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Greenpeace has a bad week

It has been bad week at the office for Greenpeace. Last week the government of India decided that they were not conducive to the public good or the kind of people that a poverty afflicted nation like themselves should give too much time to.

An Intelligence Bureau report on foreign-funded NGOs “negatively impacting economic development” in India has called Greenpeace “a threat to national economic security”, citing activities ranging from protests against nuclear and coal plants and funding of “sympathetic” research, to allegedly helping out an Aam Aadmi Party candidate in the recent Lok Sabha elections.

This story, which emerged last week, was bad enough but there is a scandal about to break over the organisation tonight which might prove harder to explain away (translated from the German by yours truly and Google Translate, so it's worth checking).

The environmentalist as a speculator: Greenpeace worker loses donor millions

A worker in the finance department racked up losses of millions through foreign exchange speculation, according to Spiegel sources. The money originated from donations.


(H/T Omnologos)

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Reader Comments (26)

I am not yet able to take pleasure from the travails of Greenpeace.

I grew up with their disseminated ignorance and bigotry against Science, and Chemistry in particular. Then, as my education progressed and specialised, [they] almost followed me and decided that they would pick on Carbon instead of Plutonium. I have no reason to believe that they are behaving any differently in the poor nations of the world.

Sorry for the swear word, Bish.

[Please don't - it just wastes my time having to snip it]

Jun 15, 2014 at 10:09 PM | Unregistered Commentermichael hart

Oh dear. How sad, Tsk, tsk. How will I ever overcome my grief?


Jun 15, 2014 at 10:11 PM | Unregistered CommenterLatimer Alder

Was he trying to support the carbon credit market?

Still it makes interesting news that they "play the market" with donations. Will that lead to the gullible sending them more?

Jun 15, 2014 at 10:16 PM | Unregistered CommenterGraeme No.3

Greenpeace - where millions of $1 green banknotes find a resting peace

Jun 15, 2014 at 10:42 PM | Registered Commenteromnologos

Loving it. #GreeniesAreStupid

Jun 15, 2014 at 10:45 PM | Unregistered CommenterSadButMadLad

Well their ship Arctic Sunrise held in the port of Murmansk is about to be released after 9 months.

Given how much the port fees were supposed to be, I wonder whether any of the "foreign currency exchange management contracts" (as the Greenpeace press release terms it) were in roubles.

Jun 15, 2014 at 10:55 PM | Unregistered CommenterBruce of Newcastle

So a criminal enterprise conned its way into popularity and social acceptance by rationalizing their crimes. Now they are caught squandering its harvest of victim money. This is poetic justice.

Jun 15, 2014 at 11:10 PM | Unregistered Commenterhunter

Unfortunately, the rotten bastards managed to also recently shut down a hydro power site in Chile, which would have supplied up to 21% of the country's needs with renewable energy and very low CO2 generated. Mind you, I am more about the hydro than the 'renewable' or the CO2... They'd rather carpet the country with turbines.

Jun 15, 2014 at 11:14 PM | Unregistered CommenterOtter

I'm wondering if it's worse than we thought. Has Greenpeace deliberately used demonstrations to damage countries' financial health with the intent of giving themselves a profit by shorting the Quatloo (or whatever)? Impossible, you say? Well, you may be right, based on the outcome. Still, it will be interesting to see the details of where they got caught.

Jun 15, 2014 at 11:40 PM | Unregistered Commenterjorgekafkazar

That is amazingly effective work by Greenpeace. The article says GP raised Rs 20 crore (£2million) last year. And somehow they managed to leverage that across a country of over a billion people to reduce GDP by “2-3 per cent per annum”. A stupendous result for 0.2p per head of population! I gotta find who does their advertising...

Jun 15, 2014 at 11:40 PM | Unregistered CommenterMarge

More on Greenpeace losses, untranslated.

Jun 15, 2014 at 11:42 PM | Unregistered CommenterPeter

Greenpeace squander money? That's news?

Have they ever spent money otherwise?

Stock finagling, dice, roulette, cards, Las Vegas, loose (but expensive) ladies and loose others of the night, favorite sheep, beloved goats, slow penguins, slower turtles (you did wonder why the GreenPiece loons visited those exotic locales, right?).

Who cares or what's the diff?

Just so long as those buggers of nature and civilization fritter money away without interrupting normal life and civilization. Maybe some of the trolls will seek gainful employment as one result? :>

Jun 16, 2014 at 12:59 AM | Unregistered CommenterATheoK

It couldn't happen to a nicer, uh, bunch of people.

