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Here is their agenda in their own words:
"Project Veritas journalists working undercover on their own or by, with and through idealistic insiders bring to the American people the corrupt private truths hidden behind the walls of their institutions."
That's classical investigative journalism. But given this mission statement it's pretty obvious why the left thinks they're being targeted: they managed to take over practically all powerful institutions, including media institutions that would once have held up Veritas style reporting proudly and given it awards. How many important American institutions are run by "powerful right wing figures", exactly? Maybe a handful at most? Now how many institutions explicitly and loudly align themselves with the agenda of the left (idpol, Follow The Sciencism etc)? It's uncountably more. Just given the sheer quantities of captured institutions in question, any Veritas style initiative will inevitably uncover more corruption on the left simply because that's where the power actually is.
He didn't say they plan to release new viruses, obviously none of the idiot scientists in this whole sorry saga actually intend to release the viruses they make. What we do know is they seem to delight in using vaccine development as the justification for fiddling with dangerous viruses, even though there's no clear link between the work Wuhan was doing and later vaccine development, that they much prefer doing dangerous work in very low safety conditions because the higher BSL levels are tedious and get in the way, and we also know that they'd rather engage in coverups than admit the possibility that a virus escaped from their own labs.
That's why the executive in the video states clearly that it's a secret, the journalist shouldn't tell anyone, and that the public would hate it if they found out.
Edit: reading a bit more, they say that their biggest scoop ever was an ABC News anchor saying she had the Epstein story and killed it due to pressure from the British Royal Family. So their top hit is actually one that attacks what is arguably the most conservative institution in Britain! It doesn't really get more "powerful right wing figure" than the Queen, yet Veritas didn't hesitate to reveal their machinations. So this far right claim is clearly just a smear.