White House announces $1.1 billion investment into Everglades following ask from wealthy donor
President Joe Biden used his $1 trillion infrastructure bill to boost an environmental foundation run by a hedge fund billionaire who contributed tens of thousands of dollars to the Democrat’s campaign.
The White House on Wednesday announced $1.1 billion in funding from Biden’s infrastructure bill will go toward preserving the Everglades in southern Florida. The move comes less than a year after billionaire investor and Everglades Foundation founder Paul Tudor Jones lobbied the Biden administration to commit $2.9 billion to the group’s cause. Just months before making the ask, Jones contributed $50,000 to the Biden Victory Fund and an additional $2,800 to Biden’s campaign.
“It’s Washington’s turn to help, with $725 million a year in matching dollars for Everglades restoration,” Jones’s foundation said in a national ad that aired shortly after Biden’s inauguration. “President Biden, let’s finish the job.”
In addition to Jones’s status as a prominent Biden donor, Biden’s Interior Department hired the foundation’s former CEO, Shann Estenoz, to serve as its policy head for national parks. The foundation celebrated the move—Estenoz’s successor said he was “thrilled” to see her join the administration.
The White House did not return a request for comment.
The Biden campaign accepted Jones’s money during the 2020 election cycle despite the billionaire’s past support for disgraced Hollywood mogul Harvey Weinstein. Jones, who served on the Weinstein Company’s board, emailed Weinstein in 2017 to console his longtime friend following allegations of sexual assault.
“I love you,” Jones wrote in the message. “Focus on the future as America loves a great comeback story. … The good news is, this will go away sooner than you think and it will be forgotten!”
After the email’s release, some prominent Democrats were forced to distance themselves from Jones. Arizona senator Mark Kelly (D.), for example, assured reporters that he did not know Jones and “of course disagrees with his comments” after the Arizona Republic highlighted a 2017 paid speech he gave to the Everglades Foundation. Biden did not face criticism for his campaign’s association with Jones.
The White House touted the Everglades investment in a Wednesday fact sheet, saying the move will “bolster our defenses against climate change” and “advance environmental justice.”
“President Biden knows that down payments now to bolster the resilience of our infrastructure to climate change will save Americans money in the long run,” the fact sheet states. “The Biden-Harris administration will commit $5.5 billion through the President’s Bipartisan Infrastructure Law to better protect communities from climate change, and protect vital ecosystems and the people and businesses throughout the country that rely on them.”
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