Hedge Fund-Financed Green Group Discloses $50M in Grants

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Free Beacon:

A foundation funded by opaque financial vehicles poured nearly $50 million into leading liberal and environmentalist groups in 2013 and 2014, according to newly released tax filings.

 

The Sea Change Foundation, which has quietly bankrolled some of the country’s leading left-wing nonprofits during the Obama presidency, poured millions into groups such as the Center for American Progress, the League of Conservation Voters, and the Natural Resource Defense Council, the filings show.

 

It also granted more than $14 million to the Energy Foundation, which serves as a pass-through for donations to those and other major environmental organizations.

 

As groups backed by the foundation push green energy policy initiatives, its president is also investing in companies that stand to profit from those initiatives.

 

Sea Change is run by the California financier Nathaniel Simons and his wife, Laura Baxter-Simons. Since 2009, it has pumped hundreds of millions of dollars into policy groups pushing subsidies for green energy companies and restrictions on their fossil fuel competitors.

 

Sea Change did not return a request for comment.