A BILLIONAIRE WARM MONGER-JAMES FREEMAN

Posted By on February 19th, 2014

http://online.wsj.com/news/articles/SB10001424052702303491404579390523100612640?mod=WSJ_Opinion_LEFTSecond

A billionaire environmentalist threatens to target a Senate Democrat with negative ads.

GLOBAL-WARMING ACTIVISM HEATS UP
Tom Steyer made a fortune as a hedge fund manager at Farallon Capital, in part from investments related to fossil fuels. But now that he’s sitting atop a pile estimated at $1.5 billion, he’s been aggressively seeking to prevent others from making a living from such energy sources. Mr. Steyer has funded a media campaign against approval of the Keystone XL pipeline and leads a political organization called NextGen Climate Action.
And although Mr. Steyer is now among the most visible environmental activists in the country, he still maintains a significant footprint upon the landscape. The New York Times reports on a recent meeting at his 1,800-acre California ranch, at which the former hedgie urged other enviro-donors to join with him to assemble $100 million to spend on the 2014 elections.

Interestingly, the group is considering political attacks on not just Republicans, but even Louisiana’s Sen. Mary Landrieu, a Democrat facing a tough re-election campaign. It’s true that she has posed as a friend of the oil and gas industry in her state. But we wonder how aggressively Mr. Steyer and his pals will attack Ms. Landrieu with control of the Senate hanging in the balance.

Mr. Steyer also aspires to have an impact beyond this fall’s elections, and specifically to broaden support for his cause. The Times notes: “In their advertising and research, Mr. Steyer and his aides have sought to craft appeals that would reach beyond affluent white liberals on the coasts.” Good luck with that.
Meanwhile, whatever happens in this fall’s elections, President Obama has embarked on a new plan to administratively slow U.S. development of shale gas while simultaneously creating new subsidies for green energy. Yale Law professor Donald Elliott explains.
And speaking of President Obama, in California he introduced global warming as an explanation for government policies that are routing water away from farmers and toward a fish called the delta smelt.

TWEET OF THE DAY
From scientist J. Craig Venter: “13 years ago my team published the first human genome… A new beginning for medicine will soon be announced.”

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