July, 27 2020, 12:00am EDT

New Report Shows How Fossil Fuel Corporations, Utilities, and Fossil-Financiers Help Direct, Sponsor, Partner With, and Fund Police Foundation
Today, the Public Accountability Institute released a report that maps out how fossil fuel companies, utilities, and fossil-financiers help direct, sponsor, partner with, and fund police foundations.
WASHINGTON
Today, the Public Accountability Institute released a report that maps out how fossil fuel companies, utilities, and fossil-financiers help direct, sponsor, partner with, and fund police foundations.
Through this mapping, it shows how efforts to defund the police and reinvest in Black and Brown communities, and efforts to divest from fossil fuels and reinvest in environmental justice and a just transition, have a common foe in the fossil fuel industry.
Many companies that are polluting Black and Brown communities - or funding polluting operations - are the same companies helping to prop up and bankroll police foundations in those same communities.
As Little Sis writes,
Oil and gas companies, private utilities, and financial institutions that bankroll fossil fuels are all big backers of police foundations, which privately raise money to buy weapons, equipment, and surveillance technology for police departments, bypassing public police budgets. These corporate actors - from Chevron and Shell to Wells Fargo and JPMorgan Chase - can be found serving as directors and funders of police foundations nationwide. Furthermore, these companies sponsor events and galas that celebrate the police and remind the public that police power is backed up by corporate power.
On this report, Tamara Toles O'Laughlin, 350.org North America Director, issued the following statement:
"This report confirms what so many of us have known for decades: the police state exists to protect white supremacy with extraction as a primary tactic. Our work as a part of the movement for climate justice is to dismantle racist structures perpetuating continued harm to communities. From policing to financial violence, the road to tackling the climate crisis includes addressing connected predatory systems. As workers risk their lives to keep the economy afloat, the grift and greed of fossil fuel financiers continues. We support the demand to defund and divest from the police and fossil fuels, and to reinvest in the resilience of people and planet for a Just Recovery.
QUOTE SHEET:
"This report revealing the ways that Wall Street and the fossil fuel industry support police foundations highlights how firms such as Blackrock and JP Morgan Chase routinely act to extract wealth, health and safety from Black, Brown and Indigenous communities. It's past time to defund the police and demand that Wall Street compensate Black, Brown, and Indigenous communities for the irreparable harm they have inflicted," said Maurice BP-Weeks, Co-Executive Director, Action Center on Race and the Economy
"The fossil fuel industry is a sinking ship hellbent on drowning the planet and taking humanity down with it. It will stop at nothing to keep black and brown afraid of mobilizing and it's no surprise they would partner with the same institution terrorizing our communities and Black Lives Matter protesters in the streets," said Lucas Sanchez, Deputy Director, New York Communities for Change.
"It's no surprise that the companies driving a climate crisis that disproportionately kills black and brown people are also major funders of racist police forces that disproportionately kill black and brown people," said Alec Connon, coalition coordinator with Stop the Money Pipeline. "If companies really value Black Lives they need to stop investing in institutions that destroy and terrorize black communities."
"As we have seen too many times, the fossil fuel industry relies on a militarized top-down police to keep the public from protesting their expansion plans; it's past time to move to a new future," said Bill McKibben, the co-founder of 350.org and Stop the Money Pipeline.
"This report sheds a harsh and needed light on the ways police violence and systemic racism intersect with the climate crisis. Rather than address growing public concerns with the dangers of pipelines and petrochemical plants, the fossil fuel industry has responded instead by seeking to criminalize protest, suppress dissent, and mislabel acts of free speech as acts of terrorism. The result is a rising tide of human rights abuses by militarized police forces against environmental and rights defenders. That oil and gas companies are actually funding the forces inflicting those harms is sadly unsurprising and absolutely unacceptable," said Carroll Muffett, President, Center for International Environmental Law.
"There is little public scrutiny when private donors pay to give police controversial technology and weapons. And it is with no surprises that the Public Accountability Initiative & LittleSis report shows how the same financial institutions like BlackRock that are financing the climate crisis and environmental racism in Black and Brown communities, are the same institutions that are backing the growing militarization of police forces that have beaten down black and brown communities with impunity for so long," said Mary Cerulli, co-founder Climate Finance Action.
"Big Surprise: Most of the same banks that fund fossil fuels, redline loans against people of color also fund private prisons for profit, like JPMorgan Chase, BOA and BlackRock," said Mary Kay Benson, 350 Butte County.
"The fossil fuel industry's ties to police foundations show a willingness to ignore the calls of racial justice advocates to dismantle the systemic racism of policing -- despite some oil and gas companies' hypocritical claims otherwise. Fossil fuel companies harm the racial justice movement in their operations, their public relations and their political funding. In reality, they are part of the system that upholds structural racism in the US," said Zorka Milin, senior advisor, Global Witness.
