7 Times Billionaire Tom Steyer Failed Spectacularly with His Extreme Green Agenda
San Francisco billionaire and activist Tom Steyer – who made a ton of his money investing in fossil fuels – has spent hundreds of millions of dollars bankrolling the “Keep it in the Ground” movement. Unsurprisingly, his campaign has been a great big #FAIL.
Here’s a list of Steyer’s 7 biggest flops:
1. The 2014 Election: Steyer spent $75.4 million during the 2014 election on candidates who supported his extreme climate agenda. His political action committee, NextGen Climate Action, targeted seven states: Iowa, New Hampshire, Michigan, Colorado, Maine, Florida, and Pennsylvania. The candidates he backed only won three out of the seven races, and they likely would have won even had he not been setting his own money on fire.
2. The 2016 Election: Undeterred, Steyer was back two years later dropping a record $87.6 million on Democratic candidates and causes, making him the leading individual donor for that election year. To receive money from Steyer, candidates had to agree to support a 50 percent renewable energy mandate for 2030. He had no better luck this time around and, once again, only three out of the seven federal candidates he supported were elected. The Washington Times named Steyer the “biggest loser” of the 2016 elections.
3. Colorado State Legislature. In 2016, Steyer’s NextGen PAC gave $280,000 to Conservation Colorado, a local affiliate of the League of Conservation Voters (LCV), to try to put Big Green in control of the state legislature. Despite all the money from out-of-state environmental groups, they failed. He has also failed to get anti-fracking initiatives on the ballot.
4. Washington State Races and Carbon Initiative. In 2014, Steyer dropped $1 million in Washington State in an unsuccessful effort to help Democrats regain control of the State Senate, which would have helped Governor Jay Inslee push through radical climate change legislation. Two years later, he donated $80,000 to a failed ballot initiative for a carbon tax that was so poorly designed that even Steyer’s fellow environmentalists opposed it.
5. Nevada’s Ban Fracking Bill: In 2017, Assembly Bill 159, which would have prohibited hydraulic fracking failed to advance in Nevada. Steyer had donated $10,000 to the bill sponsor and gave a total of $70,000 during the 2016 cycle to Nevada candidates who backed his anti-fossil fuel position.
6. Ohio’s Anti-Fracking Initiatives. In 2016 Steyer brought his anti-fossil fuel parade to Ohio, were his NextGen political action committee spent heavily on candidates and campaigns supporting fracking bans. However, his out-of-state money failed to win over the voters of the Buckeye State, where 83 percent of anti-fracking initiatives have failed or been ruled invalid.
7. California Fracking Ban. Steyer is heavily active in his home state, spending millions of dollars on statewide races. While he has publicly called for a ban on fracking in California and for oil companies in California to pay an extraction tax, neither initiative has seen success.