, campaigns and purposes – as the Buffett-NoVo-Tides transaction so brilliantly demonstrates. Thus, philanthropy should not be considered unbridled generosity, but rather strategic, long-term investment and tax evasion under the cloak of good will. Further, without an insider and/or documents, it’s almost impossible to follow the money, which is exactly why foundations are so imperative to the oligarchs that finance them to the tune of billions of dollars.

Ignoring the Fact that the Oligarchs Finance the “Movements” | Buffett’s NoVo Foundation

Above: Illustration courtesy of Stephanie McMillan. Further reading: Offsetting Resistance

In 2010, the Keystone XL pipeline was pushed to the forefront by the non-profit industrial complex, in tandem with both mainstream and so-called progressive media, to become the main focus of the anti-tar sands campaign and indeed, the climate movement as a whole. While it deliberately and strategically captured the full attention of the populace, billionaire Warren Buffett, financial advisor to Barrack Obama, quietly built his 21^st century rail dynasty with absolutely no dissent or interference. All eyes were on one single pipeline that was, for the most part, already built.

Image: Pipelines in North American Pipelines (all commodities) Source: The Globe & Mail, Feb 19, 2011

 

Image: Moving the Crude, March 10, 2014: “Three years ago, there was not that much crude oil moving by rail. Most tank cars were searching for ethanol as demand for the mandated fuel additive dropped. The Bakken oil fields were just starting to show promise, the development rush was just starting, and the Keystone XL was encountering its first real obstacles. Funny what can happen in three years. While pipelines still are the dominant method for moving both crude and petroleum products, rail is growing at an exponential rate.”

It should be of no surprise to anyone that the NoVo Foundation holds shares in Berkshire Hathaway Stock. According to the NoVo Foundation website, in 2006, Warren Buffett “promised to give roughly $1 billion of Class B Berkshire Hathaway stock to each of the foundations his children run as part of a plan to give the bulk of his fortune to charity.” Buffett’s comment would serve to be most prophetic:

“‘They’ve done everything I’ve hoped for and more with the original gifts.’ …Peter Buffett said it’s nice to hear his father praise the charitable work he has been doing and that this latest gift should enable NoVo Foundation to accomplish more. ‘It means we get to go deeper essentially.'”

According to Forbes, Buffett further pledged $3 billion of Berkshire Hathaway stock to his children’s foundations in September of 2012. On July 14, 2014, Buffett “donated 1,160,981 shares of Class B Common Stock to each of the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation pursuant to his previously announced irrevocable pledges to these foundations.” ^[Source] “By donating at the market value of the shares, Mr. Buffett gets credit for the appreciation in the shares, but doesn’t have to pay income tax on his gain.” (Buffett is not alone in his understanding of how to sidestep income tax. “Facebook CEO Mark Zuckerberg has done the same thing. Mr. Zuckerberg donated $500 million of his Facebook stock to the Silicon Valley Community Foundation. Zuckerberg made his donation in the form of 18 million shares, translating to a $500 million tax deduction.”) ^[Source]

Funding Buys Both Acquiescence and Silence

“North America’s major freight railroads are in the midst of a building boom unlike anything since the industry’s Gilded Age heyday in the 19th century.” – The Wall Street Journal, March 26, 2013

On July 6, 2013 rail tankers transporting Bakken crude oil derailed, annihilating the entire downtown district of Lac Mégantic, Quebec.

Up to this time, the leading NGOs that led the Keystone XL campaign only uttered the word “rail” publicly, when unable to manoeuvre the growing dialogue on the issue of expanding rail. This would be Canada’s worst rail disaster since 1864, killing 47 citizens, including children, 5 having been completely vapourized.

The Lac Mégantic tragedy was so horrific that it could not be ignored. If ever there was a time to campaign on the dangers of crude oil transported via rail, this was it. If ever there was a time to focus on the necessity to end tar sands extraction, at the source of production (which translates to a massive decline in energy consumption and economic growth), rather than a single pipeline, this was it.

Although 350.org would have you believe they are campaigning against tar sands, it speaks volumes that these groups made no mention whatsoever of the apocalyptic remnants of Lac Mégantic to their “followers” / supporters.

Aside from an honourable mention to 350Maine, the only reference to the most dreadful accident directly resulting from oil via rail (as of July 22, 2013), is a press release (simply titled “Over fifty groups call for tougher oil transportation safety rules”) quietly sent to media on July 22, 2013. ^[Source]

NoVo Grants to Tides

The NoVo webstate states: “Jennifer and Peter have been active philanthropists since 1997. NoVo was created in 2006 after Warren Buffett pledged to donate 350,000 shares of Berkshire Hathaway Inc. stock to the foundation.” Yet 990 forms demonstrate that the NoVo foundation actually filed a tax return in the year 2000 under the name The Spirit Foundation.

NoVo 990, 2012: Warren Buffett contributed $53,089,976.00 to NoVo | NoVo’s contribution to Tides: $795,000.00 (TC); $3,269,685.00 (TF) ($181,040.00 – Anonymous Donor Advised Funds) (TF) (Indigenous Peoples Fund $1,735,000.00) (TF); $350,000.00 (TC); $477,557.00 (TF) ($174,087.00 – Anonymous Donor Advised Funds) (TF) (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2011: Warren Buffett contributed $51,808,325.00 to NoVo. | NoVo’s contribution to Tides: $275,000.00 (TC); $75,000.00 (TC); $254,000.00 (TC); $350,000.00 (TC); $180,000.00 (Anonymous Donor Advised Fund) (TF); $500,000.00 (TF); $535,000.00 (Indigenous People’s Fund) (TF); $250,000.00 (TF); $395,000.00 (TF); $100,000.00 (TF); $250,000.00 (TF); $25,000.00 (TF) Approved for future payment: $275,000.00 (TC); $75,000.00 (TC); $700,000.00 (TC); $250,000.00 (TF) (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2010: Warren Buffett contributed $56,167,099.00 to NoVo. NoVo’s contribution to Tides: $293,000.00 (TC); $49,284.00 (TC); $535,000.00 (Indigenous People’s Fund) (TF); $1,425,000.00 (Anonymous Donor Advised Fund) (TF); $25,000.00 (Anonymous Donor Advised Fund) (TF) (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2009: Warren Buffett contributed $43,874,620.00 to NoVo. | NoVo’s contribution to Tides: $275,000.00 (TC); $25,000.00 (TC); $1,000,000.00 (TC); 606,000.00 (Anonymous Donor Advised Fund) (TF); $2,000,000.00 (Indigenous People’s Fund) (TF); $250,000.00 (Anonymous Donor Advised Fund) (TF); $40,000.00 (Indigenous People’s Fund)(TF); $350,000.00 (Anonymous Donor Advised Fund) (TF); $1,000,000.00 (Anonymous Donor Advised Fund) (TF); $275,000.00 (TC); $500,000.00 (Indigenous Peoples Fund) (TF); $450,000.00 (Anonymous Donor Advised Fund) (TF). (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2008: Warren Buffett contributed $62,765,356.00 to NoVo. | NoVo’s contribution to Tides: $330,000.00 (TC); $250,000.00 (TC); $500,000.00 (TC); $550,000.00 (TC), $500,000.00 (TC), $500,000.00 (TC), $2,600,000.00 (Donor Advised Fund) (TF). (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2007: Warren Buffett contributed $61,745,250.00 to NoVo. | NoVo’s contribution to Tides: $500,000.00 (TC); 4,000,000.00 (environmental fund) (TF); $1,000,000.00 (TC); $2,000,000.00 (environmental fund) (TF) (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2006: Warren Buffett contributed $52,957,500.00 to NoVo. | NoVo’s contribution to TIDES: $2,000,000.00 (Environment Advised Fund)(TF) $6,000,000.00 (Environment Advised Fund) (TF). (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2005: ***FORMERLY KNOWN AS THE SPIRIT FOUNDATION | Spirit’s/NoVo’s contribution to Tides: $3,000,000.00 (Environment Fund) (TF); $8,000,000.00 (Environment Fund) (TF) (Grants and contributions paid during the year or approved for future payment.)

