Biden’s sweeping climate agenda quietly shaped by left-wing group under investigation
A left-wing organization, Ceres, is being accused of quietly influencing the Biden administration’s efforts to enact ambitious green energy policies. The group, currently under investigation for potential antitrust law violations, has received large donations from undisclosed sources and claims to work through powerful networks and collaborations to support federal rules targeting the fossil fuels industry.
Ceres, a Boston-based environmental charity, has spent over $1 million on lobbying in recent years while actively shaping a new climate disclosure proposal. However, energy groups argue that this proposal is unpopular and an overreach of the free market. These claims are based on documents reviewed by the Washington Examiner.
The ties between Ceres and the government highlight the Biden administration’s reliance on liberal activist organizations to push through unprecedented laws. Republicans and conservative groups, on the other hand, raise concerns about potential national security risks as these policies could lead to significant crackdowns on appliances relying on oil and gas.
Established in 1989, Ceres manages a network of over 220 institutional investors with assets totaling more than $46 trillion. Their goal is to accelerate the transition to a just, sustainable, and net-zero emissions economy. Recent tax filings reveal that Ceres raised $26.5 million, with 35% of that sum coming from two anonymous grantees.
In addition to anonymous donations, Ceres has received millions of dollars from the New Venture Fund, a nonprofit organization managed by Arabella Advisors. Arabella Advisors and its offshoots are currently under investigation by the Washington, D.C., attorney general for alleged financial mismanagement.
The Ceres investor network includes major investment firms like Bain Capital and BlackRock, as well as public pension funds and foundations. They actively seek to pressure stock exchanges and capital market regulators to improve climate and sustainability risk disclosure. Moreover, they advocate for stronger climate, clean energy, and water policies at all levels of government.
Ceres has also sent lobbyists to Washington to advocate for electric vehicle tax incentives, electric vehicle adoption, emissions reductions, and climate-related amendments in appropriations bills. Their president, Mindy Lubber, has had six visits to the White House since 2021.
The details surrounding Ceres and their influence on the Biden administration’s climate agenda raise important questions about the role of activism and undisclosed funding in shaping critical national policies. While proponents argue that these actions are necessary to combat climate change, critics worry about the potential consequences and prefer a more measured approach to energy transition.
As the Biden administration continues to prioritize climate initiatives and allocate billions of dollars toward green energy projects, the influence of organizations like Ceres becomes increasingly significant. The future of these policies and their impact on the economy and national security remain subjects of intense debate.
In conclusion, Ceres, a left-wing group under investigation, is playing a significant role in shaping President Biden’s sweeping climate agenda. With substantial funding from undisclosed sources and a network of influential investors, the organization’s efforts to enact green energy policies have faced criticism for their potential economic and security implications. As the push for greener initiatives continues, the influence of organizations like Ceres will likely continue to be a subject of scrutiny and debate.