Jun 16, 2014 at 2:52 AM | Unregistered CommenterJEM

Greenpeace, a sophisticated parasite of our Society, clearly has delusions of Corporatist-fascist grandeur.

Jun 16, 2014 at 7:37 AM | Unregistered CommenterSpartacusisfree

Haha, punished by Capitalism...

Jun 16, 2014 at 8:19 AM | Unregistered CommenterWijnand

Charity status should be revoked immediately and all members refunded their contributions with a letter of apology.

Jun 16, 2014 at 8:21 AM | Unregistered CommenterLord Beaverbrook

"Greenpeace worker loses donor millions"

I wonder if that means they will have to reduce the number of air flights their staff go on to save the planet! Perhaps even reduce the use of their 4-wheel drives!

It is tough being green.

Jun 16, 2014 at 9:01 AM | Unregistered CommenterCharmingQuark

"A stupendous result for 0.2p per head of population! I gotta find who does their advertising...". Marge, you're thinking that Greenpeace do things in the proper legal way. They don't. They commit criminal acts. So they are in effect terrorists. And like terrorists, they can spend a small amount and cost huge amounts in the reaction/result.

Jun 16, 2014 at 9:22 AM | Unregistered CommenterSadButMadLad

There is no faster way to lose money.

50% of all amateurs trading in consumer FX shops lose all their money in six months. (From a friend who worked in one).

Jun 16, 2014 at 11:00 AM | Unregistered CommenterSwiss Bob

1.4% of annual revenue (€3.8m of €270m) or €1.40 of the average €100 the normal gullible donator gives each year.
"Current campaigns of eco-activists, so Townsley, are not endangered. Greenpeace International reported last submitted Annual Report of 2012 revenue of around 270 million euros, most of which donations of nearly three million supporters. "
- isn't it a bit strange that they last submitted accounts in 2012 ?

Jun 16, 2014 at 12:20 PM | Registered Commenterstewgreen

Julia Slingo started all this by likening Climate Change to Horse racing, now they all have the gambling bug and its a hard addiction to stop. Last I heard, the greenies team studying the flora , fuana and form in the Brazilian rain forest have bet the Arctic Sunrise on Rooney scoring the first goal on Thursday night

Jun 16, 2014 at 1:05 PM | Unregistered CommenterEternalOptimist

Greenpeace's web statement translated throws more light on this.
1. it's to do with Greenpeace International the division that tops up the budgets of regional/national offices
2. KPMG are about to publish the 2013 accounts and this is where it came to light.
3. the annual budget for GI is about €80m, so thr 3.8m is about 5% of that.
.. Socialists burnt when they try capitalist practices etc.
.. You'd expect Greennpeace's accounts to be in the red ...etc.
- However they are pretty good at business ..seehow they "own" many mainstream media departments and have "bought" many government policies across the world, usurping the democratic voters are not usually asked about specific green polices. (I say owm/bought, but more often bought with dirty PR tricks and blackmail type techniques, rather than money of course)
- Sad the Russisns have released thr eco-terrosits ship, but did seem that outside Russia GP actions has always helped the oil oligarchs, by making the scare which pushes up oil prices, yet hampers the westetn oil corps ability to exploit their own oil.

Jun 16, 2014 at 3:33 PM | Registered Commenterstewgreen

" Greenpeace worker loses donor millions"

Clearly the work of an undercover denialist.

Jun 16, 2014 at 4:05 PM | Unregistered CommenterGareth

The latest political polls in New Zealand tell us that Greenpeace and the Left in general, despite the barrage of eco-nonsense emanating from the various Greenpeace-supporting luvvies here, is sliding slowly downward in public regard as the prospect of The General Election looms.
Sadly, the Green capture of the meeja is still very comprehensive, with the notable exception of convinced and articulate climate realist and conservative Leighton Smith, who hosts a very popular radio talkback show every week day.

Jun 16, 2014 at 11:09 PM | Unregistered CommenterAlexander K

Some time ago, the New Zealand government removed the charitable status from the the NZ arm of Greenpeace.
Also, the latest political poll shows that Greenpeace (the NZ political party) is sliding downward in the regard of the voting public despite the almost constant barrage of eco-nuttery from the meeja with the notable exception of of outspoken and very articulate CAGW sceptic, the very popular morning radio talk show host Leighton Smith.

Jun 16, 2014 at 11:20 PM | Unregistered CommenterAlexander K

Sorry for the double post and for generally being boring. The first post evapourated somewhere, then re-appeared after I tried to reconstruct it in a second post.

Jun 17, 2014 at 4:58 AM | Unregistered CommenterAlexander K

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