By Kenneth Artz -
Billionaire anti-fossil fuel activist Tom Steyer amassed his fortune through investing in coal mines and oil pipelines, investment records reveal. As co-managing partner in Farallon Capital Management, Steyer supervised billions of dollars in investments in fossil fuel producers from Australia to Indonesia to Canada.
In Indonesia and Australia, Farallon funded projects that were instrumental in Asia’s recent coal boom. In Indonesia, for example, Farallon invested heavily in three large coal companies, helping Indonesia quadruple its coal production between 2002 and 2012 and become the world’s leading coal exporter. In Australia, Farallon invested in a company developing one of the nation’s largest untapped coal deposits.
In Canada, Farallon invested in companies building pipelines to deliver oil from Alberta’s oil sands to the West Coast and possible export. ...More HERE