American Council for Capital Formation

The American Council for Capital Formation (ACCF)

Background

The American Council for Capital Formation (ACCF) is a Washington, DC-based free market think tank that prides itself on “economic growth through sound tax, regulatory, and environmental policies.” [1]

The group has called itself a “well-connected spokesman for American business in Washington,” a “key player” in policy circles, and “one of the most influential organizations operating behind the scenes” in the Washington policymaking arena. [2]

ACCF‘s president and CEO, Mark A. Bloomfield has been described as “a well-connected spokesman for American business” and “one of the most influential figures operating behind the scenes in the Congress.” [3]

ACCF is known for two studies, produced by the industry and Koch-funded National Association of Scholars, which critics have said feature a “distorted analysis” of proposed legislation to combat climate change. [4][5][6]

ACCF Center for Policy Research

In 1973, ACCF created a 501(c)3 nonprofit entitled the American Council for Capital Formation Center for Policy Research that “brings together academics, policymakers, business executives and the media to discuss important new research on economic and environmental policies and explore the public policy implications of the research.” [7]

Stance on Climate Change

ACCF does not deny the existence of global warming, as the ACCF statement on Energy and Climate Change Policy shows:

“Because energy use and economic growth go hand in hand, policymakers should develop a flexible, long-term approach to reducing the growth of greenhouse gases (GHGs). This will require a global effort based on technological innovation and technology transfer to developing countries where GHG emissions growth is most rapid. In addition, U.S. tax policies should be reformed to reduce the cost of capital for new energy efficient and pollution control technologies.” [8]

However, in the past ACCF‘s has denounced government policies that could be used to reduce greenhouse gas emissions as not worth the cost. For example, ACCF commented on regulating greenhouse gases under the Clean Air Act:

“Expanding the jurisdiction of the CAA to regulate domestic emissions of carbon and other GHGs will provide no net benefits to environmental quality while posing serious risks to our nation’s competitiveness, and even hampering our ability to deploy the advanced technologies which will be necessary to deal effectively with the challenges posed by Greenhouse Gas (GHG) emissions. ” [9]

Funding

The following is based on data archived at the Conservative Transparency (CT) project combined with original 990 research by DeSmog.[10]

View the summary below, or see the attached spreadsheet for additional information on ACCF funding by year (.xlsx). Note that not all CT values have been verified by DeSmog. [10]

DonorTotal
Exxon Mobil$1,564,523
Claude R. Lambe Charitable Foundation$475,000
American Petroleum Institute$350,000
Searle Freedom Trust$275,000
Sarah Scaife Foundation$125,000
Charles G. Koch Charitable Foundation$125,000
John M. Olin Foundation$100,000
American Natural Gas Alliance$37,500
True Foundation$12,300
John William Pope Foundation$10,000
William E. Simon Foundation$2,500
Grand Total$3,076,823

Exxon Funding

*According to ExxonSecrets, the ACCF has actually received over $1.6 million from ExxonMobil for “climate change activities.” [11]

Koch Funding

According to the most recent data available from Greenpeace, Koch foundations have donated $600,000 to the American Council for Capital Formation between 1999 and 2015: [12]

YearCharles Koch FoundationClaude R. Lambe Charitable FoundationGrand Total
1999 $10,000$10,000
2005 $25,000$25,000
2006 $40,000$40,000
2007 $50,000$50,000
2008 $100,000$100,000
2009 $100,000$100,000
2010 $50,000$50,000
2012 $100,000$100,000
2013$75,000 $75,000
2015$50,000 $50,000
Grand Total$125,000$475,000$600,000

Other Funders

According to a 2004-05 document covering supporters of the American Council for Capital Formation, ACCF Center for Policy Research, and International Council for Capital Formation (PDF), the ACCF and their affiliate organizations have also received funding from other organizations including energy-sector and automobile companies: [13]

