The Fossil Fuel Reduction Project is a multi-funder and multi-year project of the New Venture Fund. Its purpose is to reduce the impacts on people, wildlife, water, soil, and air from the development of unconventional types of oil. The extraction and processing of unconventional oils in North America have higher carbon intensity and other environmental and human impacts. To ensure a level consistent with global scenarios for atmospheric concentrations of carbon not exceeding 450 parts per million, about two-thirds of oil reserves should be kept in the ground.
About the Grantee
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Washington, DC 20036
Washington, DC 20036
Grants to this Grantee
for the Public Interest Technology University Network (PIT-UN) project
The Public Interest Technology University Network (PIT-UN) Challenge Fund is a fiscally sponsored project of the New Venture Fund. The PIT-UN Challenge Fund project is aimed at building a foundation of public interest technology by supporting universities’ efforts to develop new programs in this area. Such programs can train graduates for careers in public, private, or nonprofit technology work and mix the skills that are vital for successful technology project research, development, and implementation. This multi-funder project is to support the development of Public Interest Technology programs within academia.
for the Climate Equity Communications Accelerator Program
The New Venture Fund is the fiscal sponsor for the Climate Equity Communications Accelerator Program. The Climate Equity Communications Accelerator will strengthen the communications capacity of nonprofit climate justice organizations and the broader climate justice field by integrating robust communications and narrative strategies into organizations, coalitions, and policy campaigns in target states.
for the Moving Beyond Oil Fund project
The grant will help New Venture Fund launch transformational campaigns to accelerate the deployment of zero-emission vehicles in the U.S. The Moving Beyond Oil Fund is meant to rapidly incubate and launch campaigns that complement the long-term efforts of grantees focused on transportation electrification in the U.S.