Drew Johnson: Billionaire Bankrolling Anti-Pipeline Movement

Monday, 02 Dec 2013 06:47 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A billionaire hedge fund manager is funding efforts to stop the Keystone XL Pipeline project, says Drew Johnson, a senior fellow at the Taxpayers Protection Alliance.

Johnson said that Tom Steyer, a climate-change activist and partner in the $8 billion private equity firm Hellman & Friedman, is bankrolling the anti-pipeline movement.

"He's one of the richer guys in the United States," Johnson told "The Steve Malzberg Show" on Newsmax TV.

Story continues below video.



"He claims that it's for environmental reasons . . . But it's actually some business reasons," Johnson said Monday.

He said building the pipeline would mean tens of thousands of jobs for Americans as well as cheaper electricity.

"And probably most important, really, is the fact that we'd be getting a lot of our oil domestically and from Canada rather than from unfriendly nations," he said.


See "The Steve Malzberg Show" on Newsmax TV each weekday live by clicking here now.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Grover Norquist: Scott Walker 'Changed the Country as Governor'

Monday, 24 Nov 2014 11:40 AM

Conservative activist Grover Norquist tells "America's Forum" that the reason Wisconsin Gov. Scott Walker would be a "go . . .

Radio Host: Obama-Barry Comparison Like 'Apples to Monkeys'

Monday, 24 Nov 2014 11:31 AM

Left-leaning radio talk show host Ari Rabin Havt and conservative blogger Javier Manjarres appeared on Newsmax TV's “Ame . . .

China Primed for 'Modernized Blitzkrieg' on US Infrastructure

Monday, 24 Nov 2014 11:02 AM

NSA Director Michael Rogers' recent statement that China could shut down American infrastructure with a coordinated atta . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved