Posted on 12/30/2017 9:59:40 AM PST by E. Pluribus Unum
Questions have been swirling around why hedge-fund tycoon and Democrat mega-donor Tom Steyer didnt disclose his role in a controversial campaign to get state and local governments to file climate change lawsuits against energy companies. Steyers super PAC, NextGen Climate Action distanced itself from the strategy, telling Politico’s Morning Energy in September” “We’re definitely not pushing this thing.”
The theory is that energy companies including ExxonMobil, Shell and Chevron misled the public about climate change, just as tobacco companies lied about the effects of smoking, and should therefore be forced to pay costs for decades to come. For instance, they argue, energy companies should be responsible for $44 billion in water infrastructure improvements in Steyers home state of California.
There are many reasons to doubt the merits of such cases, but one thing should be clear: The prospect, no matter how fanciful, of such a colossal transfer of wealth from energy companies (and their shareholders) to the fiscally distressed state of California should be tantalizing to blue state Californians. One would think Steyer, who may be considering a run for statewide office, would proudly own his role.
(Excerpt) Read more at dailycaller.com ...
Ahhh yes, Tom Steyer, the “walnut sauce” guy of pizzagate fame.
This guy is a sleaze ball. On one hand he is pushing lawsuits against Fossil Energy Companies and on the other hand trying to push legislation or State Constitutional mandates calling for a certain % of Green energy generation.(Like the Commie tried in Michigan)
He can’t screw enough customers for his over priced money losing energy generation systems he thinks it needs to be required. Hey it worked for Health insurance. /S
Once you have lived in CA, it is clear that the majority of the work done in Sacramento is passing out free stuff and finding someone ELSE to pay for their growing list of expenditures.
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