I often find myself an anachronism within the Beltway - a modern day libertarian/conservative who cares for the environment. However, I have always wondered why there is an absence of balanced approach by environmental groups. While advocating for their goals, there never seems to be a comprehensive push for true clean energy by these activists.
But then recently I came across E&E Legal’s report , which tells the tale of the unfettered bias and influence hedge fund managers have with respect to Sierra Club’s Board, the direction of its Policy Programs, and its research and outright manipulation of grassroots membership. It is appalling and worthy of an investigation by the IRS, the SEC and any other Federal agency with legal oversight.
For example, E&E was able to uncover that nearly half of Sierra Clubs’ 18 Board Members were or still are in a position to financially profit from the single largest policy effort undertaken by the Club. Board members regularly received private notice of Sierra Club actions before the public. Companies owned, founded or operated by Board Members held strategic market investments which directly benefitted from public announcements of Sierra Club reports, policy campaigns, and even testimony before local, state and federal governmental entities.
The staggering part is that there is no public admission of this inherent conflict of interest anywhere on the Sierra Club publications, or their Board’s public information. No where does Sierra Club disclose the direct and material benefit that Sierra Club’s Board Members gained for their positions of influence which the Board Membership granted them.