ADP Foundation
Advanced Medical Technology Association
Alliance of Automobile Manufacturers
American Benefits Council
American Business Conference
American Century Investments
American Chemistry Council
American Farm Bureau Federation
American Forest & Paper Association
American Gas Association
American Petroleum Institute
American Wholesale Marketers Association
AMT-The Association for Manufacturing Technology
Associated Equipment Distributors
Association of Home Appliance Manufacturers
Automotive Aftermarket Industry Association
BellSouth Corporation
Campbell Soup Company
Center for Energy & Economic Development
Cly-Del Manufacturing Company
Conference of State Bank Supervisors
Contran Corporation
DaimlerChrysler Corporation
Driscoll Foundation
Edison Electric Institute
Equipment Leasing Association of America
Ernst & Young
Exxon Mobil Corporation
Fidelity Investments
Financial Services Roundtable
Fisher Scientific International, Inc.
FMC Corporation
FORATOM
Ford Motor Company
General Dynamics Corporation
General Mills
General Motors Corporation
Harry S. Flemming Foundation
Hillside Capital Incorporated
Institute for Global Economic Growth
Institute of Scrap Recycling Industries
John L. Loeb, Jr. Foundation
Kinsey Interests, Inc.
Loeb Partners Corporation
Malek Family Trust Foundation
Marathon Oil Corporation
Matrix Capital Markets Group, Inc.
Merrill Lynch & Co., Inc.
Metals Service Center Institute
Microsoft Corporation
Milliken & Company
Morgan Stanley
Morgenthaler Management Corp.
National Association of Manufacturers
National Association of Real Estate Investment Trusts
National Beer Wholesalers Association
National Electrical Contractors Association
National Marine Manufacturers Association
National Rural Electric Cooperative Association
Nationwide Insurance & Financial Co.
New York Stock Exchange Foundation
Newspaper Association of America
Nordberg Family Fund
Nuclear Energy Institute
Oracle Corporation
Pepco Holdings, Inc.
Portland Cement Association
Principal Financial Group
Qwest Communications, Inc.
Securities Industry Association
Small Business Entrepreneurial Council
Southern Company
T. Rowe Price & Associates
The Aluminum Association, Inc.
The Arthur Loeb Foundation
The Jeffrey Company
The Prudential Foundation
The Real Estate Roundtable
The Whitehead Foundation
Theragenics Corporation
Toyota Motor North America, Inc.
Tudor Investment Corporation
Twenty-First Securities Corporation
TXU Business Services
Uniform & Textile Service Association
Westinghouse Electric Company
Weyerhaeuser Company
Winthrop, Inc.

990 Forms

According to the ACCF‘s 2014 tax forms, the organization recorded $1,046,464 in total revenue, paid out $1,031,772 in salaries, and had total assets of $1,411,457.
 

Key People

Board of Directors

ACCF‘s Officers and Board of Directors has included former high-ranking politicians (predominantly Republican) in the U.S. government along with representatives of industry associations.