NoVo 990, 2004: THE SPIRIT FOUNDATION | Warren and Susan Buffett contributed $10,020.00 to Spirit. The Susan Thompson Buffett Foundation contributed $10,792.00 to Spirit. Spirit’s contribution to Tides: $25,000.00 (TC); $2,940,003.50 (TC); $105,000 (TC) (Grants and contributions paid during the year or approved for future payment.)

 

$26 Million Shades of Grey 

 

Graph [7] [From part III | Beholden to Buffett]

It is important to note that the many of the funds above, from NoVo to Tides, are designated, on paper, to specific campaigns. Yet at the same time one must be cognitive of the observation mentioned prior: “Tides does two things better than any other foundation or charity in the U.S. today: it routinely obscures the sources of its tax-exempt millions, and makes it difficult (if not impossible) to discern how the funds are actually being used….” With $26 million in funding, one can safely assume two things: that Tides and NoVo have a relationship that extends far beyond what is documented on paper, and that Tides will not be funding a campaign against Buffett’s crude-via-rail dynasty anytime soon.

 

Timeline:

 

• June, 2006: Warren Buffett pledged to donate most of his wealth to the Gates Foundation as well as other philanthropic organizations, including NoVo.
• 2007: Warren Buffett’s Berkshire Hathaway begins to acquire the Burlington Northern Santa Fe railroad stock.
• 2007: 60% of Marmon Holdings (Union Tank Car Co.) was acquired by Buffett’s Berkshire Hathaway, with the remaining 40% to be acquired in the next five to seven years.
• Aug 19, 2008: Warren Buffett and Bill Gates make a quiet visit to the Alberta tar sands.
• August 2009: US State Department approves Enbridge’s Alberta Clipper Pipeline, a key tar sands pipeline. 350.org et al are silent.
• Nov 3, 2009: Warren Buffett’s Berkshire Hathaway proposes to purchase BNSF Railway as a wholly owned subsidiary for $34 billion in the largest deal in Berkshire history. As of June 2009, Berkshire Hathaway was the eighteenth largest corporation on Earth.
• Feb 4, 2010: 86 US organizations call on President Obama to reject the pipeline.
• 2010-2014: Warren Buffet succeeds in building a 21^st century rail empire with no dissent. Crude via rail soars.

Graph [8] [From part III | Beholden to Buffett] Note: Dirty Oil Sands is now Tar Sands Solutions Network.

As crude via rail soars, NoVo’s own net worth soars with it. Yet, there has been no reaction to the fact Buffett’s NoVo has been the number one contributor to Tides. Rather, the symbolic “Stop the Keystone XL” campaign still drags on….

“With the fight over the Keystone Pipeline still raging in Washington, a Kansas-based rail operator and an oil logistics firm are planning a rail terminal in Port Arthur that could double the number of barrels of oil sands crude flowing to the Gulf Coast from Canada…. Kansas City Southern stock jumped up as high as $110.76 a share following the announcement.” — Keystone? Who needs it? Railroad plans fuel terminal for Port Arthur, Boz Journals, July 10, 2014 [Emphasis added]

All while the majority of the public has no clue that not only has much of the pipeline already been built, much of it is in operation. Again, sadly, it appears that the right of centre is much more astute than the left. On September 5, 2013, an article appearing on The American Enterprise Institute reproduces the following from U.S.A Today:

“The biggest mystery about the Keystone XL pipeline is why its final stage hasn’t already been approved by the Obama administration. There are six things most people don’t know that make the mystery deeper … following the contentious Keystone pipeline debate, you can be forgiven if you think that the fight is over whether to build it. That’s not quite right. The Keystone system has already been transporting oil sands from Canada to U.S. refineries in the Midwest for three years – with no major leaks. The Keystone XL project that has received so much attention is the last phase of a larger project. [Emphasis in original]

Phase 1 has been operating since 2010, carrying oil from Alberta across three Canadian provinces and six states to refineries in Illinois (see solid brown line in map).

Phase 2 expanded the system from Steele City, Neb., to Cushing, Okla., a major U.S. oil refining and storing hub (see solid green line in map). It went operational two years ago, again with no major problems.

Phase 3, under construction, extends the pipeline from Oklahoma to the Gulf Coast refineries in Texas (see orange dashed line in map). President Obama even gave a speech in Cushing in March 2012 — during his re-election bid — praising the pipeline extension as good for the economy.

Phase 4, the Keystone XL, would build another extension to the pipeline system from Alberta, crossing only three states (Montana, South Dakota then Nebraska, see blue dashed line in map).”

Graph [9] [From part III | Beholden to Buffett]

In keeping with reality, perhaps it is necessary to outline the fact that Tides, recipient of millions of dollars (approx. $26 million since 2004) via the Buffett family’s NoVo Foundation, in turn, also channels hundreds of thousands of dollars into Ceres (350.org divestment campaign partner), with grants spiking up to and during the peak years of the Keystone XL campaign (years 2009, 1010 and 2011). (As disclosed previously, in 2010, Tides granted $150,000 to Ceres, with $100,000.00 of these funds specifically earmarked for a “tar sands campaign.” [Tides 990, 2010] As well, in 2008 Ceres received $50,000 from Wallace Global, also designated for a tar sands campaign.) [TIDES FUNDS TO CERES (LIST OF GRANTEES): 2011, $120,000.00 | 2010, $150,000.00 | 2009, $100,000.00 | 2006, $17,500.00) | 2004, $25,000.00]

One could argue that since the NoVo Foundation was established with Warren Buffett’s Berkshire Hathaway stocks (it continues to receive bulk shares), it therefore dismisses any just questioning of the funneling of revenue from Warren Buffett, into his family’s NoVo Foundation and then into the Tides Foundation. One may wish to deem this as completely irrelevant, despite the fact that the Tides Foundation was/is the key distributor of anti-pipeline campaign financing for the non-profit industrial complex. Yet the fact that the NoVo Foundation’s wealth (and power) increases when and as long as the Berkshire Hathaway stock increases (with expanding rail transportation of oil) – surely demonstrates a devious strategy on the part of both benefactor and recipient. At minimum, it demonstrates an almost criminal conflict of interest.

“Philanthropy, we are told, is to replace the welfare state: instead of attempting to redistribute wealth via taxation and democratic planning, austerity politicians are in the process of dispatching with what they view as an irritating relic of working class history. In its place we are informed that we should rely upon the charity of the greediest and most exploitative subset of society, our country’s leading capitalists. A group of individuals whose psychological temperament is better described as psychopathic rather than altruistic.” — Michael Barker — paraphrased from Joel Bakan’s The Corporation: The Pathological Pursuit of Profit and Power

The media’s glorification of those who profit the most from the rape and pillage of our planet acts as a shield for brilliant albeit pathologically rich human beings. The media’s glorification also applies to those selected and assigned to leadership positions within the non-profit industrial complex. The media assures us that everyone we know adores and trusts these manufactured celebrities. In Rockefeller We Trust – meekly, and cowardly, we collectively kowtow to the implanted meme insulated within the masses.

