SB 1526 would create a new nonprofit entity at taxpayer expense for the purpose of tapping into the $700 million Monsanto-created environmental slush fund to capitalize net zero focused projects that are clean energy and resilience projects.

Why a nonprofit and not an agency that is accountable to voters? Nationally, NGO’s are under investigation for money laundering wasting trillions. Instead of a new nonprofit, the system of nonprofits should be audited. Oregon’s nonprofits have been seen recycling donations from political campaigns.

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Cascade Policy Institute, John Charles’ Testimony lays out three primary concerns, including the concern that nonprofits should finance their work through philanthropy, not taxation. The entity would be able to receive capital from public and private sources and have authority to pursue increased funding from public bonds at taxpayer expense.

The newly created nonprofit entity would be formed for the purpose of financing “clean energy and resilience” projects under the direction of the Oregon Department of Energy (ODOE). The entity would draw from funds in the Environmental Restoration Council (a Monsanto-created environmental slush fund) to set up a nonprofit that would bestow grant money to projects that facilitate ending the use of fossil fuels in Oregon, a chief goal of the net zero agenda in the Oregon Energy Strategy.