New Venture Fund

For The Fossil Fuel Reduction Project

  • Amount
    $500,000
  • Program
  • Date Awarded
    11/14/2016
  • Term
    12 Months
  • Type of Support
    Project
Strategies
Overview
The Fossil Fuel Reduction project is a multi-funder, 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 support of the Communities for Just Schools Fund to fund education organizing  
The Communities for Just Schools Fund is a national donor collaborative that brings together the resources of philanthropy with the power of grassroots organizing to ensure that all schools welcome students and nurture their full potential. This grant will be used to fund education organizing; build the capacity of the fund’s grantee partners; and to connect their partners with philanthropy, policy, research, and advocacy communities. (Strategy: K-12 Teaching and Learning)
for the fund for climate and energy in India  
The Fund for Climate and Energy in India, hosted at the New Venture Fund (NVF), is a multi-funder pooled fund to advance clean energy and a green economic recovery in India. In the first year of this grant, NVF, and its technical partner, the Shakti Foundation, will focus on the following three areas: (a) making the Indian power sector cleaner and more reliable, (b) supporting government ambitions to advance electric mobility, and (c) enabling India’s recovery from COVID-19 to be green and robust. (Substrategies: U.S. National Policy and Electrification)

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