We have to consider that in 2002, prior to Buffett’s foray into concern over the environment and previous to his focus on rebuilding North America’s rail empire, there were no contributions from the NoVo Foundation (operating under the name Spirit Foundation) to Tides, whatsoever. (Warren Buffett contributed $300,000.00 to the Spirit Foundation that same year.)

It is of interest to note that Suzanne Nossel, former Executive Director of Amnesty International USA and trusted instrument of American hegemony, serves on Tides Board of Directors. On Oct 1, 2012, in the article, Amnesty Coup, author Jay Taber writes: “As an experienced advocate for neoliberal coercion to achieve American hegemony, she has taken an aggressive pro-war stance over the last decade, including the US invasion of Iraq and the NATO bombing of Libya.”

All while:

“Gary D. Schwartz joins NoVo after fifteen years of service at Tides. He was the founder of the Tides’ New York office and served in many different capacities during his tenure there including Interim CEO before departing in 2014.” [Source]

 

The interlocking directorate contagion continues to thrive in the non-profit industrial complex.

 

[Cory Morningstar is an independent investigative journalist, writer and environmental activist, focusing on global ecological collapse and political analysis of the non-profit industrial complex. She resides in Canada. Her recent writings can be found on Wrong Kind of Green, The Art of Annihilation, Political Context, Counterpunch, Canadians for Action on Climate Change and Countercurrents. Her writing has also been published by Bolivia Rising and Cambio, the official newspaper of the Plurinational State of Bolivia.]

 

Endnotes:

[1]  Activists should take note of the information/funding sources, disclosed in far-right Canadian Vivian Krause’s investigative reports/research. (“Vivian Krause is a Vancouver researcher and writer. Her work raises fair questions about the science and the funding of environmental campaigns. During the 1990s, Vivian worked on community health and development in Guatemala and Indonesia. She holds a Bachelor of Science from McGill University and a Masters Degree from l’Université de Montréal. Vivian is also a contributor to The Financial Post.” Source: Huffington Post.) From the PowerPoint presentation “Rethinking Environmental Activism Against Canadian Energy.”

[2] “Tides Foundation’s primary exempt purpose is grantmaking. We empower individuals and institutions to move money efficiently and effectively towards positive social change”. – Tides

[3] The said purpose of the Tides Center is “to promote and support emerging social change and educational programs.” – Tides | As the Capital Research Center explains:”Under the Tides Center umbrella, the new group can then accept tax deductible contributions without needing to apply immediately to the IRS for tax-exempt 501(c)(3) public charity tax status…. Besides giving a new project its seal of approval, the Tides Center performs a notable service in showing new groups how to run an office, apply for grants, conduct effective public relations, and handle the many personnel, payroll, and budget problems that might baffle a novice group.” The Center also functions as a legal firewall insulating the Tides Foundation from potential lawsuits.

[4] The said purpose of Tides Inc. is “to provide economically, programatically and environmentally sustainable workplace facilities and other value-added social and real estate services to the Tides Family of Organizations and other nonprofit organizations that further similar charitable purposes. The said purpose of Tides Two Rivers Foundation is that it “acts as a supporting organization to the Tides Foundation, a grant making foundation, and the Tides Center, a comprehensive fiscal sponsor of non-profit activities.” – Tides | “Tides Canada is a Canadian charitable organization established in 2000 by a founding board that included Drummond Pike, also founder of Tides US. While Tides Canada’s name was inspired by Tides US, it is an independent entity with separate management and distinct organizational structure. With headquarters in Vancouver and offices in Toronto and Yellowknife, Tides Canada is made up of two separate legal entities. Tides Canada Foundation is a national public foundation that focuses on social justice and the environment and Tides Canada Initiatives Society is a shared administrative platform for 40 in-house social change projects with field staff across the country.” [Wikipedia] [5] “The specific purposes of Tides Network includes charitable and educational activities exclusively to support Tides Foundation, The Tides Center, and Tides, Inc. and Tides Two Rivers Fund.” – Tides

[6] The REVEL award is a creation of the Rainforest Action Network’s ultra white and ultra elite, annual benefit REVEL event (“It was a gorgeous affair.”) To illustrate the long relationship between various leaders of the faux environmental movement, Credo’s Kieschnick (“eco” capitalist extraordinaire) and Bill McKibben (as noted earlier, Klein’s primary establishment counterpart at 350.org/1Sky), go back to at least 2007 during the days of Step It Up, McKibben’s first nationwide campaign. [After one year in operation, Rockefeller “awarded $100,000 to McKibben and Step It Up on March 13, 2008 to support its new project, an initiative called Project 350”. Source] This should come as no surprise considering Credo Mobile is a financial supporter of Democratic Party and key partner of 350.org (This relationship is strikingly similar to Avaaz, which was co-founded by Democrat and former congressman Tom Perriello, and is also a key partner, financier and ally of 350.org/1sky).

[7] [8] [9] See [1] above.

McKibben’s Divestment Tour – Brought to You by Wall Street [Part V of an Investigative Report] [A Thinking Person’s Nightmare]

The Art of Annihilation

September 4, 2014

Part five of an investigative series by Cory Morningstar

Divestment Investigative Report Series [Further Reading]: Part I • Part II • Part III • Part IV • Part V • Part VI • Part VII • Part VIII • Part IX • Part X • Part XI • Part XII • Part XIII

 

“Of all our studies, it is history that is best qualified to reward our research.” — Malcolm X

 

Prologue: A Coup d’état of Nature – Led by the Non-Profit Industrial Complex

It is somewhat ironic that anti-REDD climate activists, faux green organizations (in contrast to legitimate grassroots organizations that do exist, although few and far between) and self-proclaimed environmentalists, who consider themselves progressive will speak out against the commodification of nature’s natural resources while simultaneously promoting the toothless divestment campaign promoted by the useless mainstream groups allegedly on the left. It’s ironic because the divestment campaign will result (succeed) in a colossal injection of money shifting over to the very portfolios heavily invested in, thus dependent upon, the intense commodification and privatization of Earth’s last remaining forests, (via REDD, environmental “markets” and the like). This tour de force will be executed with cunning precision under the guise of environmental stewardship and “internalizing negative externalities through appropriate pricing.” Thus, ironically (if in appearances only), the greatest surge in the ultimate corporate capture of Earth’s final remaining resources is being led, and will be accomplished, by the very environmentalists and environmental groups that claim to oppose such corporate domination and capture.

Beyond shelling out billions of tax-exempt dollars (i.e., investments) to those institutions most accommodating in the non-profit industrial complex (otherwise known as foundations), the corporations need not lift a finger to sell this pseudo green agenda to the people in the environmental movement; the feat is being carried out by a tag team comprised of the legitimate and the faux environmentalists. As the public is wholly ignorant and gullible, it almost has no comprehension of the following:

1. the magnitude of our ecological crisis
2. the root causes of the planetary crisis, or
3. the non-profit industrial complex as an instrument of hegemony.

The commodification of the commons will represent the greatest, and most cunning, coup d’état in the history of corporate dominance – an extraordinary fait accompli of unparalleled scale, with unimaginable repercussions for humanity and all life.

