Tom Steyer is founder and president of NextGen Climate, an organization that acts politically to avert climate disaster and preserve American prosperity. He recently responded to a New York Times article that detailed how he made his fortune as a hedge fund manager with portfolios in the fossil fuel industry. The article claimed his recent conversion to climate activist was hypocritical.
The article that ran, which detailed fossil-fuel investments that my former firm made when I was leading it, suggested that those investments were inconsistent with my current advocacy for more progressive energy policies. As I offered to say then, I will say now: I left the firm and committed myself to addressing global climate change because—based on the scientific evidence—I could not reconcile my personal values with managing a fund that by mandate is invested in all sectors of the global economy, including fossil fuels. Read full article: Tom Steyer: How Climate Change Changed Me