Name1997199819992000200120022003200420052007200820092011201220152016[14]2018Description
Richard W. RahnYYYYYYYYYYYYYYYYYChairman, Improbable Success Productions
Steven A. Wechsler       YYYYYYYYYYPresident and Chief Executive Officer, National Association of Real Estate Investment Trusts
Mark A. BloomfieldYY      YYYY  YYYPresident and Chief Executive Officer, American Council for Capital Formation
Susan K. Neely               YYPresident and Chief Executive Officer, American Beverage Association
Richard D. Shelby                YPartner, Capitol Hill Consulting Group
Dave McCurdy          YYYY Y President and Chief Executive Officer, American Gas Association
M. Christine Jacobs      YYYYYYYYY  Chief Executive Officer and President, Theragenics Corporation
Gary C. Hufbauer              Y  Nonresident Fellow, Peterson Institute for International Economics
Donald L. LucasYYYYYYYYYYYYYY   Venture Capitalist
Frederic V. MalekYYYYYYYYYYYYYY   Founder and Chairman, Thayer Capital Partners, L.P.
George P. ShultzYYYYYYYYYYYYYY   former Secretary of State, Secretary of Treasury, Director of Office of, Budget and Management and Secretary of Labor
John C. WhiteheadYYYYYYYYYYYYYY   former Deputy Secretary of State
Kenneth M. DubersteinYYYYYYYYYYYYYY   former Chief of Staff to President Reagan
Robert S. StraussYYYYYYYYYYYYYY   former U.S. Trade Representative
William H. Gray, IIIYYYYYYYYYYYYYY   former Chairman, House Committee on the Budget
James R. Jones YYYYYYYYYYYYY   former U.S. Ambassador to Mexico and Member of Congress
Glenn English  YYYYYYYYYYYY   Chief Executive Officer, National Rural Electric Cooperative Association
Bill Archer    YYYYYYYYYY   former Chairman, House Committee on Ways and Means
Gerald L. Parsky     YYYYYYYYY   Chairman, Aurora Capital Group
Mark A. Weinberger     YYYYYYYYY   Global Chairman & CEO, Ernst & Young
Thomas R. Kuhn     YYYYYYYYY   President, Edison Electric Institute
Charles W. Stenholm        YYYYYY   former Member of Congress
Don Nickles        YYYYYY   former Chairman, Senate Committee on the Budget
John Engler        YYYYYY   former Governor State of Michigan
Jim Kolbe          YYYY   former Member of Congress
Michael G. Oxley          YYYY   former Chairman, House Committee on Financial Services
Donna A. Harman           YYY   President and Chief Executive Officer, American Forest & Paper Association
Andrew Card YYY         Y   former Chief of Staff to President George W. Bush and Secretary of Transportation
Robert W. GalvinYYYYYYYYYYYYY    Chairman Emeritus Motorola, Inc.
L. William SeidmanYYYYYYYYYYYY     former Chairman, Federal Deposit Insurance Corporation
William D. RuckelshausYYYYYYYYYYYY     former Administrator, U.S. Environmental Protection Agency
Charls E. WalkerYY      YYYY     Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Kyle E. McSlarrow        YYYY     President and CEO, National Cable & Telecommunications Association
Margo Thorning        YYYY     Senior Economic Policy Advisor
William J. McDonough         YYY     Vice Chairman & Special Advisor to the Chairman, Merrill Lynch & Co., Inc.
Marc E. LackritzYYYYYYYYYYY      former President and Chief Executive Officer, Securities Industry & Financial Markets Association
Red Cavaney YYYYYYYYYY      President and Chief Executive Officer, American Petroleum Institute
Frank L. (Skip) Bowman        YYY      President and Chief Executive Officer, Nuclear Energy Institute
David Rehr         YY      President and Chief Executive Officer, National Association of Broadcasters
Bob Stallman     YYYYY       President, American Farm Bureau Federation
Frederick L. Webber  YYYY YYY       President and Chief Executive Officer, Alliance of Automobile Manufacturers
Lloyd BentsenYYYYYYYYY        former Secretary of the Treasury
J. Barry Griswell     YYYY        Chairman, President and Chief Executive Officer, Principal Financial Group
J. Stephen Larkin       YY        President, The Aluminum Association, Inc.
John J. ByrneYYYYYYYY         Chairman, White Mountains Insurance Group, Ltd.
William E. BrockYYYYYYYY         former U.S. Senator
Mark Heesen    YYYY         President, National Venture Capital Association
Joe F. Colvin, II      YY         President and Chief Executive Officer, Nuclear Energy Institute
Barry K. RogstadYYYYYYY          President, American Business Conference
James B. GrahamYYYYYYY          Chief Executive Officer, Viztec, Inc.
Matthew P. FinkYYYYYYY          President, Investment Company Institute
Ronald W. ReadmondYYYYYYY          Private Investor
W. Henson MooreYYYYYYY          President, American Forest & Paper Association
William D. Witter YYYYYY          William D. Witter, Inc.
Harry S. Flemming  YYYYY          Chairman, Advantor Holding Company
John M. Derrick, Jr.   YYYY          Chairman and Chief Executive Officer, Pepco Holdings Incorporated
Josephine S. Cooper      Y          President and Chief Executive Officer, Alliance of Automobile Manufacturers
David J. DruryYYYYY            Chairman, Principal Financial Group
Herbert S. Winokur, Jr.YYYYY            Chairman and Chief Executive Officer, Capricorn Holdings, Inc.
Kenneth L. LayYYYYY            Chairman, ENRON
Paul A. VolckerYYYYY            former Chairman, Board of Governors of the Federal Reserve System
H. Onno RudingY YYY            Vice Chairman and Director, Citibank
David B. Duncan    Y            Partner, Arthur Andersen LLP
M.B. Oglesby, Jr. YYY             former Assistant to President Reagan for Legislative Affairs
John H. Martinson   Y             Chairman, National Venture Capital Association
Carroll A. Campbell, Jr.YYY              President and Chief Executive Officer, American Council of Life Insurance
Edward F. MitchellYYY              Chairman of the Board, Potomac Electric Power Company
James E. Rogers, Jr.YYY              President and Chief Executive Officer, Cinergy Corporation
M. Kathleen Behrens  Y              President, National Venture Capital Association
Allen J. KroweYY               Texaco Inc.
Jack D. RehmYY               Chairman and Chief Executive Officer, retired, Meredith Corporation
James EricsonYY               President and Chief Executive Officer, Northwestern Mutual Life Insurance Company
John S. NolanYY               Partner, Miller & Chevalier, Chartered
Philip J. CarrollYY               President and Chief Executive Officer, Shell Oil Company
Brian H. Dovey Y               President, National Venture Capital Association
Carl D. ThomaY                President, National Venture Capital Association
Charles J. DiBonaY                President, American Petroleum Institute

