Finally some of the financial heavy hitters (who aren't twisted libertarians) are stepping up to put some of their fortunes behind breaking the political deadlock on the US taking substantial action to address Climate Change.
Financier Plans Big Ad Campaign on Climate ChangeThis is great news. Its refreshing to see that not all billionaires share the doctrinaire short sighted self-serving libertarianism of the Koch Brothers, Richard Stephenson, or Sheldon Adelson.
By NICHOLAS CONFESSORE
A billionaire retired investor is forging plans to spend as much as $100 million during the 2014 election, seeking to pressure federal and state officials to enact climate change measures through a hard-edge campaign of attack ads against governors and lawmakers.
The donor, Tom Steyer, a Democrat who founded one of the world’s most successful hedge funds, burst onto the national political scene during last year’s elections, when he spent $11 million to help elect Terry McAuliffe governor of Virginia and millions more intervening in a Democratic congressional primary in Massachusetts. Now he is rallying other deep-pocketed donors, seeking to build a war chest that would make his political organization, NextGen Climate Action, among the largest outside groups in the country, similar in scale to the conservative political network overseen by Charles and David Koch.
In early February, Mr. Steyer gathered two dozen of the country’s leading liberal donors and environmental philanthropists to his 1,800-acre ranch in Pescadero, Calif. — which raises prime grass-fed beef — to ask them to join his efforts. People involved in the discussions say Mr. Steyer is seeking to raise $50 million from other donors to match $50 million of his own.