Tuesday, January 27, 2015

Useful idiots: Foreign firm tied to Russia funding anti-fracking movement

Vladimir Lenin supposedly called unwitting communist allies "useful idiots."

The environmental movement fits that description.

From the Washington Free Beacon:
A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.

One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president of a London-based investment firm whose president until recently chaired the board of the state-owned Russian oil company Rosneft.

In addition to those roles, Hoskins is a director at a company called Klein Ltd. No one knows where that firm's money comes from. Its only publicly documented activities have been transfers of $23 million to U.S. environmentalist groups that push policies that would hamstring surging American oil and gas production, which has hurt Russia’s energy-reliant economy.
The foundation passed those millions along to some of the nation's most prominent and politically active environmentalist groups. The Sierra Club, the Natural Resource Defense Council, Food and Water Watch, the League of Conservation Voters, and the Center for American Progress were among the recipients of Sea Change’s $100 million in grants in 2010 and 2011.

No comments: