donors, particularly on Wall Street, where financiers were understandably attracted to the idea of harnessing the profit motive to solve environmental ills. Under Krupp’s leadership, the EDF’s annual budget expanded from $3 million to roughly $120 million. Julian Robertson, founder of the hedge fund Tiger Management, underwrote the EDF’s work to the tune of $40 million, a staggering sum for a single benefactor.V, 39 The Environmental Defense Fund has always insisted that it does not take donations from the companies with which it forms partnerships—that, writes EDF senior vice president for
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