Board of Advisors

Name20152016[14]20172018Description
Andrew CardYYYYformer Chief of Staff to President George W. Bush and Secretary of Transportation
Bill ArcherYYYYformer Chairman, House Committee on Ways and Means
Charles W. StenholmYYYYformer Member of Congress
Don NicklesYYYYformer Chairman, Senate Committee on the Budget
Donald L. LucasYYYYVenture Capitalist
Frederic V. MalekYYYYFounder and Chairman, Thayer Capital Partners, L.P.
George P. ShultzYYYYformer Secretary of State, Secretary of Treasury, Director of Office of, Budget and Management and Secretary of Labor
Gerald L. ParskyYYYYChairman, Aurora Capital Group
James R. JonesYYYYformer U.S. Ambassador to Mexico and Member of Congress
Jim KolbeYYYYformer Member of Congress
Jim McCreryYYYYformer Member of Congress
Kenneth M. DubersteinYYYYformer Chief of Staff to President Reagan
Mark A. WeinbergerYYYYGlobal Chairman & CEO, Ernst & Young
Thomas R. KuhnYYYYPresident, Edison Electric Institute
Steve Moore  YYformer Wall Street Journal Editorial Board Member
Tom Ridge  YYformer Secretary of Homeland Security, Governor of Pennsylvania and Member of Congress
Joe Lieberman   YFormer United States Senator and Democratic Vice Presidential nominee in 2000
Donna A. HarmanYY  President and Chief Executive Officer, American Forest & Paper Association
John EnglerYY  former Governor State of Michigan
Michael G. OxleyYY  former Chairman, House Committee on Financial Services
Jo Ann Emerson Y  Chief Executive Officer, National Rural Electric Cooperative Association
Richard D. Shelby Y  Partner, Capitol Hill Consulting Group
Dave McCurdyY   President and Chief Executive Officer, American Gas Association
Glenn EnglishY   Chief Executive Officer, National Rural Electric Cooperative Association
John C. WhiteheadY   former Deputy Secretary of State
Robert S. StraussY   former U.S. Trade Representative
William H. Gray, IIIY   former Chairman, House Committee on the Budget