Further, it matters little whether or not the money is moved from direct investments in fossil fuel corporations to so-called “socially responsible investments.” The fact of the matter is that all corporations on the planet (and therefore by extension, all investments on the planet) are dependent upon and will continue to require massive amounts of fossil fuels to continue to grow and expand ad infinitum – as required by the industrialized capitalist economic system.

The windmills and solar panels serve as beautiful (marketing) imagery as a panacea for our energy issues, yet they are illusory – the fake veneer for the commodification of the commons, which is the fundamental objective of Wall Street, the very advisers of the divestment campaign.

Thus we find ourselves unwilling to acknowledge the necessity to dismantle the industrialized capitalist economic system, choosing instead to embrace an illusion designed by corporate power.

+++

Land Grabs, Green Illusions, and Privatization of Forests

As one example (of hundreds) of land grabs under the guise of conservation carried out by NGOs within the non-profit industrial complex, in December of 2011 Kenya’s Samburu people were violently evicted. The eviction occurred following the”purchase” of the land by two American-based charities, the Nature Conservancy and the African Wildlife Foundation (AWF). The two US “conservation” NGOs “gifted” the Samburu’s 17,100 acres of ancestral lands to Kenya’s government (November 2011) in order to create a national park to be run by the Kenya Wildlife Service.

In the above video (1:58) Nakuru Lemiruni sends a message to those responsible for evicting the Samburu tribe from their land. AWF, using funds from The Nature Conservancy (TNC), claimed they purchased the land with the understanding that no one resided on it. When the Samburu protested and took legal action, the land was swiftly “gifted” to the government. Police officers carried out the vicious eviction/attack on a Friday market day, when the men were away, leaving women, elders and children alone in their homes. Fanning out across the 17,000-acre Eland Downs Ranch, the police burned the Samburu families’ homes to the ground, along with all their possessions. Identified in the Kenyan media as “squatters,” the evicted Samburu families then petitioned a regional court to recognize their ancestral claims to the land where they lived and grazed their cattle. The suit has been filed by the Samburu against the AWF and the former President. [Source]

Pension funds began investing in commodities (including food and farmland) only recently.Capital allocated to agriculture investment grew from approximately $6 billion in 2001 to $320 billion in 2011, with hedge funds accounting for a further $100 billion. In 2011, investors expected these numbers to double within a few years. By the end of 2012, this figure rose from $320 to $428 billion. [Source]

“Farmland values across the globe between 2002 and 2010 have risen up to 1,800%, according to the Global Farmland Index compiled by U.K.-based real estate firm Savil. The biggest upswings have been in emerging markets, such as Romania and Hungary.” Global farmland offers potential for asset deals, Sept 26, 2013

The broad gains in commodity markets seen during recent years – dubbed the commodity “super cycle” – have taken a hit in 2013. It was Calpers (California Public Employees’ Retirement System, Ceres Board Member, partner) that helped pioneer pension funds’ foray into indexes that track wheat, energy, metal and other commodities. The money flooded in from big institutions (pension funds and college endowments), turning the market on its head. Economists blamed these new “index speculators,” who had no stake in the underlying commodities, for creating a volatile market. [Source] As of August 2013, the funds decreased from $428 million (2012) to $363 million (Barclays).

Yet not all “commodities” are created equal.

“Timber has attracted $60 billion of institutional money, or almost double that of agriculture, as governments and mills sold “sizable” assets, he said. The lumber market is valued at $425 billion…” Bloomberg, Dec 5, 2012

 

“Farmland has become the darling of alternative investing, sending hedge funds and wealthy investors into bidding wars for plots of land once deemed ordinary. And it is not just big money getting in on the game. From Stockholm to Chicago to Vancouver, ordinary investor money is pouring into fields around the world.” – BBC Capital, June 6, 2013

 

“According to numerous surveys within the industry, pension fund managers are seeking to invest in farmland – a new asset class offering annual returns of 10–20% – as never before.” — June 20, 2011, Grain, Pension funds: key players in the global farmland grab

Included in such “green” portfolios will be massive land grabs and the appropriation of natural resources under the guise of conservation. “Sustainable” plantations (biomass/biofuels/agrofuels; feed for industrialized livestock), REDD+, Carbon Development Mechanisms (CDM) and so-called carbon sink projects comprise a green façade to justify the long-term objective of acquiring control of communally owned territory in the global South. In the long term, the goal is unbridled corporate capture of fertile land with access to cheap and plentiful water and labour, for producing export food crops that will deliver guaranteed high profits. Geo-engineering will place a further emphasis on food gentrification and large-scale monoculture industrial plantations – undoubtedly playing a pivotal and leading role in the accelerating obliteration of Earth’s natural biodiversity. Sovereign nations, peasants, farmers, campesinos, Indigenous Peoples and whole cultures will be annihilated in the process – a feat of 21^st century corporate colonialism.

 “Farmland investments are particularly attractive as prices are supported by solid long-term fundamentals that have little to do with the performance of traditional assets such as equities. In the long-term, farmland values rise as demand for food weighs against a limited supply of good quality land, with farmland prices having been shown to rise in line with population growth and economic expansion in developing nations. This effectively generates a return on investment in the long term, regardless of the performance of the wider economy.” — DGC Asset Management, 2011

 

“They see in farmland what they call good ‘fundamentals’: a clear economic pattern of supply and demand, which in this case hinges on a rising world population needing to be fed, and the resources to feed these people being finite.” — Pension funds: key players in the global farmland grab, June 20, 2011

 

“Of a total $23 trillion of asset under management within the pension fund space, around $100 billion is believed to be invested in commodities, of which between $5 billion and $15 billion is invested directly into farmland investments. A majority of analysts project that institutional investments in farmland and commodities are expected to double by 2015.” — DGC Asset Management, 2011

 

“The Global AgInvesting Conference hosted at the Waldorf Astoria in Manhattan in June attracted some 600 institutional investors representing agriculture investment assets under management of almost $11 billion, and with plans to expand those holdings to almost $20 billion by 2014, a rise of almost 70%. Over 200 attendees were from the pension fund sector, and the majority intend to invest in farmland as the mainstay of their agricultural investment strategy.” — DGC Asset Management, 2011

According to Macquarie Agricultural Funds Management, agricultural land represents an $8.4 trillion market, of which institutional investors currently own approximately $30-$40 billion. This represents a fragment of the (monetary) value of farmland globally, estimated at about $8.4 trillion. Key regions targeted include Brazil and Argentina. Thus far, only 6 percent of institutional investment in primary agriculture has been in Africa due to geopolitical barriers. Yet, it is critical to note that investors perceive Africa as “having the most scope to open new areas of arable farmland.” [Institutions are blazing a trail in CIS farming, December 2, 2013, Source]

An industrialized economic system that voraciously consumes Earth’s natural resources, with zero regard toEarth’s replenishing cycles/laws of nature, ensures that agriculture is one clear and unmistakable source of pay-off for institutional investors. The new surge in money will push up global food prices (as we have already witnessed), hitting hardest those most vulnerable. As an example of investment driving up the market, food costs in 2012 came within 10 percent of the record set in February 2011 (United Nations Food Price Index). According to the World Bank, it is estimated that global food production will need to rise 70 percent to feed an additional 2 billion people on the planet. This will be a most miraculous attainment considering that as global temperatures increase beyond any temperature witnessed during the Holocene, agricultural yields will only further decline. Translation: food will be afforded, more and more, only by the wealthy.

