New Venture Fund

For The Fossil Fuel Reduction Project

  • Amount
    $850,000
  • Program
  • Date Awarded
    11/9/2015
  • Term
    12 Months
  • Type of Support
    Project
Strategies
Overview
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 high carbon intensity and other environmental and human impacts. To ensure that atmospheric concentrations of carbon not exceed 450 parts per million, about two-thirds of oil reserves should be kept in the ground.
About the Grantee
Address
1201 Connecticut Ave NW, Ste 300
Washington, DC 20036
Grants to this Grantee
for the Oakland Fund for Public Innovation  
The mission of the Oakland Fund for Public Innovation (OFPI), a project housed at the New Venture Fund, is to engage public- and private-sector partners to innovate, test, and scale ideas that will enhance and help improve the city of Oakland. This fund is strategically positioned to leverage the resources and strengths of the public and private sectors to support city priorities. The Hewlett Foundation’s support will help OFPI tackle some of Oakland’s most complex issues of income inequality, housing, employment, and racial equity, with a focus on the most vulnerable communities in the city.
for the Climate and Clean Energy Equity Fund  
The New Venture Fund’s Climate and Clean Energy Equity Fund supports groups in select states and cities working to transition to a clean energy future in ways that promote economic, social, and environmental justice — minimizing risks and maximizing benefits to low-income communities. The Fund’s climate equity framework addresses the need to broaden the base of support for climate action in order to accelerate the pace of change. The Fund will help organizations grow their memberships, strengthen their organizing skills, and build their capacity to advocate for strong clean energy and climate policies. (Substrategy: U.S. National Policy)

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