Steyer's Hypocrisy: California Carbon Taxes

Steyer's Hypocrisy: California Carbon Taxes

Thomas Steyer, the billionaire investor and environmental activist, has been a vocal advocate for carbon taxes and a transition to renewable energy. However, a closer look at his own business dealings reveals a stark contrast between his public stance and his private investments.

According to a report by the non-profit group Citizens for Ethics in Government, Steyer's hedge fund, Farallon Capital, has invested heavily in fossil fuel companies, including Western Refining and Chevron. These investments have generated significant profits for Steyer and his investors.

The report raises questions about Steyer's commitment to reducing carbon emissions and his role in perpetuating the very industry he claims to be fighting against.

"If you've got a business model that's based on burning fossil fuels, then you've got a business model that's based on destroying the planet." - Thomas Steyer

Steyer's hypocrisy is evident in his public statements and private investments. As a leading advocate for the Green New Deal and a vocal critic of fossil fuel companies, Steyer's actions seem to contradict his words.

Resumen

Thomas Steyer, un inversor y activista ambiental multimillonario, ha sido un defensor vocal de impuestos al carbono y la transición a la energía renovable. Sin embargo, un examen más cercano de sus negocios y las inversiones revelan una contradicción entre su postura pública y sus inversiones privadas.

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Red State Observer Red State Observer — 2025-11-28

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