"The Earth and all people are sacred. Violence against black and brown communities is morally abhorrent. Violence against the earth is an offense against life. Extractive industries and the banks that finance them need to stop supporting racist authoritarianism and quit financing the planet's destruction," said Rev. Fletcher Harper, executive director of GreenFaith.
"Chevron has long treated Richmond like a community that can be bought and sold out, be it through our police or elected officials. This new report further outlines what we already know: fossil fuel companies bankroll the police as a bribe, to keep our communities polluted, over-policed and bound to the charity of companies like Chevron. To reinvest in Black and Brown communities and move toward a just transition from the Ecuadorian Amazon to Richmond, CA, we must hold these companies accountable for their ties to the destruction of our climate and the funding of the police," said Ada Recinos, Amazon Watch communications manager and Richmond, CA resident.
"It is no surprise that big banks and fossil fuel companies see it as in their interest to fund the police. They need to ensure that when they want to impose dangerous and polluting projects on Black, Indigenous and brown communities that the police will be there for them and willing and ready to repress community members who seek to protect their families, and their air, land and water," said Paddy McCully, Energy and Climate Program Director, Rainforest Action Network.
350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.
LATEST NEWS
Trump's 9 New Prescription Drug Deals 'No Substitute' for Systemic Reform
"Patients are overwhelmingly calling on Congress to do more to lower prescription drug prices by holding Big Pharma accountable and addressing the root causes of high drug prices," said one campaigner.
Dec 19, 2025
"Starting next year, American drug prices will come down fast and furious and will soon be the lowest in the developed world," President Donald Trump claimed Friday as the White House announced agreements with nine pharmaceutical manufacturers.
The administration struck most favored nation (MFN) pricing deals with Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech, Gilead Sciences, GSK, Merck, Novartis, and Sanofi. The president—who has launched the related TrumpRx.gov—previously reached agreements with AstraZeneca, EMD Serono, Eli Lilly, Novo Nordisk, and Pfizer.
"The White House said it has made MFN deals with 14 of the 17 biggest drug manufacturers in the world," CBS News noted Friday. "The three drugmakers that were not part of the announcement are AbbVie, Johnson & Johnson, and Regeneron, but the president said that deals involving the remaining three could be announced at another time."
However, as Trump and congressional Republicans move to kick millions of Americans off of Medicaid and potentially leave millions more uninsured because they can't afford skyrocketing premiums for Affordable Care Act (ACA) plans, some critics suggested that the new drug deals with Big Pharma are far from enough.
"When 47% of Americans are concerned they won't be able to afford a healthcare cost next year, steps to reduce drug prices for patients are welcomed, especially by patients who rely on one of the overpriced essential medicines named in today's announcement," said Merith Basey, CEO of Patients for Affordable Drugs Now, in a statement.
"But voluntary agreements with drug companies—especially when key details remain undisclosed—are no substitute for durable, system-wide reforms," Basey stressed. "Patients are overwhelmingly calling on Congress to do more to lower prescription drug prices by holding Big Pharma accountable and addressing the root causes of high drug prices, because drugs don't work if people can't afford them."
As the New York Times reported Friday:
Drugs that will be made available in this way include Amgen's Repatha, for lowering cholesterol, at $239 a month; GSK's asthma inhaler, Advair Diskus, at $89 a month; and Merck's diabetes medication Januvia, at $100 a month.
Many of these drugs are nearing the end of their patent protection, meaning that the arrival of low-cost generic competition would soon have prompted manufacturers to lower their prices.
In other cases, the direct-buy offerings are very expensive and out of reach for most Americans.
For example, Gilead will offer Epclusa, a three-month regimen of pills that cures hepatitis C, for $2,492 a month on the site. Most patients pay far less using insurance or with help from patient assistance programs. Gilead says on its website that "typically a person taking Epclusa pays between $0 and $5 per month" with commercial insurance or Medicare.
While medication prices are a concern for Americans who face rising costs for everything from groceries to utility bills, the outcome of the ongoing battle on Capitol Hill over ACA tax credits—which are set to expire at the end of the year—is expected to determine how many people can even afford to buy health insurance for next year.
The ACA subsidies fight—which Republicans in the US House of Representatives ignored in the bill they passed this week before leaving Capitol Hill early—has renewed calls for transitioning the United States from its current for-profit healthcare system to Medicare for All.
"At the heart of our healthcare crisis is one simple truth: Corporations have too much power over our lives," Rep. Pramila Jayapal (D-Wash.), former chair of the Congressional Progressive Caucus, said on social media Friday. "Medicare for All is how we take our power back and build a system that puts people over profits."