Officers & Staff

Name20022008201020112012201420152016[15]20172018Description
Margo ThorningYYYYYYYYYYSenior Economic Policy Advisor
Mark A. BloomfieldYYYYYYYYYYPresident and Chief Executive Officer, American Council for Capital Formation
Mike Burita  YYYYYYYYDirector of Communications
Pinar Cebi Wilber  YYYYYYYYChief Economist
Hamideh Kashaninejad      YYYYTreasurer
Timothy M. Doyle        YYVice President of Policy and General Counsel
George David Banks      YY YExecutive Vice President
Drew Bond         YSenior Fellow & Director of Energy Innovation Programs, ACCF Center for Policy Research
Frédérique Schreuder         YExecutive Assistant and Director of Events
Tony Nash       YY Senior Economic Adviser for International Economic Policy
Aaron Weston        Y Senior Fellow and Director of Nuclear Energy Programs, ACCF Center for Policy Research
Robert Dillon        Y Vice President of Communications
Ashley Laing       Y  Membership & Events Manager
Jeff Crater       Y  Senior Fellow & Director of U.S. Defense Industry and Economy
Marie Sanderson       Y  Senior Fellow & Director of State and Local Economic Policy
Ashley Mitchell      Y   Membership and Events Manager
John Maguire  Y YY    Vice President for Strategic Planning
Tracy Ellis    YY    Vice President of Membership
Mari Lee DunnYYY       Senior Vice President and Secretary-Treasurer, American Council for Capital Formation
Charls E. WalkerYY        Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Ernestine R. Johnson Y        Assistant Secretary-Treasurer

Distinguished Fellows (Center for Policy Research)

Name19941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016[16]Description
Robert J. Gordon                      YStanley G. Harris Professor in the Department of Economics, Northwestern University
Michael J. Boskin                    YY Former Chairman, Council of Economic Advisers, George H.W. Bush
John B. Taylor                   Y   Mary and Robert Raymond Professor of Economics, Stanford University
Robert E. Lucas, Jr.                  Y    1995 Nobel Laureate in Economics, University of Chicago
Allan H. Meltzer                 Y     Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University
William M. Gentry                Y      Professor of Economics, Williams College
Jagdish V. Bhagwati               Y       University Professor, Columbia University
Edward C. Prescott             YY        2004 Nobel Laureate in Economics, Arizona University
N. Gregory Mankiw           YY          former Chairman, President’s Council of Economic Advisers, President George W. Bush
Charls E. Walker           Y           Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Ernestine R. Johnson           Y           Assistant Secretary-Treasurer
Margo Thorning           Y           Senior Economic Policy Advisor
Mari Lee Dunn           Y           Senior Vice President and Secretary-Treasurer, American Council for Capital Formation
Mark A. Bloomfield           Y           President and Chief Executive Officer, American Council for Capital Formation
Dale W. Jorgenson         YY            Samuel W. Morris University Professor, Harvard University
James M. Poterba       YY              President and Chief Executive Officer, National Bureau of Economic Research
Douglas J. Holtz-Eakin     YYY               former Director, Congressional Budget Office
Gary C. Hufbauer    Y                  Nonresident Fellow, Peterson Institute for International Economics
Henry D. Jacoby    Y                  Environmental Policy Fellow, 1998. Pounds Professor of Management, Massachusetts Institute of Technology
Richard L. Schmalensee   Y                   Gordon Y Billard Professor of Economics and Management, Massachusetts Institute of Technology
Thomas Horst   Y                   TCW Fellow, 1997. Former director of the International Tax Staff, U.S. Department of the Treasury Managing Director, Horst, Frisch, Clowery & Finan
Gary W. Yohe  Y                    Environmental Policy Fellow, 1996. Professor of Economics, Wesleyan University
John B. Shoven  Y                    Charles Schwab Professor of Economics, Stanford University
Arnold C. HarbergerYY                     Distinguished Professor of Economics, University of California at Los Angeles
B. Douglas BernheimY                      Professor of Economics, Stanford University
R. Glenn HubbardY                      former Chairman, President’s Council of Economic Advisers, President George W. Bush

