Green Hedge Fund Banker is Definitely a Vested Interest against California Prop 23

As the left rallies against one prop in California that could save jobs, Prop 23, they demonize support for 23 by saying that “Texas Big Oil Billionaires” stand to profit from its implementation.


Thomas Steyer (center) with Gavin Newsom (L)

Seems they have no problem with their own billionaires gaming the system for personal financial gain;

by Ann McElhinney

We hear a lot about “vested interests” in America these days.

Here in California – it is the cry of Global Warming alarmists who are opposed to proposition 23 that is to be voted on in the November election.

Prop 23 will suspend a “Global Warming solutions” act that will push up energy prices and drive even more jobs out of the state during one the biggest recessions in living memory.

Understandably there is a lot of opposition to the Global Warming Act and Prop 23 is proving surprisingly popular in a state that practically invented the Green movement. Two Texan oil companies are supporting the campaign which has allowed the environmental movement to keep shouting about “vested interests” who are behind the campaign.

But as usual for environmentalists they are being selective in their concern. Just as they want the rest of us to stop flying but they seem [to] have no problem with the Green aristocrats such as Al Gore and James Cameron flying around the world.

And so it is with Prop 23. The other side has vested interests. The environmentalists have angels on their side. At least that is the narrative being pushed and pretty much accepted by the media.

Of course it is nonsense but it is green nonsense so it goes pretty much unchallenged.

Thomas Steyer owns Farallon Capital Management, a $33bln hedge fund. He’s also donated $2.5m to blocking Prop 23 and has pledged a further $2.5m if needed.

There has been almost no investigation of why this citizen would give so much money and of course no suggestion that these donations would make Thomas Steyer a “vested interest”.

But bury deep into Farallon’s website and you will see Steyer admits his hedge fund  invests in areas which will become profitable “due to a catalyzing event or a change in circumstances, including regulatory or legislative change.”

Read more-

So “The Evil Rich™” only qualify as such when they are not in the Protected Class of leftists, it seems (others include Hollywood celebs, mysteriously wealthy union types, etc).

Even liberal “Republicans” are getting into the act of demonizing opponents of Prop 23 in an appearance with Keith Olberman [WARNING] Link takes you to a video of Olberman-not responsible for monitor damage if you throw something at your screen.

If you want to help stop the job loss, help get Prop 23 passed, the left is now winning this one.

Crossposted to RedState

About Erick Brockway

Living in Camarillo, CA, about 45 miles North of LA. I have a son, and two daughters. Working two jobs (welcome to California life), plus a (now retired) reservist in the US Navy Seabees so life is busy!
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