Wednesday, February 19, 2014

Climate billionaire aims to set stage for 2016 - To spend $100 million on 2014 elections

California billionaire Tom Steyer turned heads in Washington with the news that he plans to spend $100 million to help make climate change a defining issue in this year’s elections. But it gets even bigger: The hedge fund executive turned green activist might be willing to lay out even more than that eye-popping number, and he’s looking to spend it in places that are also important for 2016. Steyer’s strategy calls for targeting races including Senate or gubernatorial contests in Iowa, New Hampshire, Florida and possibly Pennsylvania — all key battlegrounds in presidential politics, sources familiar with the plan told POLITICO on Tuesday. The fleshed-out details paint a picture of a big-pocketed donor who is going beyond his early efforts to help individual Democrats, such as Massachusetts Sen. Ed Markey and Virginia Gov. Terry McAuliffe, as well as address specific issues like the Keystone XL pipeline — and instead wants to give his signature climate cause a starring role in the next presidential race. Steyer’s operation “is going to be very aggressive” and will set itself apart from the efforts of mainstream environmental groups, said Betsy Taylor, a Takoma Park, Md.-based leader of a network of wealthy climate donors who attended a recent discussion of the strategy at the billionaire’s California ranch. “They’re fearless. They don’t worry about access to Democratic Party leadership.”...more

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