President Obama’s declaration of dictatorial, Congress-be-damned war on “climate change” was particularly welcome to hedge-fund billionaire and megabucks Obama donor Tom Steyer. And why not? Steyer stands to make a bundle from his beloved President’s decision.
You see, President Obama seems intent on killing the Keystone XL pipeline. And what do you know? Steyer’s Farallon Capital just happens to have major holdings in a competing pipeline company called Kinder Morgan, whose TransMountain pipe is carrying tar sands oil from a different part of Canada to Asian customers. And they’re looking to expand this operation until it’s bigger than Keystone XL would be!
This bit of highly selective and convenient environmentalism has not gone unnoticed, as Fox News reports:
Louisiana Sen. David Vitter — a vocal proponent of Keystone — accuses Steyer of having financial interest in the death of a pipeline he opposes on environmental grounds.
“I think it’s hypocrisy, quite frankly,” Vitter told Fox News. “Who knows when he’s going to divest of these investments … maybe in a few months when his helping kill Keystone will boost them up to top value. … Who knows?”
Read More at Human Events . By John Hayward.
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