Is a Liberal Billionaire Behind Keystone Pipeline Delay?
On Good Friday, President Obama delayed the decision (again) on whether to approve construction of the Keystone XL oil pipeline from Canada through the United States.
The official reason for the delay was a pending lawsuit in Nebraska that might affect the path of the pipeline. But the real reason behind the delay appears to point to a major Democratic donor with ties to “green” energy.
Tom Steyer is a billionaire hedge fund manager and major supporter of liberal candidates and causes; the most notable one being “climate change.”
Last February he met with a group of two dozen of the leading liberal donors with plans to build a $100 million war chest that will support Democratic candidates and climate-change ballot measures across the country.
In last year’s Democratic primary for US Senate in Massachusetts between Ed Markey and Stephen Lynch, Steyer spent over $400,000 on aggressive and outrageous attack ads just because Lynch was in favor of the Keystone pipeline. In the past few years, the billionaire has spent tens of millions of dollars on climate-change ballot measures in California alone.
The billionaire’s recent history and current plans for campaign spending point to Steyer as the reason why the Obama Administration “punted” and delayed the Keystone decision once again.
This decision could benefit Congressional Democrats in red states in the upcoming mid-term elections. If they can oppose President Obama on this issue, they can score political points and deflect attention away from ObamaCare.
Granted, it’s not the strongest issue or argument, but Democrats as a whole are vulnerable and are grasping at straws for any kind of political advantage they can get.
The official reason for the delay was a pending lawsuit in Nebraska that might affect the path of the pipeline. But the real reason behind the delay appears to point to a major Democratic donor with ties to “green” energy.
Tom Steyer is a billionaire hedge fund manager and major supporter of liberal candidates and causes; the most notable one being “climate change.”
Last February he met with a group of two dozen of the leading liberal donors with plans to build a $100 million war chest that will support Democratic candidates and climate-change ballot measures across the country.
In last year’s Democratic primary for US Senate in Massachusetts between Ed Markey and Stephen Lynch, Steyer spent over $400,000 on aggressive and outrageous attack ads just because Lynch was in favor of the Keystone pipeline. In the past few years, the billionaire has spent tens of millions of dollars on climate-change ballot measures in California alone.
The billionaire’s recent history and current plans for campaign spending point to Steyer as the reason why the Obama Administration “punted” and delayed the Keystone decision once again.
This decision could benefit Congressional Democrats in red states in the upcoming mid-term elections. If they can oppose President Obama on this issue, they can score political points and deflect attention away from ObamaCare.
Granted, it’s not the strongest issue or argument, but Democrats as a whole are vulnerable and are grasping at straws for any kind of political advantage they can get.
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