New Paradise Papers Reveal Identifies a Few Environmental Nonprofits with Fossil Fuel Investments

Image Source: Denis Bocquet

May 15th, 2018; NBC Washington

Hidden in the Paradise Papers, a cache of 13 million leaked documents documenting a small slice of the world of offshore investing, lurks a credit agreement that reveals that some of the nation’s best-known environmental nonprofits are invested in oil drilling and exploration. The World Wildlife Fund invested more than $2 million in Denham Commodity Fund Partners Group V starting in 2008 and is slated to remain in the fund for another two years. But they are not the only nonprofit with the most invested in the fund; that might be the American Museum of Natural History in New York City, which has $5 million invested, though it says that it has been working to reduce its fossil fuel investments.

“It’s hypocrisy at its core,” said divestment advocate Ellen

... read more at: https://nonprofitquarterly.org/2018/05/16/new-paradise-papers-reveal-identifies-environmental-nonprofits-fossil-fuel-investments/

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