Liberal Billionaire Steyer Expanding his Political Reach

Image: Liberal Billionaire Steyer Expanding his Political Reach

Monday, 23 Dec 2013 07:01 AM

By Ellito Jager

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Liberal billionaire Tom Steyer is broadening his efforts to influence elections nationwide, the Los Angeles Times reports.

Steyer, who made his money from a San Francisco-based hedge fund, is bankrolling an array of non-profits devoted to opposing fossil fuels and promoting concern over global warming. He successfully campaigned to persuade Californians to pass a $1 billion annual tax hike — revenues intended to promote energy efficiency.

He left the business world in 2012 and may have an eye on the California governor's mansion or a U.S. Senate seat. Steyer has also reportedly been considered for a cabinet job in the Obama White House, the Times reported over the weekend.

Now he is putting his money on blocking the Keystone XL Pipeline. His claim is that the pipeline will contribute to global warming, a problem which he says, "for whatever reason" is not being addressed.

John Podesta, President Barack Obama's incoming White House counselor, has described Steyer as "good at organizing [core supporters] the president knows and cares about."

But Former secretary of state George Shultz, who has cooperated with Steyer on the tax-hike campaign, parts company with him on the pipeline, the Times noted.

"It is an absolute calamity that it was not approved long ago. With energy, we always need to keep in mind three objectives: security, economics, and the environment," Shultz said. "Oil that comes from Keystone does not go through the Strait of Hormuz. It is secure oil."

Steyer hired attorney Chris Lehane, a former Clinton White House operative, to manage his political efforts against global warming.

Through NextGen Climate Action, Steyer spent $8 million to oppose Republican Ken Cuccinelli in the Virginia governor's race mobilizing voters for whom climate change is a priority. Democrat Terry McAuliffe ultimately won the race though there is no evidence that NextGen's intervention was a factor, The Washington Post reported.

The billionaire also injected himself into the Massachusetts U.S. Senate race. There, Democrat Edward Markey, who ultimately won, discouraged Steyer's involvement as counterproductive.

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  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
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

Air Force to Award New Stealth Bomber Contract in 2015

Tuesday, 16 Sep 2014 19:22 PM

The Air Force will select a contractor to build the next generation of the stealth bomber by the middle of next year. . . .

Economist: US Military Spending Flat While Global Dangers Rise

Tuesday, 16 Sep 2014 19:17 PM

The Pentagon budget lags behind the real cost of meeting the United States' military obligations "in a world that is gro . . .

NY State Introduces Bill to Legalize Recreational Pot

Tuesday, 16 Sep 2014 18:25 PM

A New York state lawmaker is ready to introduce a bill legalizing marijuana for general use in January.
Democratic  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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