The largest first-round grant, $20 million, will be shared by the Nature Conservancy and Environmental Defense Fund to foster political engagement on climate change and to build new constituencies and coalitions for "durable action on climate policy in the U.S.," according to a foundation press release.For example, $15 million in new MacArthur funding will go to the Sierra Club to aid the organization's efforts to shutter much of the U.S. coal-fired power plant fleet and press electric utilities to switch to carbon-free energy sources such as wind and solar. The $15 million in new funding follows a $4 million grant made by MacArthur in 2013, according to Bruce Nilles, the Sierra Club's Beyond Coal senior director.
That’s equal to the annual economic activity generated by the entire US nonprofit sector, or all savings over the past ten years from consumers switching to generic drugs. By comparison, annual revenues for much-vilified Koch Industries are about $115 billion, for ExxonMobil around $365 billion.
While discussing the Environmental Protection Agency’s Clean Power Plan, administrator Gina McCarthy admitted who would be hit the “hardest” by the federal climate regulations. “We know that low-income minority communities would be hardest hit,” McCarthy said. She prefaced her statement by saying that the cost increases to Americans as a result of the regulations would be, “at most, a gallon of milk a month increase out the gate which tapers off to incredible savings by 2013.”
Key Points: 'Report shows that the plan would close 48% of all coal-fired plants in the country.'
This plan is "regulation without representation."
'The president's rules would usurp the traditional role of states in managing their own electrical generation and saddle the economy with enormous costs while empowering the EPA to control vast swaths of the American economy.'
'Coal-fired power will be the first to be shot, but the EPA is targeting all sources of carbon energy.'