The Hypocrisy of the Left, the Global Warming Folks and Tom Steyer … Billionaire Hedge Fund Hypocrite Made Money from Coal
Billionaire liberal and so called climate change activist Tom Steyer, he was for coal, before he was against it.
Define hypocrisy, see Tom Steyer. As reported in the New York Times this weekend, Tom Steyer, the most influential environmentalist in American politics, who has vowed to spend $100 million this year to defeat candidates through his PAC, NextGEN Climate, who oppose policies to combat climate change in fact made his billions by, hold it, hold it … investing in coal. You just can’t make this stuff up. But then again, one does not have to when it comes to the liberal, double standard Left. Steyer has been one of the main opponents of the XL Keystone pipeline.
Talk about a complete loss of credibility. If Steyer is so strongly opposed to climate change and has basically made his fortune by increasing global warming (this is the Left’s philosophy) then why doesn’t he give all his money away?
To environmentalists across Australia, it is a baffling anachronism in an era of climate change: the construction of a 4,000-acre mine in New South Wales that will churn out carbon-laden coal for the next 30 years.
The mine’s groundbreaking, in a state forest this year, inspired a veteran to stand in front of a bulldozer and a music teacher to chain himself to a piece of excavation equipment.
But the project had an unlikely financial backer in the United States, whose infusion of cash helped set it in motion: Tom Steyer, the most influential environmentalist in American politics, who has vowed to spend $100 million this year to defeat candidates who oppose policies to combat climate change.
Mr. Steyer, a billionaire former hedge fund manager, emerged this election season as the green-minded answer to Charles G. and David H. Koch, the patrons of conservative Republican politics, after vowing that he would sell off his investments in companies that generate fossil fuels like coal.
Much, much more on the hypocrisy of the Left and Tom Steyer from Power Line, who was reporting on this story long before the NY Times decided that the news was fit to print.
This past April, with the help of a knowledgeable reader, we took a deep dive into the fossil fuel investments of Democratic money man and environmental poseur Tom Steyer in “The epic hypocrisy of Tom Steyer.” Introducing our reader’s report, John wrote regarding Steyer: “Today, he is a bitter opponent of fossil fuels, especially coal. That fits with his current economic interests: banning coal-fired power plants will boost the value of his solar projects. But it was not always thus. In fact, Steyer owes his fortune in large part to the fact that he has been one of the world’s largest financers of coal projects. Tom Steyer was for coal before he was against it.”
No hypocrisy here, eh? So let’s understand this … make billions from investing in fossil fuels and carbon based coal, then claim moral outrage and spend $100 million for political influence. What about the other $900 billion?
The Republican candidates Mr. Steyer is targeting in this year’s midterm elections said such investments deeply undermined his cause.
“It blows a hole in his credibility,” said Representative Cory Gardner, a Senate candidate in Colorado, whose Democratic rival, Senator Mark Udall, has benefited from $100,000 from Mr. Steyer’s political organization. “You can’t claim you are a great environmentalist and invest in the very same technologies you are railing against.”
Republican leaders and their allies are drawing up plans to cast Mr. Steyer as a hypocrite. In North Carolina, Thom Tillis, a Senate candidate, said he intended to portray his opponent, Senator Kay Hagan, and Mr. Steyer as “people who say one thing and do another.”