Tom Steyer is on a Mission for Planet Earth

by Duane Nichols on March 25, 2017

The Billionaire on a Mission to Save the Planet

From an Article by Nick Stockton, Wired Magazine, March 23, 2017

Tom Steyer isn’t your average California tree hugger. The former hedge fund manage— number 1,121 on Forbes’ wealthiest people list, with $1.61 billion — was once best known for turning $15 million into $30 billion in about two decades.

But then he went hiking. Steyer and environmental activist and author Bill McKibben spent a day trudging through the Adirondacks. Not long after, Steyer parted ways with the leadership of his company and his oil and gas investments, began to fight the Keystone XL pipeline, and then reinvented himself as a one-man superfund for climate causes. His organization, NextGen Climate, has spent $170 million over the past four years advocating for policies and politicians that help the environment and advance renewable energy.

It’s an uphill battle. Steyer was the largest single donor on either side of the 2016 election—$86 million of his own money. Yet climate change skeptics rule the federal government and many statehouses. Somehow, though, Steyer isn’t acting like a loser. Since November he’s become an even more vocal representative of the nearly two-thirds of Americans who do think human-caused climate change is a real problem. He talked to WIRED about California’s role in science, his own po­litical ambitions (“governor” has a better ring to it than “former hedge fund manager,” right?), and whether Donald Trump could ever possibly, conceivably help save the planet.

WIRED: So Keystone XL has been revived, the Clean Power Plan is in peril, and the former CEO of Exxon is our secretary of state. How are you?

Steyer: I know there are five stages of grief, but my parents raised me to pull up my socks when times get tough. So I really never had the luxury of feeling bad, because right after the election I felt like we needed to figure this thing out.

What is NextGen going to do?

We have been cosponsoring marches with immigrants’ and women’s rights groups. We’ve been running ads against Trump’s nominees and policy positions. And we’ve been organizing resistance activities on the college campuses where we established ourselves during the campaign. We will continue to go on the offensive each time the administration attempts to derail global actions to stop climate change.

During the confirmation hearings for Rex Tillerson, Scott Pruitt, and others, you guys took out attack ads. What’s your goal?

Those guys disagree with us on almost every point. One of the things we strongly believe—and Tillerson was a perfect example—is that the people Trump nominated consistently put corporate interests ahead of American interests. We feel it’s important to get citizens to be reminded of this common thread: that the new administration doesn’t hate working against climate change, they don’t hate science—they just love oil and gas profits.

There’s a wide swath of rural Americans who are happy and hopeful for Trump. Are you reaching out to them?

After the election, the first thing I wanted to know was how our voter registration work on 370 campuses across the country affected turnout. We monitored 12 precincts where there were a lot of millennials and saw that voter turnout was up overall. And turns out, we did do well at rural schools. What we are still trying to figure out is whether that turnout voted Republican or Democrat. That is, if those new voters brought our messaging about politicians who supported climate action to the voting booth.

Given what you know about how policy moves markets, what will we give up when Trump pulls the US out of the Paris agreement?

I was in business for 30 years, and my experience is that the best way to operate is to work fairly and closely with partners over a long period of time. The most expensive way to do business is to do it deal by deal, each of which is highly contentious. If deal by deal is the model, where instead of partners or allies we have counterparts and competitors, that is very expensive, difficult, and dangerous. OK, so look at the Paris agreement: It’s going to force the developed world to change its energy sources. That means the US could be the leader in developing renewable technology for more than a billion people—a huge incoming market—who don’t have electricity at all.

The Paris agreement was a great achievement of American leadership. So the idea that we’re going to walk away and give up leadership of 194 countries, and walk away from our position as a leader in the world for the past 100 years, will be an incredibly expensive and dumb thing to do.

Are there any Republican climate leaders?

You know, we all act like it is an incredible triumph if a Republican shows the remotest respect for climate science. When Kelly Ayotte—who has a dismal 35 percent rating from the League of Conservation Voters—voted for the Clean Power Plan, a lot of people said, “Oh, she’s really an environmentalist.” But that’s ignoring her record and the reason why it’s so hard for her and other Republicans to stand up for the environment in this political climate, because they have to stand up to the fossil fuel industry. I think there are a lot of Republicans who know the truth and would like to do the right thing but don’t understand how.

Solar and wind energy costs have been coming down for decades. Why aren’t they replacing fossil fuels faster?

There are a lot of subsidies for oil and gas, things like tax breaks and access to markets. That’s partly because there’s a lot of volatility in the oil and gas markets. Fossil fuels are raw materials that have to be extracted and processed. Wind and solar energy are different. The only costs associated with them are technological. WIRED readers should be familiar with the idea that technology gets better and cheaper every year. That’s not true about fossil fuels. The techniques we use to withdraw them might get better every year, but the price has actually risen over time. If you take away subsidies from fossil fuels, wind and solar are actually cheaper.