Jayapal reintroduced the Medicare for All Act in April with Rep. Debbie Dingell (D-Mich.) and Senate Health, Education, Labor, and Pensions Committee Ranking Member Bernie Sanders (I-Vt.). The senator said Friday that some of his top priorities in 2026 will be campaign finance reform, income and wealth inequality, the rapid deployment of artificial intelligence, and Medicare for All.
Earlier this month, another backer of that bill, US Sen. Chris Van Hollen (D-Md.), said: "We must stop tinkering around the edges of a broken healthcare system. Yes, let's extend the ACA tax credits to prevent a huge spike in healthcare costs for millions. Then, let's finally create a system that puts your health over corporate profits. We need Medicare for All."
It's not just progressives in Congress demanding that kind of transformation. According to Data for Progress polling results released late last month, 65% of likely US voters—including 78% of Democrats, 71% of Independents, and 49% of Republicans—either strongly or somewhat support "creating a national health insurance program, sometimes called 'Medicare for All.'"
Keep ReadingShow Less
Trump: US Forces 'Striking Very Strongly' Against 70+ Targets in Syria
"Most anti-war president ever, also a winner of the FIFA Peace Prize, threatened to invade Venezuela for oil earlier this week and has now launched strikes in Syria," said one observer.
Dec 19, 2025
President Donald Trump—the self-described "most anti-war president in history"—on Friday said the US military is "striking very strongly" against Islamic State strongholds in Syria following the killing of two Iowa National Guard members and an American civilian interpreter in the Mideast nation.
"Because of ISIS’s vicious killing of brave American Patriots in Syria, whose beautiful souls I welcomed home to American soil earlier this week in a very dignified ceremony, I am hereby announcing that the United States is inflicting very serious retaliation, just as I promised, on the murderous terrorists responsible," Trump said on his Truth Social network.
"We are striking very strongly against ISIS strongholds in Syria, a place soaked in blood which has many problems, but one that has a bright future if ISIS can be eradicated," the president continued. "The Government of Syria, led by a man who is working very hard to bring Greatness back to Syria, is fully in support."
"All terrorists who are evil enough to attack Americans are hereby warned—YOU WILL BE HIT HARDER THAN YOU HAVE EVER BEEN HIT BEFORE IF YOU, IN ANY WAY, ATTACK OR THREATEN THE U.S.A.," he added.
US Defense Secretary Pete Hegseth said on X that "earlier today, US forces commenced OPERATION HAWKEYE STRIKE in Syria to eliminate ISIS fighters, infrastructure, and weapons sites in direct response to the attack on US forces that occurred on December 13th in Palmyra, Syria."
According to the Wall Street Journal, Jordanian warplanes also took part in Friday's attacks, which reportedly hit more than 70 targets in Syria.
"This is not the beginning of a war—it is a declaration of vengeance," said Hegseth. "The United States of America, under President Trump’s leadership, will never hesitate and never relent to defend our people. As we said directly following the savage attack, if you target Americans—anywhere in the world—you will spend the rest of your brief, anxious life knowing the United States will hunt you, find you, and ruthlessly kill you. Today, we hunted and we killed our enemies. Lots of them. And we will continue."
US Central Command (CENTCOM) said that one of Friday's airstrikes killed ISIS leader Abu Yusif in Dayr az Zawr province in eastern Syria.
“As stated before, the United States—working with allies and partners in the region—will not allow ISIS to take advantage of the current situation in Syria and reconstitute," CENTCOM commander Gen. Michael Erik Kurilla said in a statement. "ISIS has the intent to break out of detention the over 8,000 ISIS operatives currently being held in facilities in Syria. We will aggressively target these leaders and operatives, including those trying to conduct operations external to Syria."
During his first term, Trump followed through on his promise to "bomb the shit out of" ISIS militants in Syria and Iraq, killing thousands of civilians in a campaign launched by former President Barack Obama in 2014. Trump prematurely declared victory over ISIS in 2018.
Since then, the Biden and Trump administrations have bombed Syria, where around 1,000 US troops remain.
During his second term, Trump has ordered attacks on Iran, Somalia, Syria, Yemen, and boats allegedly transporting drugs in the Caribbean Sea and Pacific Ocean. The president—who says he deserves a Nobel Peace Prize—has also deployed warships and thousands of troops for a possible war on Venezuela.
"Most anti-war president ever, also a winner of the FIFA Peace Prize, threatened to invade Venezuela for oil earlier this week and has now launched strikes in Syria," political commentator David Pakman said on X in response to Friday's attacks.
