Mercenary: Sierra Club Took $26 Million from Gas Industry to Fight Coal Plants



The Sierra Club disclosed Thursday that it received over $26 million from natural gas giant Chesapeake Energy Corp. between 2007 and 2010 to help the group’s campaign against coal-fired power plants.

Sierra Club Executive Director Michael Brune said Thursday that he learned of the funding shortly after beginning the job in 2010 and moved to end the arrangement.



He discussed the funding on the Sierra Club’s blog Thursday after Time magazine broke the news of the Chesapeake-Sierra relationship earlier in the day.

Read more at The Hill.

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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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