You know a liberal is in trouble when even the NY Times points out what a phony he is – which is the reality that California billionaire Tom Steyer woke up to over the weekend, when he received front-page treatment for how he got very rich by investing in coal across the globe.
Now some environmentalists who had been happy to take Steyer’s money are wondering just how much they want to dirty themselves by associating with him, given that records show the hedge fund he founded has in the last 15 years “pumped hundreds of millions of dollars into companies that operate coal mines and coal-fired power plants from Indonesia to China.”
“‘It’s gobsmacking,’ Philip Spark, president of the Northern Inland Council for the Environment, a nonprofit trying to stop construction of the mine, said in a telephone interview. ‘It’s amazing that such a person could have been involved in this project.’ ”
The “project” which is currently concerning the greenies is a huge coal mine in Australia that benefited from “hundreds of millions of dollars” invested by Steyer, and rewarded him with millions of dollars in return.
As the story – which also ran on the front page of the Seattle Times since Steyer has invested in Democrat politics in this state at the request of Jay Inslee – points out, there is a load of hypocrisy in Steyer’s position: “As coal linked to Mr. Steyer’s previous investments burns in Asian power plants, he is spending a fortune earned from those investments to pursue a green agenda that would shutter similar plants in the United States.”
Perhaps Steyer is trying to clean up his legacy a bit, given that “the coal-related projects his firm bankrolled will generate tens of millions of tons of carbon pollution for years, if not decades, to come.”