“Green billionaire” Tom Steyer has gone “clean.” He’s apparently kicked his coal habit – for all of 15 days. Up until June 30, 2014, Steyer was still making money off of fossil fuel investments through Farallon Capital Management (which he founded).
Yet, to the media Steyer “has become the environmental hero he set out to be.” ABC World News with Diane Sawyer on April 3 portrayed Steyer as the left’s answer to the “secretive” libertarian Koch brothers. While Andrea Mitchell on NBC “Nightly News” on Jan. 31 let Steyer’s criticisms of the Keystone Pipeline stand uncontested. The Washington Post dubbed him a hero, the left’s “own billionaire donor to counter the powerful Koch brothers on the right.” Tom Steyer had pledged $100 million to Democratic candidates this election cycle, to ensure that the Keystone Pipeline doesn’t get approved.
Apparently journalists are happy to forgive when they agree with their former opponents.
Henry M. Paulson, Jr., Secretary of the Treasury under President George W. Bush, wrote an op-ed in The New York Times on June 22, warning of the financial risks of climate change. Soon afterward, Paulson was publicly joined by billionaire liberal donors Tom Steyer and Michael Bloomberg in the “Risky Business” campaign to highlight the alleged “economic risks of climate change in the United States.”
We got our answer on Monday, when Schultz happily interviewed Tom Steyer, a prolific Democratic donor who has pledged $50 million of his own money -- which will be matched by other members of “the party of the little guy” -- to support candidates who oppose the Keystone XL Pipeline and attack Democrats who support the project, which has interestingly been delayed by the Obama administration until after this November's midterm elections.
On Friday April 18, the Obama Administration announced yet another delay on whether or not to proceed with the Keystone XL pipeline. The Obama Administration’s decision came in the wake of a new ABC News-Washington Post poll which found 65 percent of Americans support the construction of the pipeline with only 22 percent opposed.
Following the latest delay, NBC mostly ignored the story, giving it a paltry 18-seconds on the Saturday April 19 Today. Keystone was briefly mentioned on Sunday’s Meet the Press during an interview between moderator David Gregory and Congresswoman Debbie Wasserman-Schultz (D-FL). CNBC’s Squawk Box was the only NBC program to mention that Democratic billionaire and environmentalist Tom Steyer had pledged $100 million for Democratic candidates on the condition that Keystone not be approved. [See video below.]
Liberals absolutely love complaining about so-called dark money, until a climate alarmist starts waving around his millions. Make that $100 million.
Billionaire and former fossil fuel investor Tom Steyer recently announced plans to use his organization, Next Generation Climate Action, to inject millions of dollars into the 2014 election. Steyer, No. 1,031 on Forbes magazine’s billionaire’s list, has previously funded Virginia Democratic Gov. Terry McAuliffe’s 2013 campaign and run questionable ads slamming the proposed Keystone pipeline.
Did you know that the left has been almost completely starved for funding all these years? Why, there's almost nobody out there providing seed money for "community organizers," activists, and "advocacy groups" to offset the evil impact of the Koch brothers.
Continuing an establishment press meme going back at least to April, as NewsBusters' Tim Graham noted at the time, that's the impression one would get from reading Evan Halper's coverage of Tom Steyer, the left's most recent addition to what is really a decades-long line of deep-pocketed providers of the mother's milk of politics — and the guy sure knows how to pick 'em when it comes to identifying a pet cause (HT to Gary Hall; bolds are mine):
Politico’s Alex Burns and Maggie Haberman have designated 2013 as “Year of the Liberal Billionaire,” as progressive titans like Michael Bloomberg and Tom Steyer unload their money bags on TV ads in off-year elections.
“Their arrival on the political scene, at the same time as many conservative donors remain disheartened from the GOP’s 2012 defeat, represents a shift in power in the arena of big-money campaigns,” Burns and Haberman assert. At least they allowed some more conservative sources to call out the media for giving liberal billionaires a free pass:
The newest celebrity in the liberal universe is billionaire Tom Steyer. In a story headlined "The Wrath of a Green Billionaire," Bloomberg Businesweek reporter Joshua Green explained he’s hailed as “a liberal analogue of the conservative Koch brothers, the billionaire owners of Koch Industries, whose lavish support of free-market causes and political ruthlessness loom large in the liberal imagination.’‘
Steyer’s obsession is stopping global warming. “If you look at the 2012 campaign, climate change was like incest—something you couldn’t talk about in polite company,” he says. Naturally, this swagger reminds the Bloomberg-owned magazine of...well, Bloomberg:
At a time when the American mood has turned against excessive government spending, Christiane Amanpour devoted Sunday’s This Week to four liberal Democratic billionaires, though she failed to identify their political orientation, who want higher income tax rates on the wealthy.
Unmentioned during the pre-taped interviews with Warren Buffett, Bill and Melinda Gates, Ted Turner and Tom Steyer revolving around their participation in “The Giving Pledge” – the promise to give away at least half their wealth: how they are free now to give all the money they want to the federal government.
Amanpour began by touting: “Warren Buffett has been practically begging the country, begging Congress to tax him more. In fact, many of the richest Americans like Buffett, Bill and Melinda Gates and Ted Turner say that they should pay higher tax.” In between letting Buffett expound at length on why taxes should be hiked, she fretted to Bill Gates: “If people aren't going to pay for the services that they need, how are those services going to get funded, do you think?”