Over medium heat add 2 tbsp extra virgin olive oil to a large pot. Add onions, peppers and garlic and saute until tender, about 5 minutes.
Add 1 lb of lean ground beef. Break up with a wooden spoon or potato masher. Cook until browned, about 5 minutes. Drain excess fat.
Add spices to the pot - chili powder, cumin, ancho chili powder, oregano, brown sugar, salt and pepper. Stir to combine.
Drain and rinse the beans. Add to the pot and stir.
Pour in the diced tomatoes, including the liquid.
Add 32 oz of chicken broth and simmer with a lid on for 15 minutes.
Serve with your favorite chili toppings - sliced green onions, sour cream, tortilla chips or strips, fresh cilantro, diced avocado, shredded cheese, etc.