New York (HedgeCo.Net) – Just in time for the mid-term elections, billionaire philanthropist and retired hedge fund founder Tom Steyer has donated an extra $15 million of his own money in to his super-pac, NextGen Climate Action Fund.
Steyer, an activist and former hedge fund manager has already given nearly $56 million to make climate change a top-tier issue in the midterm elections, the Guardian reports.
In a speech at the Democratic National Convention last year, Steyer said; “During the last several years we’ve seen tremendous progress on new technologies that can make us energy independent and create thousands of jobs. This is about investing for the long haul, not for a quick and dirty buck. This is about control of our destiny by doing what Americans do best – by out-innovating, out-hustling and out-thinking our competitors.”
A new Showtime series “Years of Living Dangerously” was directed by James Cameron. Each episode features celebrity correspondents such as Matt Damon, Harrison Ford, Jessica Alba and Leslie Stahl.
Three other hedge fund managers, Chris Hohn of The Children’s Investment Fund, Jeremy Grantham the founder of GMO, and Steve Mandel of Lone Pine Capital are also joining the ranks of activist hedge fund managers fighting against global climate change.
Where the Republicans have support from the Koch brothers and other oil industry moguls, others who have made their fortune in technology and alternative energy see a Democratic administration as a better alternative.
Stayer also funded an anti Keystone advertisement “Sucker Punch.”
The first episode of “Years Of Living Dangerously” can be seen in full here.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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