“I see a massive change in agriculture coming … the returns on land over the long term equate to those received over the last 500 years by royal families… as food scarcity issues are likely to arise in the future, such land will rise in value too.” — Laguna Bay Pastoral chief executive Tim McGavin, Nov 18, 2013

Farmer loses farm. Investor or corporation now leases out farm (as well as related farming and irrigation infrastructure). Farmer now rents farm, etc. from investor or corporation while “the returns on land over the long term equate to those received over the last 500 years by royal families”.

Welcome to 21^st century agro-colonialism.

And although Friends of the Earth knows full well that divestment does not address the finance of land-grabs (view Friends of the Earth endorsement in the civil society statementon the finance of land grabs, June 2012: Land grabbing by pension funds and other financial institutions must be stopped),they make no mention of it when promoting (one example) the divestment campaign led by 350.org.

 “Pension funds are, at present, reported to be the largest institutional ‘investors’ in farmland worldwide. Yet the money used here is workers’ retirement savings. This means that wage earners and citizens may be implicated in massive violations of the human rights of local farming communities, including their rights to food, land, water, an adequate standard of living, their cultural rights and their right to self-determination – in breach of international law.” — Friends of The Earth Press Release, June 2012

More and more tragedies involve land grabbing, which is happening at an unprecedented rate all over the planet under the guise of “conservation” and “green economy.” For example, Hundreds Left Homeless in Olkaria Eviction in Kenya due to a large-scale geothermal project that has attracted both multinational and bilateral donors, with the World Bank being the main financier of the project. (Another video of the July 26, 2013 attack on the Maasai village in Olkaria is here). The short documentary film, Seeds of Discontent, exposes how a Swedish investment firm, Dutch pension fund and Norwegian church endowment actively engaged in land grabbing in Mozambique.

In Canada, the Algonquin people are fighting threats to land and water from an open-pit mining project for hybrid car batteries. Toyotsu Rare Earth Canada (TRECan), a Canadian subsidiary of Japan-based Toyota Tsusho Corporation, plans to build an open-pit Heavy Rare Earth Elements (HREE) mine directly next to Kipawa Lake, the geographical, ecological, and cultural centre of the Kipawa First Nation. Rare earths are a group of 17 elements found in the Earth’s crust. They are used to produce electronics for cell phones, wind turbines, and car batteries. Rare earths are notorious for their environmentally costly extraction process, with over 90 per cent of the mined raw materials classified as waste. [Source: Toyota Prius Not So Green After All]

Welcome to the “green economy”: classist, racist and utterly disgusting.

Yet another example in Canada, the Alberta Conservation Association is just one of thousands of NGOs working with corporations (in this case Shell, Suncor, the Canadian Government – see partners below) to commodify Earth’s last remaining resources under the guise/greenwash of conservation. The newly acquired and named “Shell Forests” are just a few examples.

As with the Keystone XL oil pipeline campaign, one is wise to watch the stock market in order to gain a sense of where the economic growth is expected to boom. In addition to both Warren Buffett’s and Bill Gates’s fairly recent stock acquisitions (in addition to their newly acquired/built rail empire) of John Deere and GMO crops, amidst the global rush to control the planet’s water, Buffett has been “loading up on the agricultural giant” Archer Daniels Midland (a focus on soybeans and ethanol – February 20, 2013) while eyeing farmland in Africa with plans to expandMonsanto’s biotechnology for “drought-tolerant corn” onto the Saharan landscapes.

 “Brazil’s agricultural sector remains one of the most exciting markets around. Don’t take our word for it. George Soros, Warren Buffett and Bill Gates, all major investors and farmers in the Bahia region of Brazil, believe Brazil to be the best location for their alternative investments…. The buzz around Brazilian farmland has sparked interest from a wide range of different institutions, from hedge funds to private investors, pension funds and even foreign government entities from China, India, Europe and Africa have been making agricultural land enquiries within Brazil.” — Brazil’s Farmland is Still Ripe for Investment, March 18, 2013

In stark contrast, what lies beyond “modern” industrialized agriculture mirrors what we left behind in our collective past – a simple, nourishing work and respect of the soil, the land, the plant, the crop. In fact, millions of farmers are already advancing agriculture for themselves utilizing the same methods that have worked to feed humans for the past 10,000 years. [Source]

There has been a steady, building backlash against pension funds investing in massive land grabs (that have increased and continue to increase food prices, displace peasant farmers, and increase poverty and hunger). Because of this backlash, pension funds have been “afraid to go into the field alone, and they want to spread their bet or their risk by having partners join them.” In some societies not yet absorbed into the (pathological and insane) industrialized western mindset, land is sacred and the sale of land in some societies is not acceptable. [March 6, 2013, Pension funds join forces to invest in farmland. Source]

A Future of Unprecedented Coups

Ukraine, the most recent state to fall to a US-backed coup, was/is not only coveted for strategic geographic/geopolitical position (aka control of oil/gas), but also for its rich black soil. Soil is the new oil of the 21st century. “Ukraine, formerly the breadbasket of the Soviet Union, is now a major crop producer for the world market. The country has over 32 million hectares (ha) of arable land, which is equivalent to roughly one third of the arable land in the entire European Union (EU). Its location on the Black Sea and its fertile black soil – it possesses 25 percent of the world’s so-called Chernozem – make Ukraine attractive to agricultural producers and investors. Moreover, agriculture is now considered as a main business opportunity in the Black Earth (Invest Ukraine, 2011).”Oligarchs and transnational capital have taken over the land with their share in the GDP at 42.3 percent, against 5 percent for farmers (Ministry of Agriculture, 2012). [Source]

Environmental Colonialism | So-called “Conservation”

“It is no secret that millions of native people around the world have been forced off their homelands to make way for oil, mines, timber, and agriculture. But few people realize that the same thing has happened for a cause which is considered by many as much nobler: land and wildlife conservation. Indigenous peoples evicted from their ancestral homelands, for conservation initiatives, have never been counted; they are not even officially recognised as refugees. The number of people displaced from their traditional homelands is estimated to be close to 20 million – 14 million in Africa alone. These expelled native peoples have been living sustainably for generations on what can only be reasonably regarded as their ancestral land.” [Watch: Conservation Refugees – Expelled from Paradise (24:18)

One NGO at the helm of stealth land grab ventures is Conservation International. Since its inception in 1987, Conservation International has continued to use “its considerable financial resources, political influence and environmental sweet talk to quietly access, administer and buy biodiverse areas throughout the world and put them at the disposal of transnational corporations.” [Conservation International: privatizing nature, plundering biodiversity, October 2003] Not to be lost is the fact that Conservation International has utilized the same soft power strategies in their ecotourism ventures (also dependent on Indigenous knowledge/peoples) as they have in their land/big pharma exploits in partnership with Monsanto and Novartis. [Further reading: Fundacion Pachamama is Dead – Long Live ALBA [Part I of an Investigative Report]

 “REDD+ is driven by profit interests and is structured to allow polluters to continue polluting while increasing profits and enclosing lands.” — A colonial mechanism to enclose lands: A critical review of two REDD+-focused special issues, Joanna Cabello and Tamra Gilbertson, June 12, 2012

21^st century market-based climate mitigation strategies are merely business opportunities to further corporate power. By normalizing such opportunistic exploitation, rather than exposing/rejecting it, one is complicit in promoting, thus prolonging, the dominant development model that is unjust, unethical, genocidal and ultimately, suicidal. The WWF certification schemes are but one set of such false solutions and green illusions. At present, WWF et al are waiting for the windfall that is slowly beginning to come into fruition under the much sought-after market mechanism REDD (which stands for Reducing Emissions from Deforestation and Forest Degradation).

