Steyer achieved his extreme wealth as a hedge fund manager, an uber capitalist whose profitable investments have included oil, gas and coal.
In 2012, he separated from the management of his company – he still owns shares – and committed to a “green” agenda. He became the leading sponsor and financial backer of Proposition 39 on the 2012 ballot, which was sold as pro-environmental reform measure virtually guaranteeing its passage by Californians understandably concerned about the environment. Proposition 39 increased taxes on businesses — those evil companies that provide so many Americans their jobs — and directed the money be put into something called The Clean Jobs Energy Fund. Steyer promised it would bring in $550 million and create 11,000 jobs per year. But a recent investigation by the Associated Press reveals that it has raised less than 60 percent of that amount over three years, and has created only 1,700 jobs mostly for consultants and auditors.
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