Published On: Tue, Aug 5th, 2014

Billionaire Tom Steyer Devotes Extra Greenbacks to Green Candidates

Farallon Capital Management Founder Tom Steyer Interview

Tom Steyer is giving more green for green politics, as he sets his eyes on the Washington State elections and crucial environmental legislation. He has already entrustd $750, 000 in a spending match to attempt to de-seat Florida governor and climate change denier, Rick Scott. Now Steyer and his environmental organization, NextGen Climate, is aiming for victories in 3 to 4 campaigns in Washington State. Currently, the Democrats are just 2 seats shy of a crucial majority needed to push cap and trade legislation with the aim of reducing carbon emissions.

Neither Steyer nor NextGen Climate discussed which seats they are looking at, but it has been suggested that they include those held by Republican incumbents Steve O’Ban, Doug Ericksen and Andi Hill facing Democratic challengers Tami Green, Matt Isenhower and SethFleetwood. With primaries on Tuesday, it will be clearer how hot these races may be.

The former hedge fund manager is an ardent environmentalists, divested from any holdings that were connected with fossil fuels and pledged to donate half of his fortune to charity. He founded the TomKat Center for Sustainable Energy. Steyer was born in New York City in 1957. His mother Marnie was an Episcopalian and taught remedial reading at the Brooklyn House of Detention and his father,  member of the Reform Congregation Emanu-El, was a partner at the law firm Smith & Cromwell.

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