Sunday, January 28, 2018

Tom Steyer

The Koch Brothers are billionaires who make their money from the oil business and they are big donors to republicans. They are often in the news and most time not in a favorable light. Tom Steyer is a billionaire who often donates to democrats. Steyer like former presidential candidate Mitt Romney made his money as owner of a hedge fund called Farallon Capital. In 2012 he sold his business and retired as an environment activist. In October 2012, Steyer stepped down from his position at Farallon in order to focus on advocating for alternative energy.[14][15] Steyer decided to dispose of his carbon-polluting investments in 2012, although critics say he did not dispose of them fast enough, and noted that the lifespan of the facilities he funded would extend through 2030.[16] A 2015 New York Times article said coal-mining companies which Farallon invested in or lent money to under Steyer had increased their coal production by 70 million tons annually since receiving money from Farallon, and that Steyer was still invested in the Maules Creek coal mine.[ He also invested in enterprises that many liberals feel are suspect. In 2016, some critics noted that Farallon had also invested in private prisons while Steyer was leading the hedge fund.[17] According to SEC filings, Steyer was at the helm as the hedge fund purchased nearly $90 million of Corrections Corporation of America stock (5.5% of the company's outstanding shares His views of the world have changed since he retired as represented by his recent statement that he would no longer donate to democrats since the Schumer shutdown debacle.

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