It must be understood that REDD will not mitigate further ecological degradation and collapse (under the guise of so-called conservation). Rather, REDD will only serve to further strengthen corporate power as well as gained access and control of the Earth’s last remaining forests.

“This is an effort to address the varying assumptions from the academic journals – that REDD+ can be fixed with more governance, finance and/or community engagement – through a critique of the wider neoliberal climate regime, issues of ‘governance’ as an unproblematised category, and by exploring, from de-colonialist and environmental justice perspectives, the issues of real participation and sustainability. We conclude that REDD+ is framed within an epistemological understanding of forests and lands which supports the domination of nature by humans for economic profit, regardless of financial input, governance and/or participation from communities, and therefore will not be a successful means of climate mitigation or forest protection.” — A colonial mechanism to enclose lands: A critical review of two REDD+-focused special issues, Joanna Cabello and Tamra Gilbertson, June 12, 2012 [Emphasis added]

[Further reading on REDD: Fundación Pachamama is Dead – Long Live ALBA | Part II]

Millions of hectares of forest in Indonesia and Malaysia have been grossly and violently exploited. Cleared for palm oil (to manufacture processed foods for the wealthy states plagued with obesity), the palm oil plantations have destroyed whole communities, cultures, and thriving living ecosystems along with the flourishing wildlife within them. The degradation and pillage that have resulted are so severe that palm oil investors are now turning to the west coast of Africa as the industry’s next frontier. A recent forest burning in Sumatra resulted in one of Southeast Asia’s worst air-pollution crises in history, blanketing neighbouring Singapore and Malaysia with record levels of smog. As a result, in May 2013 Indonesia extended a moratorium on the issuance of new plantation and timber concessions in primary forests and peatland. Desperate to ensure growth of the vile industry, Norway has agreed to provide the country with up to $1 billion in financing to “help reduce deforestation.” [Source]

Everything Changes. Everything Stays the Same | Green Colonialism and Forest Policies in South India, 1800-1900

“Going green” has become a popular slogan in the discourse of environmental conservation, and one that has been gaining wider popularity as global warming begins to threaten the very existence of the biotic world. The global environmental crisis has created a context in which the protection of forests has become a top priority in environmental conservation strategies. The preservationist and restorationist discourses advocate forest conservation as a means to save the Earth from environmental disaster. However, in spite of this strong emphasis on the preservation of forests, their destruction continues. In most of the present-day developing countries of Asia and Africa, this contradiction between advocated preservation and effective destruction of forests is a legacy of British colonial rule.

In a bid to expand the knowledge frontier on forest conservation, the British government appointed a committee under the chairmanship of Dr. H. Cleghorn in 1851, which produced a report on the condition of Indian forests. It’s the main point was that the process of deforestation was due to the irrational exploitive methods of the natives, most notably the shifting cultivation practised by the tribes. The committee strongly advocated state intervention to restore the forest cover, as the very welfare of the country depended upon its existence. The preservation and expansion of green cover, they argued, was necessary to save India’s climate and irrigation systems.

Dr. Cleghorn, first conservator of forests in the Madras Presidency, brought out his classic book, Forests and Gardens of South India, in 1861. It hardly discussed desiccationist ideas (the notion that cutting down a tree reduced the amount of rainfall on the spot where the tree had stood), but rather concentrated on silviculture and plantations. Nevertheless, again Cleghorn identified the shifting agricultural practices of tribes as mainly responsible for deforestation and the consequent ecological changes. It is important to note that this desiccationist discourse was informed by a presumption of racial superiority, where the colonizers branded the native farmers as destroyers of forests. Thus, desiccationist discourse was used not only as a justification for colonial forest policies, but also as a means to control the access of natives to forests.

The history of desiccationist discourse in South India shows how the British imposed scientific and moral hegemony over forests by blaming deforestation on the forest utilization pattern of the Indians although it was actually the colonial state that was responsible for the severe deforestation of South India. The desiccationist discourses of colonial scientists emanated from a context of anxiety over the wood requirements of the colonial state. Existing studies on desiccationist discourse in India project it as a moral reflection of the colonial scientific community. The history of colonial forest policies, however, indicates that it was rather a means to spread alarm and thereby facilitate the expansion of state control over forests. Desiccationist ideas were articulated not by scientists alone, but also by different sections of the colonial bureaucracy and policy makers. The narrative of the climatic influence of forests was a contested issue within the colonial bureaucracy at one level, and by the local people at another. The desiccationists advocated the protection of forests mainly on mountain slopes, where rivers originate. Their ideas, however, were used as a justification for the expansion of state control over most of the forest landscape in South India. The alarmist narratives were used as a catalyst for the imposition of the state’s administrative and legislative control over forests, but the main guiding force of colonial forest policies was the seeking of revenue and resources.

This legacy has had an explicit influence on the forest policies of independent India. Most policy interventions since independence – including social forestry, joint forest management and community forest management – have been justified with desiccationist discourse. [1] [Source: Green Colonialism and Forest Policies in South India, 1800-1900]

In 2013, the song remains the same.

Just as South India demonstrates how the British imposed scientific and moral hegemony over forests by blaming deforestation on the forest utilization pattern of the Indians (rather than those responsible: corporations and capitalism), today’s industrialized nations impose scientific and moral hegemony over Earth’s forests with the ultimate goals being 1) the implementation of REDD 2) the commodification and corporate capture of the Earth’s last remaining forests, and 3) the continuance of an ongoing genocide of Indigenous Peoples. And just as the British empire was responsible for the degradation they blamed on the Indians, today this transfer of responsibility is undertaken by NGOs. NGOs as key instruments of empire are utilized to manipulate the Indigenous Tribal peoples by convincing them that their ancient methods of burning are the primary drivers of climate change and destroying the planet, thereby guilting (and bribing) Indigenous Peoples into signing away their rights for their ancestral land, thus imposing REDD, thus imposing moral hegemony. In South India, the history of colonial forest policies indicates that it was rather a means to spread alarm and thereby facilitate the expansion of state control over forests. Today, climate change (very real) is grotesquely exploited by the elites as the ultimate catalyst for the commodification of Earth’s remaining resources.

 

 

The colonial scientific community’s discourse on the climatic importance of forests continues to this day, as does the underlying racism that attempts to pardon the colonizers’ greed, self-centeredness and voracious pillage.

It is critical to recognize that the push towards the illusory green economy is not driven by the vital necessity for the privileged to live within their means, rather it is serving as a driver for the infinite expansion of industrial production. This must be achieved by producing more raw materials to supply more sweatshops/factories, hence requiring more energy supplied by so-called “green” biofuels/biomass. The key words being “more”: more, more, more and more. The call of scientist Kevin Anderson (Tyndall Centre for Climate Change Research) for a required and planned recession by developed states goes ignored.