Board of Scholars (Center for Policy Research)

Name199719981999200020012002200420052016[17]20172018Description
Arnold C. HarbergerYYYYYYYYYYYDistinguished Professor of Economics, University of California at Los Angeles
B. Douglas BernheimYYYYYYYYYYYProfessor of Economics, Stanford University
Charles McLure, Jr.YYYYYYYYYYYSenior Fellow (Emeritus), Hoover Institution, Stanford University
Michael J. BoskinYYYYYYYYYYYFormer Chairman, Council of Economic Advisers, George H.W. Bush
Robert E. HallYYYYYYYYYYYSenior Fellow, Hoover Institution, and professor of Economics, Stanford University
Roger B. PorterYYYYYYYYYYYIBM Professor of Business and Government, Harvard University
John B. ShovenYYY YYYYYYYCharles Schwab Professor of Economics, Stanford University
James M. PoterbaYYY Y YYYYYPresident and Chief Executive Officer, National Bureau of Economic Research
Burton G. Malkiel      YYYYYChemical Bank Chairman’s Professor of Economics, Princeton University
Laurence H. Meyer      YYYYYformer Governor, Federal Reserve Board
Rudolph G. Penner      YYYYYformer Director Congressional Budget Office
Gary C. Hufbauer      YYYYYNonresident Fellow, Peterson Institute for International Economics
R. Glenn Hubbard      YYYYYformer Chairman, President’s Council of Economic Advisers, President George W. Bush
N. Gregory Mankiw    YY YYYYformer Chairman, President’s Council of Economic Advisers, President George W. Bush
Dale W. JorgensonYYYYYY YYYYSamuel W. Morris University Professor, Harvard University
Edward C. Prescott       YYYY2004 Nobel Laureate in Economics, Arizona University
Harvey S. Rosen       YYYYformer Chairman, President’s Council of Economic Advisers, President George W. Bush
John D. GrahamYYYY    YYYformer Administrator, Office of Information and Regulatory Affairs, Office of Management and Budget
Douglas J. Holtz-Eakin        YYYformer Director, Congressional Budget Office
Jagdish V. Bhagwati        YYYUniversity Professor, Columbia University
John B. Taylor        YYYMary and Robert Raymond Professor of Economics, Stanford University
Robert E. Lucas, Jr.        YYY1995 Nobel Laureate in Economics, University of Chicago
William M. Gentry        YYYProfessor of Economics, Williams College
Jason Furman         YYFormer Chairman, Council of Economic Advisers, President Barack Obama
Kenneth B. Medlock III         YYJames A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics, Rice University
Robert Hahn         YYSmith School Director of Economics, Oxford University
Robert J. Gordon         YYStanley G. Harris Professor in the Department of Economics, Northwestern University
William A. Galston         YYformer Deputy Assistant for Domestic Policy, President William Clinton
Chad P. Bown          YReginald Jones Senior Fellow, Peterson Institute for International Economics
Kevin A. Hassett     YYYYY Director of Economic Policy, American Enterprise Institute
Allan H. Meltzer        YY Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University
James A. Baker, III        Y  Fellow in Energy and Resource Economics, Rice University
Susan G. Baker        Y  Fellow in Energy and Resource Economics, Rice University
Alan S. ManneYYYYYYYY   Professor Emeritus, Operations Research, Stanford University
Ed ZschauYYY YYYY   Senior Lecturer of Business Administration, Harvard University
Murray L. WeidenbaumYYY YYYY   Mallinckrodt Distinguished University Professor, Washington University
Richard L. SchmalenseeY Y YYYY   Gordon Y Billard Professor of Economics and Management, Massachusetts Institute of Technology
Sidney L. Jones     YYY   former Assistant Secretary for Economic Policy, U.S. Department of the Treasury
David F. BradfordYYYYYYY    Professor of Economics and Public Affairs, Princeton University
Lawrence H. GoulderYYYYYY     Associate Professor of Economics, Stanford University

