By Michael Bastasch
The single largest donor of the last two election cycles says he’s moving his activism beyond rallying young people against global warming to lead the “resistance” against President Donald Trump.
The move comes after San Francisco hedge fund billionaire Tom Steyer personally spent about $163 million in the last two election cycles supporting Democratic candidates and liberal causes, like fighting global warming.
Steyer saw his political stock rise after throwing millions behind efforts to oppose the Keystone XL oil pipeline, eventually creating his own activist group, NextGen Climate Action, to “bring climate change to the forefront of American politics.” NextGen intended to mobilize young people and support candidates whose top priority was fighting global warming.…
It’s right out of “Brewster’s Millions.” A rich guy quickly blows through $174 million and in the end, walks away with nothing to show for it. That’s the strange but true story of hedge fund billionaire-turned green activist Tom Steyer.
After making his fortune from investments that include some of the planet’s most environmentally unsound operations, Mr. Steyer said he experienced a “Road to Damascus” moment and repented by becoming “Daddy Greenbucks” to radical environmentalists and their elected champions.
In 2014, after boasting that he would make climate change the top campaign issue, he spent nearly $75 million, mostly from his own deep pockets, making him the election season’s largest single donor.
Politico and others criticized his ads as “super weird” and “bizarre.” One received “Four Pinocchios” from The Washington Post fact-checker for relying on “speculation, not facts, to make insinuations and assertions not justified by reality.”
Memo Reveals Steyer’s WH Climate Influence – Proposed ‘extreme weather SWAT team’ to exploit natural disasters
Within weeks of John Podesta’s appointment as a top White House energy policy adviser, billionaire Democratic donor Tom Steyer, a board member of the think tank Podesta founded, was helping to steer White House climate policy, hacked documents reveal.
Democratic strategist and Steyer lieutenant Chris Lehane emailed Podesta a memo in January 2014 detailing a proposed structure for an overarching Obama administration climate policy plan that, he hoped, would both achieve policy gains and hurt Republicans at the ballot box.
According to Lehane, Steyer himself was also promoting the plan.
“TS may have sent you this doc last night — but believe he may have sent a slightly earlier draft so please use this one,” Lehane wrote to Podesta. “We hope this is helpful and stand ready to support whatever you may need.”
The email was one of thousands released by Wikileaks this week after hackers believed to be acting in concert with the Russian government breached Podesta’s email account, exposing details of the Hillary Clinton campaign chairman’s private conversations.
Lehane’s memo indicates that Podesta had asked for Steyer’s input shortly after he joined the White House as a counselor to the president in charge of energy and climate policy on Jan. 1, 2014.
“Thank you for asking us to share some ideas for a holistic approach to climate,” the memo began. “Per your direction, the goal is to unify policy, politics, and communications to help the Administration best execute an informed plan over a multi-year time period.”
Steyer and Podesta have worked together on climate issues for years. Podesta even recommendedin 2008, that Obama appoint Steyer, a board member of and donor to the Podesta-founded Center for American Progress, as his secretary of energy.
Before joining the White House, Podesta—with input from Lehane and radical environmental activist Bill McKibben—helped craft a political strategy that formed the basis for Steyer’s opposition to the Keystone XL pipeline.
When Podesta solicited his input on administration climate policy in early 2014, Steyer was ramping up a political operation, spearheaded by Super PAC NextGen Climate Action, that would eventually spend more than $77 million backing Democratic Senate and gubernatorial candidates.
Though the strategy in the Steyer-Lehane memo aimed to win policy victories, it was also deeply political and sought to use “wedge” issues to force Republicans into politically difficult positions on climate and energy …
It turns out liberal billionaire Tom Steyer’s environmental super PAC was totally involved in promoting investigations into ExxonMobil and global warming skeptics by state attorneys general.
“It’s not something that Tom personally is pushing, though some of our teams on the ground have participated in rallies or events to support our coalition partners,” a spokeswoman for NextGen Climate Action told Politico.
NextGen, Steyer’s super PAC, admitted to backing investigations by New York AG Eric Schneiderman into Exxon over its stance on global warming. The admission came just one day after Steyer told Politico “[w]e’re definitely not pushing this thing.”
“We are not part of this effort,” Steyer said.
Well, that turned out not to be exactly true. The Washington Free Beacon did some digging and found NextGen “has repeatedly promoted the effort and attempted to enlist federal and state officials in efforts to bring charges against Exxon.”
Schneiderman began investigating Exxon in November to see if the company was misrepresenting to shareholders the impacts global warming and climate regulations could have on its operations.
IMAGE: RINGO CHIU/AFP/GETTY IMAGES
Americans in their 20s and 30s could lose trillions of dollars in potential lifetime earnings as climate change disrupts the global economy and weakens U.S. productivity, according to a new report by NextGen Climate said.
If countries fail to reduce greenhouse gas emissions and limit the amount and pace of global warming, a 21-year-old college graduate today could lose $126,000 in lifetime wages and $187,000 in long-term savings and investments, the report found.
This would outrank the lost income due to student debt or wage stagnation.
As an entire generation, U.S. millennials — all75.4 million of them — could lose nearly $8.8 trillion in lifetime income without climate action, NextGen said. Those losses could keep climbing for the children of millennials and beyond.
“Global warming may very well be the biggest threat over the lifetime of a single generation,” Tom Steyer, the billionaire liberal climate activist and founding president of NextGen, told reporters Monday on a press call.
Changing The Weather: Dem Platform Lurches Leftward Thanks To Green Billionaire Money
‘You absolutely cannot’ buy policy changes with political contributions
— gReader Pro…
California Green Billionaire Endorses Hillary Clinton For President
‘Hillary Clinton is an experienced leader who will lead us to victory’
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Exclusive: Billionaire Green Activist Steyer Says Not Yet Ready to Back Clinton, Open to Sanders
“Sanders has a climate agenda that on its face appears to resonate more closely with Steyer’s – an aggressive move away from fossil fuels, including a ban on hydraulic fracturing.” Reuters reports:
— gReader Pro…
“It’s called the Breakthrough Energy Coalition and is a collection of scoundrels including, Soros, Steyer and cellulosic ethanol scammer Vinod Khosla.
The only one missing so far is Elon Musk.”
Chairman, Soros Fund Management LLC
Businessman, Philanthropist, and President, NextGen Climate
U.S. Securities and Exchange Act filings indicate that Soros has purchased an initial 1 million shares of Peabody Energy and 553,200 shares of Arch Coal, the two largest publicly traded U.S. coal companies. As pointed out last week, both companies have been driven perilously close to bankruptcy by the combination of President Obama’s “war on coal” and inexpensive natural gas brought on by the hydrofracturing revolution. Under the hypothesis that not even socialists would leave trillions of dollars worth of a perfectly safe and clean energy source in the ground for the sake of the imaginary “climate crisis,” I posited that once the existing coal industry ownership was wiped out by President Obama’s regulatory onslaught, a new politically correct ownership would rehabilitate the fuel by contributing to Democrats.