Tom Steyer, the billionaire climate-change activist, wants to push the U.S, into a 50/50 split of “clean energy with fossil fuel energy by 2030 and 100% by 2050. To accomplish his objective he promises to give money to any politician that promises to act on Steyer’s behalf.
This is not his first dip into the pool of buying politicians. He spent $73 million trying to get Democrat candidates elected in last year’s mid-term election. His investment was almost a total loss. He was the biggest funder that year. The following data comes from a table used in the Sunlight Foundation’s posting “The Political One Percent of the One Percent: Megadonors fuel rising cost of elections in 2014”. Copying a saying that Glen Beck used to use, WARNING, warmers should wrap their heads with duct tape before they look at the list.
|7||Ricketts, John Joe||$6,168,273|
Charles Koch (I probably need to say THE EVIL CHARLES KOCH or they will not recognize the name) came in 9th, way below Steyer who dominated everyone with $73million. He was not even followed closely by No. 2, Michael Bloomberg, also a contributor to Democrats.
The concept of clean energy reaching half share or complete dominance is delusional in that time frame.
In the realm of vastly wealthy men, Bill Gates tops them all. From a June 25, 2015, posting by the Washington Times “Multibillionaire Bill Gates rejects calls to divest from fossil fuels” here is what Gates has to say about this:
“I don’t see a direct path between divesting and solving climate change,” Mr. Gates said, as reported in the Financial Times. “I think it’s wonderful that students care and now the Pope cares. But that energy of caring, I think you need to direct it towards something that solves the problem.”
But Mr. Gates told the Financial Times that the focus should be on increasing research and development in renewables, saying that the current technology could only reduce carbon dioxide emissions at a “beyond astronomical” cost.
“There’s no battery technology that’s even close to allowing us to take all of our energy from renewables and be able to use battery storage in order to deal not only with the 24-hour cycle but also with long periods of time where it’s cloudy and you don’t have sun or you don’t have wind,” Mr. Gates said.
“Power is about reliability. We need to get something that works reliably,” he said.
Gates is a man who has made his fortune dealing with electronics and science.
Steyer’s backgound is as a coal hedge funds manager. Is he is trying to atone for his “sin” of making billions from coal?
Bill Gates is right ,a reliable supply is the single most important aspect of a electrical system because when a large contract is sign by a business there will be late delivery penalties or worse cancellation of order which can lead to big loses and job loses or worse bankruptcy. The other problem with renewables is cost try family power bills of 5,6,7,8 hundred dollars a month. The rich might not care but try paying that on a working or even a middle class income and if you think this is scare mongering this is not unusual in New Zealand where we pay about 28 to 30 cents a Kw