Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public mitt romney investment portfolio. But Steyer’s hypocrisy goes still deeper.
Today, he is a bitter opponent of fossil fuels, especially coal. That fits with his current economic interests: banning coal-fired power plants will boost the value of his solar projects. But it was not always thus. In fact, Steyer owes his fortune in large part to the fact that he has been one of the world’s largest financers of coal projects.