Investigating Power
Koch Industries and its funding vehicles funnel millions to groups that are decrying “woke capitalism” and attacking the investment giant BlackRock for its leading role in ESG investing. Yet that hasn’t stopped the company’s subsidiaries from partnering with BlackRock to invest in technology startups.
The American Legislative Exchange Council has expanded its private sector board of directors—or what it calls its “Private Enterprise Advisory Council”—to include operatives in the right-wing’s fight against “woke capitalism.”
At last week’s States and Nation Policy Summit, the American Legislative Exchange Council doubled down on its latest strategy of protecting the fossil fuel industry by blacklisting “woke” companies that embrace climate protection goals.
The American Legislative Exchange Council meets this week in Washington, D.C., for its annual States and Nation Policy Summit at the four-star Grand Hyatt Washington, where rewriting the U.S. Constitution, “woke” capitalism, and protecting hate speech and misinformation are at the top of the agenda.
DonorsTrust and Donors Capital Fund, the favorite donor conduits of the Koch political network, distributed $123 million in grants in 2021 to right-wing advocacy groups, litigation centers, media outlets, climate deniers, extremists, pro-gun groups, and other tax-exempt organizations that make up America’s right-wing infrastructure, the latest tax filings from both groups detail.
Republican treasurers, auditors, and staff from 23 states will arrive in Washington, D.C., on Nov. 13 to meet with corporate lobbyists and an array of right-wing groups during the Fall National Meeting of the State Financial Officers Foundation. Over the course of three days, they will discuss “the rising threat from China,” inflation, “true diversity,” and anti-ESG investing efforts.