Blue Gold

 “…major investment banks think the number of people served globally by investor-owned water companies is expected to rise 500% over the next 10 years.” — Energy & Capital, A Background and Primer for Water Investments, Source

 

“Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals.” — Willem Buiter, Citigroup’s top economist, 2011

Photo: July 18, 2014.Water shut-offs continue in Detroit

“A major international conference in Edinburgh aimed at conserving wildlife is coming under fierce attack from campaign groups for trying to sell off nature to multinational corporations. The first ‘World Forum on Natural Capital’ later this month is due to attract business and conservation leaders from across the globe to debate how to give natural resources a monetary value in order to try and protect them. ‘The presence of big business, such as RBS, Coca Cola, Rio Tinto and KPMG, at the World Forum on Natural Capital exposes the event’s real purpose – putting a price on nature so that a small minority can profit…. [B]illions of people around the world depend on free access to forests, rivers and fertile soils for their survival. Putting a price on these common resources leaves all of us more exposed to the forces of the global economy.'” — Nick Dearden, Bid to ‘sell off nature’ to companies under fire, Nov 13, 2013 [Emphasis added]

Water investments represent yet another “sustainable”/green fund responsible investment that would be considered a “green” alternative to fossil fuel investment. Such investment funds are also marketed as “clean technologies.”

“They transform water from a resource openly available to all into a private good whose access must be negotiated and is often based on the ability to pay. Water grabbing thus appears in many different forms, ranging from the extraction of water for large-scale food and fuel crop monocultures, to the damming of rivers for hydroelectricity, to the corporate takeover of public water resources. It also inheres in a model of development which is underwritten by a trade in virtual water.” [Source]

The December 21, 2012 article titled The New “Water Barons”: Wall Street Mega-Banks and the Tycoons are Buying Up Water at Unprecedented Pace, published by The Market Oracle, must be considered essential reading. Author Jo-Shing Yang observes:

“A disturbing trend in the water sector is accelerating worldwide. The new ‘water barons’ – the Wall Street banks and elitist multibillionaires – are buying up water all over the world at unprecedented pace. Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world….

 

“Now, in 2012, we are seeing this trend of global consolidation of water by elite banks and tycoons accelerating. In a JP Morgan equity research document, it states clearly that ‘Wall Street appears well aware of the investment opportunities in water supply infrastructure, wastewater treatment, and demand management technologies.’ Indeed, Wall Street is preparing to cash in on the global water grab in the coming decades. For example, Goldman Sachs has amassed more than $10 billion since 2006 for infrastructure investments, which include water. A 2008 New York Times article mentioned Goldman Sachs, Morgan Stanley, Credit Suisse, Kohlberg Kravis Roberts, and the Carlyle Group, to have ‘amassed an estimated $250 billion war chest – must of it raised in the last two years – to finance a tidal wave of infrastructure projects in the United States and overseas….

 

“In 2008, Goldman Sachs called water ‘the petroleum for the next century’ and those investors who know how to play the infrastructure boom will reap huge rewards, during its annual ‘Top Five Risks’ conference. Water is a U.S. $425 billion industry, and a calamitous water shortage could be a more serious threat to humanity in the 21st century than food and energy shortages, according to Goldman Sachs’s conference panel. Goldman Sachs has convened numerous conferences and also published lengthy, insightful analyses of water and other critical sectors (food, energy).

 

“Goldman Sachs is positioning itself to gobble up water utilities, water engineering companies, and water resources worldwide. Since 2006, Goldman Sachs has become one of the largest infrastructure investment fund managers and has amassed a $10 billion capital for infrastructure, including water.”

 

Many pension funds have forayed into the water investment sector. As an example, Canadian pension funds CDPQ (Caisse de dépôt et placement du Québec, which manages public pension funds in the province of Québec) and CPPIB (Canada Pension Plan Investment Board) have acquired England’s South East Water and Anglian Water, respectively. [Source] There are also several water indexes, index funds and hedge funds. Credit Suisse partnered with Ceres partner General Electric (GE Infrastructure) in May 2006 to establish a U.S.$1 billion joint venture to profit from privatization and investments in global infrastructure assets. [Source]

The 2011 Ceres report Aqua Gauge is telling. All definitions within the paper are sourced from “Water for Business: Initiatives Guiding Sustainable Water Management in the Private Sector” (WBCSD, IUCN, 2010). The paper also notes thatBloomberg has announced plans to launch a water-focused data service that would provide supply-and-demand models, water data, and news and briefings on water scarcity. [“Our research notes, analyst reactions and market outlooks enable investors to identify upcoming changes and validate opportunities for growth.” [Bloomberg’s once-launched water-focused data service has since been removed: http://about.bnef.com/markets/water/]

The list of corporations that Ceres is strategically aligned with is far more telling. Goldman Sachs (Ceres Financial Services Companies), JP Morgan Chase, Citigroup, UBS (Bruno Bertocci of UBS serves on the Ceres 21CI Advisory Committee, acronym for The 21st Century Investor), Deutsche Bank (Ceres INCR member), Credit Suisse, Macquarie Bank, Barclays (Ceres financial backer), Allianz, HSBC, Bank of America (Ceres Company), Morgan Stanley, the very water barons highlighted by Yang in the above article, are all associated with Ceres funders / associates / partners / members / prominent conference speakers.

It is of interest to note that Ceres highlights many of these same banks, Bank of America, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Fortis, Merrill Lynch, Mitsubishi UFJ, and Morgan Stanley as the “carbon trading leaders.” [Source: Ceres 2008 Banking Sector Report.] At this point you may wish to remind yourself that many trusted NGOs are partners with Ceres and many have served on the advisory board since its inception.

Note that in 2013, “Morgan Stanley created the Institute for Sustainable Investing with the goal of mobilizing capital to address sustainability challenges at scale, building on the firm’s existing efforts. The Institute focuses on developing sustainable investing products and solutions, thought leadership and cross-sector partnerships. As part of the Institute’s launch, Morgan Stanley announced a five-year goal of $10 billion in total client assets in investments that seek to deliver market-rate returns and positive environmental and social impact. Ceres President Mindy Lubber serves on the Institute’s Advisory Board, which is chaired by Morgan Stanley’s Chairman and CEO James Gorman.” [Emphasis added] [Source]

The Ceres president serving on Morgan Stanley’s Institute for Sustainable Investing advisory board is yet another fine example of the interlocking directorate – a contagion that thrives in the non-profit industrial complex. (The Rebecca Adamson example will follow.)

While water investments continue to skyrocket, Calvert Asset Management Company, Inc., a Ceres coalition member, and Allianz (Ceres associate)represent two of the “best” recognized water-focused mutual funds: The Calvert Global Water Fund [Class A (CFWAX)] has returned a whopping 27.65 percent over the past year; 15.98 percent over the past three years; and 16.06 percent over the past five years. [Source] The same fund (CFWAX), having held $42 million in assets in 2010, now holds assets of $564.86 million as of July 4, 2014. [Source] The Allianz Global Water Fund [Class A (AWTAX)] has had a staggering return of 25.12 percent over the past year; 11.10 percent over the past three years; and 14.34 percent over the past five years. [Source] The same fund (AWTAX) having held assets of $54 million in 2010, now holds assets of $348.3 million as of June 30, 2014. [Source] These two Ceres associates hold positions number two (AllianzGI ) and number five (Calvert) for “Best Mutual Funds” under the fund category of “Natural Resources” by U.S. News.

