A billionaire climate activist is putting big bucks into a campaign to defeat Pennsylvania Governor Tom Corbett, The Allegheny Front reports today.
Tom Steyer made his fortune managing a hedge fund he created, Farallon Capital Management. Now the political action committee he created, Next Gen Climate, is trying to elect candidates who will act to slow down climate change.
That’s put Tom Corbett in Steyer’s cross hairs. Next Gen Climate spent at least $480,000 airing an ad in July attacking Corbett, according to FCC records made available through the Sunlight Foundation.
Steyer's pledged $50 million of his own money and said he'd try to raise another $50 million for the campaign, but he's had a hard time raising that cash.
“We're trying to participate in places where there is a big differential on something that we think is the generational challenge of our times,” he told NPR in February.
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Next Gen Climate says it zeroed in on Pennsylvania because of Corbett’s past comments that climate change was still “a subject of debate.”
The Republican Corbett faces a stiff challenge from Democrat Tom Wolf in November’s election.
The ad Next Gen aired (seen below) slams Corbett’s ties to the gas industry, and insinuates that giving tax breaks to oil and gas companies was a higher priority to his administration than education
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