Elections

Tree-Hugging Billionaire Dumps Another $7 Million Into Clinton Coffers

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Chris White Tech Reporter
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Billionaire environmentalist Tom Steyer shoveled another $7 million into his personal effort to get Democratic Presidential nominee Hillary Clinton elected.

Steyer pumped $7 million of his hedge-fund fortune into his super PAC, NextGen Climate Action, which plans an aggressive campaign to turn out voters to help Clinton and others in the party. The donation raises his total contributions this year to the Democratic machine to $35 million.

The massive contribution shows the Clinton supporter is following through on his promise to spend this election year pouring millions of dollars into the campaign coffers of Democratic candidates.

Steyer sunk tens of millions of dollars into environmental campaigns in 2014. The Democratic moneyman plowed more than $8.5 million into unsuccessful bids to get anti-fossil fuel candidates elected to office two years ago.

He also financed Colorado Democratic Sen. Mark Udall’s unsuccessful reelection bid in 2014 – Udall received $4 million from the wealthy environmentalist. The donation and Udall’s anti-fracking positions were unpopular in fossil fuel-dependent Colorado.

Steyer has also indicated a willingness to dump money on college campuses for the purposes of pushing students to vote based on environmental platforms.

NextGen announced a $25 million campaign in April encouraging young people to support and vote for green energy candidates in this year’s election.

All that cash may be paying dividends, as the Democratic Party’s platform has begun shifting toward Steyer’s environmental positions.

The new platform is “a quantum leap forward from four years ago,” Steyer said in July following the changes. “I think we have the most progressive environmental platform in the history of the Democratic Party and in the history of American politics.”

The new party platform mirrors the green billionaire’s objectives, in that it requires the U.S. to generate at least half of its energy from non-carbon-emitting sources such as solar and wind by 2030.

NextGen wrote a report earlier this year titled, “Fact Sheet: Powering America With More Than 50 Percent Clean Energy by 2030.”  The recommendations in the reports are shown here alongside the planks developed earlier this week by the Democratic Party.

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