Billionaires Toast to Merrill Lynch Underwriting Coal-Fired Power Plants

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The Billionaires for Coal had a grand old time cavorting outside Merill Lynch in downtown San Francisco yesterday. Toasting with champagne glasses, tossing out one-liners, they sneered at a group of earnest, banner-waving protesters nearby. Just a few pairs of hipster sneakers and some scruffy facial hair poked out from under the Billionaires’ suits, top hats, and cocktail dresses.

“Why travel to the tropics when we can bring the tropics to us?” asked Jodie van Horn. In real life she’s an activist with Rainforest Action Network, but as a Billionaire she goes by Alata Monie. “We’ll convert our winter properties to summer properties, and our summer properties to scuba properties.”

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Owned by no one—except you.

We just keep seeing it happen: Newsrooms owned by billionaires and corporations are spinning their own narratives, overwriting the truth, following only stories that keep them in the pocket of those with even more power.

Not here. We’re not owned by anyone. We’re not part of any cult that demands our allegiance to a bottom line. We’ve spoken up and spoken out while other newsrooms changed their stories—or cut them altogether—to keep the C suite happy.

Our mission is to find the truth and amplify it. That’s why we’re independent, nonprofit, and, crucially, funded by readers. The investigations on our website will always be free to read, watch, and listen to, but our newsroom is powered by readers who pitch in what they can so we can keep asking the hard questions.

Can you chip in today?

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