The dark-money network bankrolling many of the climate-liability lawsuits against energy companies is now facing an IRS complaint, putting renewed focus on the shady financials driving this nationwide litigation campaign.

According to The Washington Free Beacon, the left-wing funding powerhouse New Venture Fund has been accused of improperly channeling money into climate lawsuits. The complaint, filed by the American Accountability Foundation (AAF), alleges that NVF may be violating federal tax rules by quietly steering resources into politically charged litigation while enjoying the benefits of tax-exempt status.

At the same time, Arabella Advisors — the for-profit hub that long managed NVF’s fiscal sponsorship network — has sold its fiscal sponsorship business to a new public benefit corporation, Sunflower Services, a move the Free Beacon reports as part of a broader rebrand amid mounting scrutiny of the network’s dark-money operations.

Read the full post at EIDClimate.org.  

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