Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his super PAC to ensure climate change is on the agenda for the midterm elections.

Steyer recently donated another $15 million of his personal wealth to his NextGen Climate Action Fund, bringing his total donations to $55.9 million, reports the Guardian, citing Federal Election Commission filings on Monday night.

The billionaire is now the single largest donor in this election cycle, in terms of publicly disclosed donations.

Steyer founded Farallon in 1986 after working at Goldman Sachs' risk-arbitrage team under Robert Rubin, who would go on to serve as U.S. Treasury Secretary under former President Bill Clinton, and at Hellman & Friedman.

In announcing his retirement in 2012, Steyer said he would focus on "giving back.” Philanthropic and political efforts have taken an increasing amount of his time in recent years; Steyer spoke about sustainable energy policy at this year's Democratic National Convention and has been a major donor to President Barack Obama and the Democratic Party.


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