It is critical to note that Calvert has held a position on the Ceres Board of Directors from 2001*-2006 via Julie Fox Gorte.Gorte’s background is extensive and not limited to the following:

“Gorte serves as Chief Social Investment Strategist and Vice President at Calvert Variable Series, Inc. – Calvert VP Small Cap Growth Portfolio, Calvert Variable Series, Inc.- Calvert Social Small-Cap Growth Portfolio, Calvert Variable Series, Inc. – Ameritas Growth Portfolio, Calvert Variable Series Inc – Calvert VP SRI Equity Portfolio, and Calvert Variable Series, Inc. – Calvert VP SRI Balanced Portfolio. She served as Vice President and Chief Social Investment Strategist at Calvert Group, Ltd., Calvert Variable Series, Inc – Ameritas Small Company Equity Portfolio and Calvert Variable Series, Inc. – Calvert VP Mid Cap Value Portfolio. She served as a Vice President and Chief Social Investment Strategist at Calvert Investment Management, Inc. and Calvert Asset Management Company, Inc. Prior to that, Dr. Gorte served as Director of Calvert Asset Management’s social research department, where she managed its team of social and environmental analysts as well as shareholder advocacy.” [Source] [*Several requests to Ceres for annuals reports prior to 2001 have been unsuccessful.]

Today Gorte serves as the Senior Vice President of Sustainable Investing at Pax World Management Corporation. Under Pax, Gorte has continued her board member status on Ceres from 2006 to present. “Gorte oversees environmental, social, and governance-related research on prospective and current investments as well as the Pax’s shareholder advocacy and work on public policy advocacy. She serves as Portfolio Manager of Pax World Funds Series Trust III – Pax Ellevate Global Women’s Index Fund.” [Source]

Not to be outdone, Rebecca L. Adamson, President, First People’s Worldwide, serves on the Board of Trustees of Calvert. In the March 13, 20123 article, The Corporate Buy-In, the author writes:

“As I wrote in Too Good to be True, Rebecca Adamson’s value to energy extraction corporations is that of broker, helping multi-national corporations to corrupt tribal leadership through corporate buy-ins. By making grants to tribes through investments in Adamson’s international NGO First Peoples Worldwide, Shell Oil and other notorious corporations pave the way for industrial development in the Fourth World.”

At this juncture it must be noted that Calvert has given financial support to Ceres since, at minimum, 2001, and possibly from inception.

One of the world’s largest banks, JPMorgan Chase, has been at the helm of those aggressively pursuing water and infrastructure investment worldwide. JPMorgan’s own analysts estimate that the emerging markets infrastructure is approximately U.S.$21.7 trillion over the next decade. [Source] Ceres works closely with JPMorgan Chase and many other powerful banks and financial institutions in achieving their goals:

“Stakeholder engagement: Ceres, working with our coalition of investors and advocacy groups, engages with a number of financial services firms including Bank of America, State Street, Wells Fargo, JP Morgan [sic] Chase and Citi to help them assess their performance on environmental and social impacts and risks, and identify opportunities for improvement.” [Source]

In the June 16, 2014 article titled Wasted Energy: Fossil Fuel Divestment, author Jay Taber notes that “divestment won’t change a thing environmentally. It will only change ownership of some shares from public institutions to private ones – like the banks we bailed out with our tax dollars. Given the money to be made on the booming fossil fuel industry, I’m sure the banks will be delighted to acquire these shares, and in turn leave the public with no voice at future shareholder meetings.” It is more than likely that Yang (author of the aforementioned Water Barons article) would agree. In the 2008 article, Why Big Banks May Be Buying up Your Public Water System, Yang astutely notes:

“I detailed how both mainstream and alternative media coverage on water has tended to focus on individual corporations and super-investors seeking to control water by buying up water rights and water utilities. But paradoxically the hidden story is a far more complicated one. I argued that the real story of the global water sector is a convoluted one involving ‘interlocking globalized capital’: Wall Street and global investment firms, banks, and other elite private-equity firms – often transcending national boundaries to partner with each other, with banks and hedge funds, with technology corporations and insurance giants, with regional public-sector pension funds, and with sovereign wealth funds – are moving rapidly into the water sector to buy up not only water rights and water-treatment technologies, but also to privatize public water utilities and infrastructure.”

Yang’s words will serve to be prophetic as the divestment campaign unfolds.

Ceres has done a formidable job in serving the corporate interests that fund their work. With skillful precision, Ceres strategically and effectively exploited and continues to exploit the greatest crisis humanity has ever faced in order to secure and further all “climate wealth” opportunities for the oligarchs. In the wave of urgent reports published in November of 2012 [Oligarchy Sends Signal for Green Economy], Ceres promptly seized the moment. On November 20, 2012 the Guardian published the articleInfluential Investors (CERES) Call for Action on ‘Serious Climate Danger’:

“A coalition of the world’s largest investors called on governments on Tuesday to ramp up action on climate change and boost clean-energy investment or risk trillions of dollars in investments and disruption to economies. In an open letter, the alliance of institutional investors, responsible for managing $22.5 trillion in assets, said rapidly growing greenhouse gas emissions and more extreme weather were increasing investment risks globally. The group called for dialogue between investors and governments to overhaul climate and energy policies.”

Author Yang perhaps summarizes Cere’s work best:

“The elite multinational and Wall Street banks and investment banks have been preparing and waiting for this golden moment for years. Over the past few years, they have amassed war chests of infrastructure funds to privatize water, municipal services, and utilities all over the world. It will be extremely difficult to reverse this privatization trend in water.”

The Thinking Person’s Nightmare

 

During the last four years, Americans have been coerced into focusing on a single, symbolic campaign to Stop the Keystone XL Pipeline. This campaign was funded in large part by the Tides Foundation, which distributes the funds (from other foundations) to qualifying NGOs and groups. The number one funder of the Tides Foundation leading up to and during this time period was none other than the NoVo Foundation, founded on monies provided by Warren Buffett. [“NoVo was created in 2006 after Warren Buffett pledged to donate 350,000 shares of Berkshire Hathaway Inc. stock to the foundation.”] It is maintained by Warren Buffett’s son, Peter Buffett (co-chair) and partner Jennifer Buffett (president and co-chair).

As it has been clearly and unequivocally demonstrated that the Euro-American Left, collectively, far prefers fiction over reality, perhaps it is futile to explain that the Tides Foundation also channels hundreds of thousands of dollars into Ceres. In 2010, TIDES granted $100,000 to Ceres, specifically earmarking the funds for a “tar sands campaign.” [TIDES 990, 2010] In 2008, Ceres received $50,000 from Wallace Global, also designated for a tar sands campaign. [***Further information on the relationship between the Tides Foundation, the NoVo Foundation, Ceres and NoVo’s stocks in Warren Buffet’s Berkshire Hathaway is disclosed in an upcoming segment of this investigative report.]

And all while, Warren Buffett built an entire 21st century American Rail Empire with absolutely no dissent. “Burlington Northern Santa Fe Corporation is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). The railroad is now wholly owned by Berkshire Hathaway, which is controlled by investor Warren Buffett.” [Source] As the crude-via-rail industry (ignored by the NGOs) continued to skyrocket, the non-profit industrial complex continued to declare glorious victories while key segments of the KXL pipeline (much of the pipeline having already been built before the campaign even began) quietly went into operation. And while a theatre performance worthy of the Palau de la Música Catalana was playing to a sold-out audience (quite literally), Ceres was expanding its tentacles throughout the globe.

 

Next: Part VI

 

[Cory Morningstar is an independent investigative journalist, writer and environmental activist, focusing on global ecological collapse and political analysis of the non-profit industrial complex. She resides in Canada. Her recent writings can be found on Wrong Kind of Green, The Art of Annihilation, Counterpunch, Political Context, Canadians for Action on Climate Change and Countercurrents. Her writing has also been published by Bolivia Rising and Cambio, the official newspaper of the Plurinational State of Bolivia. You can follow her on twitter @elleprovocateur]

 

EndNotes:

[1] http://www.globalenvironment.it/Kumar.pdf