Some observers noted that the strikes on Syria took place on the same day that the Trump administration released some of the files related to the late convicted sex criminal and longtime former Trump friend Jeffrey Epstein.
Keep ReadingShow Less
Mitt "47%" Romney's Post-Career Call to Tax the Rich Met With Kudos and Criticism
"When Romney had real power," noted journalist David Sirota, "he fortified the rigged tax system that he's only now criticizing from the sidelines."
Dec 19, 2025
In a leaked fundraiser footage from the 2012 US presidential campaign, Republican candidate Mitt Romney infamously claimed that 47% of Americans are people "who believe that they are victims, who believe that government has a responsibility to care for them, who believe that they are entitled to healthcare, to food, to housing, to you name it." On Friday, the former US senator from Utah published a New York Times opinion piece titled, "Tax the Rich, Like Me."
"In 2012, political ads suggested that some of my policy proposals, if enacted, would amount to pushing grandma off a cliff. Actually, my proposals were intended to prevent that very thing from happening," Romney began the article, which was met with a range of reactions. "Today, all of us, including our grandmas, truly are headed for a cliff: If, as projected, the Social Security Trust Fund runs out in the 2034 fiscal year, benefits will be cut by about 23%."
"Typically, Democrats insist on higher taxes, and Republicans insist on lower spending. But given the magnitude of our national debt as well as the proximity of the cliff, both are necessary," he argued. "On the spending-cut front... Social Security and Medicare benefits for future retirees should be means-tested—need-based, that is to say—and the starting age for entitlement payments should be linked to American life expectancy."
"And on the tax front, it's time for rich people like me to pay more," wrote Romney, whose estimated net worth last year, when he announced his January 2025 retirement from the Senate, was $235 million. "I long opposed increasing the income level on which FICA employment taxes are applied (this year, the cap is $176,100). No longer; the consequences of the cliff have changed my mind."
"The largest source of additional tax revenues is also probably the most compelling for fairness and social stability. Some call it closing tax code loopholes, but the term 'loopholes' grossly understates their scale. 'Caverns' or 'caves' would be more fitting," he continued, calling for rewriting capital gains tax treatment rules for "mega-estates over $100 million."
"Sealing the real estate caverns would also raise more revenue," Romney noted. "There are more loopholes and caverns to be explored and sealed for the very wealthy, including state and local tax deductions, the tax rate on carried interest, and charity limits on the largest estates at death."
Some welcomed or even praised Romney's piece. Iowa state Rep. JD Scholten (D-1), a progressive who has previously run for both chambers of Congress, declared on social media: "Tax the rich! Welcome to the coalition, Mitt!"
US House Committee on the Budget Ranking Member Brendan Boyle (D-Pa.), who is part of the New Democrat Coalition, said: "I welcome this op-ed by Mitt Romney and encourage people to read it. As the next chair of the House Budget Committee, increasing revenue by closing loopholes exploited by the wealthiest Americans will be a top priority."
Progressive Saikat Chakrabarti, who is reportedly worth at least $167 million and is one of the candidates running to replace retiring former House Speaker Nancy Pelosi (D-Calif.), responded: "Even Mitt Romney now agrees that we need to tax the wealthiest. I call for a wealth tax on our billionaires and centimillionaires."
Michael Linden, a senior policy fellow at the Washington Center for Equitable Growth, said: "Kudos to Mitt Romney for changing his mind and calling for higher taxes on the rich. I'm not going to nitpick his op-ed (though there are a few things I disagree with), because the gist of it is right: We need real tax reform to make the rich pay more."
Others pointed to Romney's record, including the impactful 47% remarks. The Lever's David Sirota wondered, "Why is it that powerful people typically wait until they have no power to take the right position and effectively admit they were wrong when they had more power to do something about it?"
According to Sirota:
The obvious news of the op-ed is that we've reached a point in which even American politics' very own Gordon Gekko—a private equity mogul-turned-Republican politician—is now admitting the tax system has been rigged for his fellow oligarchs.
And, hey, that's good. I believe in the politics of addition. I believe in welcoming converts to good causes in the spirit of "better late than never." I believe there should be space for people to change their views for the better. And I appreciate Romney offering at least some pro forma explanation about what allegedly changed his thinking (sidenote: I say "allegedly" because it's not like Romney only just now learned that the tax system was rigged—he was literally a co-founder of Bain Capital!).
"And yet, these kinds of reversals (without explicit apologies, of course) often come off as both long overdue but also vaguely inauthentic, or at least not as courageous and principled as they seem," Sirota continued, stressing that "when Romney had real power, he fortified the rigged tax system that he's only now criticizing from the sidelines."
Keep ReadingShow Less
Most Popular