Board of Trustees (Center for Policy Research)

Name199719982000200120022003200420072008Description
Ernest S. Christian, Jr.YYYYYYYYYAttorney-at-Law
Manuel H. JohnsonYYYYYYYYYformer Vice-Chairman, Board of Governors of the Federal Reserve System
Charls E. WalkerYY    YYYFounder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Margo ThorningYY    YYYSenior Economic Policy Advisor
Mari Lee DunnYY    YYYSenior Vice President and Secretary-Treasurer, American Council for Capital Formation
Mark A. BloomfieldYY    YYYPresident and Chief Executive Officer, American Council for Capital Formation
Josephine S. Cooper      YY President and Chief Executive Officer, Alliance of Automobile Manufacturers
Maxine C. ChampionYYYYYYY  Vice-President, Government and International Relations, Nestle USA, Inc.
Thomas D. CampbellYYYYYYY  President, Thomas D. Campbell & Associates
Larry W. PollockYYYYYY   Vice-President and Director of Taxes, Weyerhaeuser Company
Paul R. HuardYYYYY    Senior Vice-President, Policy and Communications, National Association of Manufacturers
Rudolph G. PennerYYYYY    former Director Congressional Budget Office
George N. CarlsonYYY      Partner, Arthur Andersen & Co.
Kathleen B. CooperYYY      Chief Economist, Exxon Corporation
Thomas White YY      Chairman and Chief Executive Officer, Enron Ventures Corp.
John P. RenshawYY        
Theodore R. EckYY       Chief Economist, Amoco Corporation
Norman B. TureY        President, Institute for Research on the Economics of Taxation

Actions

September 25, 2019

The ACCF claimed that a new poll it conducted in collaboration with Morning Consult proved that Americans do not view climate change as a top political priority, and that they distrust government to solve the problem. [25]

When respondents were asked if they were willing to pay more in taxes, transportation, food, and electricity costs to fund a “complete shift to renewable energy,” most responded unfavorably. [25]

Eighty-one percent of those polled, however, reported feeling “worried” about the environment, while 57% felt that climate change was caused by human activity. [25]

January 2016

Ahead of the Iowa caucuses, ACCF sponsored an ad portraying ethanol as an unclean fuel, and opposing an ethanol mandate policy: [18]


ACCF Executive Vice President George David Banks also denounces corn in the Telegram: “As we hear more about the Renewable Fuel Standard this primary season, it’s important to keep in mind the reality of the corn ethanol mandate: less energy, higher costs and more emissions. And if that sounds like a bad deal, well, that’s because it is.” [19]

August 30, 2015

ACCF‘s Senior Economic Policy Advisor Margo Thorning wrote an Op-Ed article in The Times-Tribune advocating for an end to oil export bans: [20]

“Allowing the exportation of crude oil will only further incentivize production and drive the Pennsylvania economy for decades to come,” Thorning writes.

December 14, 2011
 

ACCF‘s Senior Vice President and Chief Economist Margo Thorning testified before the Senate Subcommittee on Energy, Natural Resources and Infrastructure on the role of government in clean energy subsidies[21]

Thorning concludes that clean energy industries including those associated with wind, solar power, biofuel and ethanol are “not essential for U.S. economic and job growth and they are unlikely to provide benefits commensurate with their costs.”

