New Venture Fund

For The Moving Beyond Oil Project

  • Amount
    $1,000,000
  • Program
  • Date Awarded
    3/31/2015
  • Term
    12 Months
  • Type of Support
    Project
Strategies
Overview
The New Venture Fund’s Moving Beyond Oil project aims to contribute to the reduction of oil use and to the transition to clean energy alternatives in the transportation sector in the United States. To keep climate mitigation goals on track, a reduction of about 50 percent in oil use by 2030 is necessary. The project will develop and implement synergistic and integrated strategies to reach this target in key regions on the country. One of its near-term priorities is to support the Pacific Northwest region to establish low-carbon fuel standards that reduces greenhouse gas emissions.
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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