Obama Donor Set To Profit From Keystone Demise

[Geee]

Investors Business Daily:

Energy Policy: A billionaire hedge fund manager and Barack Obama donor is pushing the president to stop the pipeline that would compete with one he's invested in. That pipeline could send Canadian oil to China.

Environmental activist Tom Steyer donated as much as he could to get Massachusetts Rep. Ed Markey elected to the Senate in the recent special election to fill the seat vacated by now-Secretary of State John Kerry. He wanted another senator who's opposed to completing the Keystone XL pipeline that he says would be an environmental plague on the planet.

A few days before President Obama said that Keystone XL would be built only if it could be shown to have no net effect on greenhouse gas emissions, Steyer, a major contributor to Obama's campaigns, urged the president to kill the project.

"We really cannot afford 40 to 50 years of development of a humongous oil reserve that's twice as bad — soup to nuts — as normal crude," Steyer told a gathering at the National Press Club, referring to Canada's extraction of crude from its oil sands in Alberta.

 

[Rheo]

Thanks, just shared it on FB.