New Venture Fund

For The Fossil Fuel Reduction Project

  • Amount
    $2,150,000
  • Program
  • Date Awarded
    7/23/2013
  • Term
    12 Months
  • Type of Support
    Project
Overview
The Fossil Fuel Reduction Project is a multifunder, multiyear project of the New Venture Fund. It focuses on slowing and capping the growth of tar sands development at a level consistent with global scenarios for atmospheric levels of carbon not exceeding 450 ppm. Producing a barrel of tar sands oil is about 25 percent more carbon intensive than producing a barrel of conventional oil. The project’s strategy is threefold: (1) block infrastructure expansions, mainly pipeline expansions in the United States and Canada, and new tar sands mines in Alberta; (2) improve regulations in Alberta to include the full cost of water, air, habitat ,and community impacts; and (3) reduce demand for tar sands oil in the United States and in Europe through policies such as low-carbon fuel standards or the fuel quality directive.
About the Grantee
Address
1828 L Street NW, Suite 300 – A, Washington, DC, 20036, United States
Grants to this Grantee
for the Sum of Us Project  
The Hub Education and Engagement Fund is a project of the New Venture Fund, a nonprofit that hosts and incubates a wide range of conservation, education, global health, and other charitable projects. The Hub will undertake The Sum of Us Project, which aims to advance a race-conscious economic narrative to replace the zero-sum paradigm that undergirds so many neoliberal policy debates. The project will amplify the core concepts from the 2021 book by Heather McGhee, “The Sum of Us,” marshalling evidence of racism’s role in the rise of neoliberalism and inequality, while promoting solutions for broad-based prosperity. The grant supports multimedia content creation, strategic communications, virtual convenings, research, advising and program support and administration. Broader understanding of the intersections of race and class will improve policy design and help to provide a new common sense within the field of economic justice experts and advocates.
for the Tech Talent Project  
The Tech Talent Project is a nonpartisan fiscally sponsored project of the New Venture Fund. Its mission is to increase the ability of the U.S. government to recruit and retain modern technical leaders in order to achieve critical economic, societal, and human outcomes. Tech Talent operates as a nonprofit recruiting and advisory group that collaborates closely with government agencies to identify and document critical needs; advises on best practices; and recruits, vets, and matches a diverse, highly qualified pool of technical leaders that have relevant technical skills and a desire to serve in government.

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