Energy

Green Billionaire’s Wealth Makes Up 99 Percent Of Enviro-PAC’s Funds

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Chris White Tech Reporter
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Environmentalist billionaire Tom Steyer shoveled nearly $7 million into his own Super-PAC, bringing his donation total to the group up to $18 billion, according to a Thursday report from The Associated Press.

Steyer’s funds account for nearly 100 percent of NextGen Climate Action Committee’s entire political war chest, a number totaling more than $7,000,620. Steyer has given the group $7,000,000.

NextGen Climate is turning into Steyer’s own private, clearinghouse, which can be used as a proxy to fund all manner of political campaigns.

America Rising Squared (AR Squared) Communications Director Jeremy Adler said in a press statement Thursday that Steyer is likely using the group to fuel a potential electoral campaign.

“Tom Steyer is throwing a lavish party for himself and not inviting anybody else,” Adler said. “His vast personal fortune makes up more than 99 percent of his Super-PAC’s contributions, a statistic that is as embarrassing as it is self-serving, and it’s obvious the that the true purpose behind his massive political spending is to set the table for his own run for political office.”

Steyer, through NextGen Climate, and the Service Employees International Union (SEIU) are teaming up this election season to defeat Trump and elect his opponent, former Secretary of State Hillary Clinton.

The two liberal, well-heeled groups announced in early July a $10 million joint effort to derail the reality TV star turned Republican presidential nominee. “Stopping the party of Trump is our number one priority this year,” Steyer said at the time.

The California-based billionaire is also hell-bent on using his wealth to create an army of college-aged climate justice warriors. Steyer announced in a $25 million campaign in April to encourage young people to support and vote for green energy candidates in the November 2016 election.

Steyer has been a fixture in electoral politics for the several years, using much of his money to affect 2014 political races in Colorado and California. He gave more than $8.5 million into unsuccessful bids to get anti-fossil fuel candidates elected to office in 2014.

The former hedge manager bankrolled former Colorado Democratic Sen. Mark Udall’s unsuccessful reelection bid in 2014 – Steyer gave the former senator more than $4 million.

He has spent more than $13 million so far this election year, according to OpenSecrets.org.

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