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Tuesday, April 29, 2014

The Epic Hypocrisy of Tom Steyer

http://www.powerlineblog.com/archives/2014/04/the-epic-hypocrisy-of-tom-steyer.php

Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate rent-seeker who depends on government connections to produce subsidies and mandates that make his “green” energy investments profitable.

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