Greenwashing Wall Street

Excerpts from the McKibben’s Divestment Tour: Brought to You by Wall Street series by Cory Morningstar:

 

  • Coalition for Environmentally Responsible Economies (CERES) is a partner of the World Business Council for Sustainable Development (WBCSD). CERES funders are associated with Goldman Sachs, JPMorgan Chase, Citigroup, Morgan Stanley and Bank of America.

 

  • WBCSD is part of a Wall Street strategy to dislodge the United Nations Center on Transnational Corporations, and prevent enforceable rules governing the operations of multinational corporations.

 

  • One third of the CERES network companies are in the Fortune 500. Since 2001, CERES has received millions from Wall Street corporations and foundations.

 

  • CERES president Mindy Lubber promotes “sustainable capitalism” at Forbes. Bill McKibben (founder of 350) was an esteemed guest of CERES conferences in 2007 and 2013.

 

  • 1Sky, which merged with 350 in 2011, was created by the Clinton Foundation and the Rockefeller Brothers Fund. Betsy Taylor of 1Sky/350 is on the CERES board of directors.

 

  • In 2012, Bill McKibben and Peter Buffett (oil train tycoon Warren Buffet’s son) headlined the Strategies for a New Economy conference. Between 2003 and 2011, NoVo (Buffet’s foundation) donated $26 million to Tides Foundation, which in turn funds CERES and 350.

 

  • Suzanne Nossel, former Deputy Assistant Secretary of State under Hillary Clinton, is on the Tides board of directors.
Advertisements

2 thoughts on “Greenwashing Wall Street

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s