- The Washington Times - Tuesday, February 18, 2014

A billionaire who spent $11 million to help put Terry McAuliffe in the governor’s mansion in Virginia plans to spend up to $100 million during this year’s election cycle to press for climate change measures, a new report said.

The New York Times saidTom Steyer, a retired billionaire and founder of a successful hedge fund, wants to make his organization, NextGen Climate Action, “similar in scale to the conservative political network overseen by Charles and David Koch.”

Mr. Steyer hopes to raise $50 million from other deep-pocketed donors and put up $50 million of his own.


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The Times reported that Mr. Steyer is targeting the governor’s race in Florida, where incumbent Gov. Rick Scott has cast doubt on whether climate change is man-made, and the Senate race in Iowa, where his group hopes that Rep. Bruce Braley, the Democratic candidate, will shape the issue ahead of the 2016 presidential primaries.