According to Thorning, “increased access to domestic onshore and offshore oil and gas reserves, including shale gas, could strongly boost U.S. economic recovery, manufacturing and job growth as well as increasing energy security.” [21]

March 2008

The ACCF‘s Vice President, Margo Thorning, teamed up with the National Association of Manufacturers, the US Chamber of Commerce and a think tank called the Alliance for Energy and Economic Growth, to conduct a four-State speaking tour to discredit the proposed America’s Climate Security Act authored by US Senators Joe Lieberman and John Warner. [22]

2009

According to Greenpeace, ACCF has partnered twice with the National Association of Manufacturers to produce and disseminate “distorted economic analyses that overstate the costs of climate legislation.” The group has also been prominently featured at US Chamber of Commerce-organized forums on climate. [12]

The ACCF/NAM studies have been debunked more than once. [5][6]

American Council for Capital Formation Contact & Location

As of June 2016, the American Council for Capital Formation (ACCF) listed the following contact information on its website: [24]

American Council for Capital Formation
1001 Connecticut Avenue NW, Suite 620
Washington, DC 20036
Email: [email protected]
Phone: (202) 293-5811
Fax: (202) 785-8165

ACCF Association Council

The ACCF previously listed an “Association Council” of organizations on its website:

ACCF Association Council Member200420052008
Advanced Medical Technology Association  Y
Alliance of Automobile ManufacturersYYY
American Benefits CouncilYYY
American Business ConferenceYYY
American Chemistry CouncilYY 
American Farm Bureau FederationYYY
American Forest & Paper AssociationYYY
American Gas AssociationYYY
American Gear Manufacturers Association  Y
American Petroleum InstituteYYY
American Wholesale Marketers Association  Y
Associated Equipment Distributors  Y
Association of Home Appliance ManufacturersYYY
Automotive Aftermarket Industry AssociationYY 
Edison Electric InstituteYYY
Equipment Leasing Association of AmericaYYY
Family Company GroupYYY
Financial Services RoundtableYYY
Futures Industry Association  Y
Grocery Manufacturers of America, Inc.YY 
Investment Company Institute  Y
Metals Service Center InstituteYYY
Motor & Equipment Manufacturers AssociationYY 
National Association of ManufacturersYYY
National Association of Real Estate Investment TrustsYYY
National Beer Wholesalers AssociationYYY
National Electrical Contractors Association, Inc.YY 
National Marine Manufacturers AssociationYYY
National Rural Electric Cooperative AssociationYYY
Newspaper Association of AmericaYY 
North American Association of Food Equipment Manufacturers  Y
Nuclear Energy InstituteYYY
Portland Cement Association  Y
Rubber Manufacturers AssociationYY 
Securities Industry AssociationYYY
Small Business & Entrepreneurial Council  Y
Small Business Survival CommitteeYY 
The Aluminum Association, Inc.YY 
The Association for Manufacturing Technology (AMT)  Y
The Ohio Society of CPAs  Y
The Real Estate RoundtableYYY
Uniform & Textile Service AssociationYY 

Other Affiliations

Hoover Institution
 A number of individuals associated with the American Council for Capital Formation (ACCF) are also affiliated with the 
Hoover Institution, a public policy think tank located at Stanford University focusing on conservative and libertarian ideas.

Below are some examples:

Social Media

Resources

  1. Capital Formation (Newsletter), American Council for Capital Formation. Vol. 35, No. 1 (January-February 2010). Archived February 10, 2016. Archived .pdf on file at DeSmogBlog.
  2. Media Room”, American Council for Capital Formation. Archived February 1, 2012. Archived .pdf on file at DeSmogBlog.
  3. MARK A. BLOOMFIELD” (PDF), American Council for Capital Formation. Archived February 10, 2016. Archived .pdf on file at DeSmogBlog.
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