You believe businesses can provide solutions to climate change but only with the right government policies. Is that era over?

Well, most of the energy regulation in the US comes from the state level, which lets states like California pursue more ambitious emissions regulations. It also lets states with lots of renewable energy coordinate to share it when needed, but federal regulations would help more.

The issue is going to be, to an extent, what the new administration will do to subsidize fossil fuels—how they can make dirtier fuel, which is more expensive, more attractive. Maybe that means leasing public lands at low prices. But the only thing they can really do to ensure long-term drilling is put in infrastructure, like pipelines.

Do you think there is any chance for Trump to not be awful for climate?

[Long pause.] I don’t think there’s any chance that Trump is going to step up and do the right thing out of the conviction that it’s the right thing to do. But, you know, you can’t really say what’s going to happen, because the world does tend to surprise us. If you didn’t learn that in 2016, then you weren’t paying attention.

In January, in an op-ed for The Sacramento Bee, you wrote about creating “the broadest coalition possible, one that embraces our shared values and delivers on the promise of a better future for all Americans.” You even echo Obama’s “Let’s get to work.”

Maybe he stole that from me!

Well, it reads like you are a guy getting ready to run for office.

[Slaps table.] Well, our mission statement is: “Act politically to prevent climate disaster and promote prosperity for every American.” So are we broadening our message? That’s always been our message. Whatever I do, and I honestly don’t know what it is, will be consistent with that effort.

Sent from my iPhone


FERC needs unbiased Commissioners

Pennsylvania Public Utility Commissioner Robert Powelson hopes to serve on the Federal Energy Regulatory Commission

From an Article by Marie Cusick, StateImpact Pennsylvania, March 21, 2017

One of Pennsylvania’s top utility regulators says people opposing pipeline projects are engaged in a “jihad” to keep natural gas from reaching new markets.

Pennsylvania Public Utility Commissioner Robert Powelson was speaking to gas industry representatives Tuesday at the Upstream PA conference in State College.

“The jihad has begun,” he told the audience. “At the Federal Energy Regulatory Commission groups actually show up at commissioners homes to make sure we don’t get this gas to market. How irresponsible is that?”

Powelson, a Republican, has served on the PUC since 2008. He’s reportedly being considered by the Trump administration for an appointment to the Federal Energy Regulatory Commission (FERC). The independent agency oversees the interstate transmission of electricity, natural gas and oil. It’s supposed to have five commissioners, but following a resignation last month, it only has two — not enough for the required quorum to make decisions.

Powelson told the industry representatives they have friends in the federal government who want to provide regulatory certainty to businesses. He said he met with President Donald Trump’s staff and would be honored serve as a FERC commissioner if asked.

“I think it would be an honor for Pennsylvania,” he said. “I certainly have the pedigree and resume to do the job.”

He went on to praise the CEO of Dominion– the company building a multi-billion dollar gas export terminal along the Chesapeake Bay in Lusby, Maryland. It’s expected to come online at the end of this year.

“It’s a great success story,” Powelson said.

He then sharply criticized Maryland Gov. Larry Hogan (R), who called for a ban on fracking last week.

“I find it a little shocking he would come out against fracking because when you look at the pipeline flows into Cove Point, it’s a play on Marcellus Shale gas,” said Powelson. “There are lots of uneducated people around this industry.”

Powelson cited the numerous benefits the shale gas boom has brought the country, including falling carbon dioxide emissions and lower consumer energy prices. He outlined his support for streamlining the pipeline permitting process, by making changes to the National Environmental Policy Act and removing obstacles to eminent domain.

“Over the next decade we have a very unique opportunity as an industry and as government leaders,” Powelson said. “And we’re gonna do it in a way that we’re not cutting corners on the environmental piece and pipeline safety.”

A growing number of environmental and citizen groups are opposing the expansion of fossil fuel infrastructure, citing climate change and other concerns. In recent years, protesters have repeatedly disrupted FERC’s public meetings. But the pipeline industry also faces pressure from some conservatives, who feel the use of eminent domain tramples private property rights.

Powelson sidestepped questions about the use eminent domain, saying only that he believes FERC should do a better job making sure people’s voices are heard.

“I think there are lot of areas for conversation around pipeline siting,” he said. “And I’m keeping an open mind to it.”

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Deadline March 19th for Comments on MVP Stream Certification

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Dominion Resources Understates ACP Pipeline’s Landslide Potential

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