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Tom Steyer's Glass House: The anti-Keystone billionaire throws stones at the Kochs Brothers
Wall Street Journal ^ | 04/25/2014 | KIMBERLEY A. STRASSEL

Posted on 04/25/2014 6:36:52 AM PDT by SeekAndFind

The psychiatric world defines "projection" as the act of denying unpleasant qualities in yourself, while attributing them to others. Consider liberal billionaire Tom Steyer's riff this week about the libertarian billionaire Koch brothers.

Mr. Steyer took exception in a C-SPAN interview to comparisons between his big-dollar funding of Democrats with the Koch brothers' big-dollar funding of Republicans. The Kochs' priorities "line up perfectly with their pocketbooks—and that's not true for us," said Mr. Steyer, who is fighting against the Keystone XL pipeline. Moreover, he insisted, his politicking is "completely open," whereas the Kochs have "not been huge embracers of transparency."

Why is Mr. Steyer so touchy about motives and transparency? The media tend to give liberal spending a pass, since they assume its motives and aims are pure. Mr. Steyer's problem—and he knows it—is that his own purity remains hugely suspect, even among his allies.

It's old news that the billionaire reaped his fortune at hedge fund Farallon Capital, via investments in "dirty" oil and coal projects. Mr. Steyer, who retired from the firm in late 2012, has since publicly repented for his prior investment ways. But what many greens remember is that he didn't do so until he was caught.

Mr. Steyer had spent months fighting Keystone, attending anti-coal rallies and urging colleges to divest from "fossil fuels," before the press noted that his money was still parked at Farallon, still profiting from Kinder Morgan pipelines and coal projects. It was only then, last July, that Mr. Steyer issued a press release saying he'd directed his money be moved to a fund that didn't invest in "tar sands" or "coal" and pledged this process would be complete by the end of 2013.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: keystone; kochbrothers; pipeline; tomsteyer

1 posted on 04/25/2014 6:36:52 AM PDT by SeekAndFind
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To: SeekAndFind

Put your money where your mouth is, Tom. Invest it all in solar and wind - and watch your stake evaporate, just like all those government green subsidies you think us peons should be coughing up for.


2 posted on 04/25/2014 6:48:31 AM PDT by ZirconEncrustedTweezers (I'm not anti-government, government's anti-me.)
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To: SeekAndFind

His take: “They’re evil, I’m not.”


3 posted on 04/25/2014 6:50:42 AM PDT by rktman (Ethnicity: Redneck. Race: Daytona 500)
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To: rktman

When you see Harry Reid attacking the Koch Brothers (which he does almost every time), always remember that the Senator is under Steyer’s payroll.


4 posted on 04/25/2014 6:52:38 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind

Weird, but apparently more than a few demokkkrats received moneys from the evil Koch brothers. Not as much as mr. styrene is ponying up maybe but nevertheless.


5 posted on 04/25/2014 6:55:03 AM PDT by rktman (Ethnicity: Redneck. Race: Daytona 500)
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To: rktman

It always cracks me up when people who claim there is no right or wrong describe those who don’t share their beliefs as “evil.”


6 posted on 04/25/2014 7:34:33 AM PDT by ZirconEncrustedTweezers (I'm not anti-government, government's anti-me.)
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To: SeekAndFind

Steyer must have stock in oil tanker rail cars?.


7 posted on 04/25/2014 9:28:06 AM PDT by Vaduz
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To: SeekAndFind

Scumbag Steyer bump for later..


8 posted on 04/25/2014 6:50:06 PM PDT by indthkr
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