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Tom Steyer made a fortune as a hedge fund manager at Farallon Capital, in part from investments related to fossil fuels. But now that he’s sitting atop a pile estimated at $1.5 billion, he’s been aggressively seeking to prevent others from making a living from such energy sources. Mr. Steyer has funded a media campaign against approval of the Keystone XL pipeline and leads a political organization called NextGen Climate Action.
And although Mr. Steyer is now among the most visible environmental activists in the country, he still maintains a significant footprint upon the landscape. The New York Times reports on a recent meeting at his 1,800-acre California ranch, at which the former hedgie urged other enviro-donors to join with him to assemble $100 million to spend on the 2014 elections.