Newly retired, Tom Steyer is quickly increasing his
The founder of Farallon Capital Management and long-time
environmentalist hosted President Barack Obama at a fundraiser
for the Democratic Congressional Campaign Committee at his home
in San Francisco last night, where 100 guests paid between
$5,000 and $32,400 to attend, according to
The New York Times.
"We've got more work to do in terms of dealing with climate
change and making sure that we've got an economy that is
energy-efficient, that is productive, that is cutting-edge, and
thinks about not just the energy sources of the past, but also
the energy promise of the future," Obama said at the event,
according to a transcript
released by the White House.
Despite the environmentally friendly comments, Obama is
reportedly leaning toward approving construction of the
Keystone XL oil pipeline. That would put him at odds with
Steyer, who has been an
outspoken critic of the plan for environmental reasons.
Obama did not mention Keystone in his remarks, but called
climate change politics "tough."
Steyer retired from $18.6 billion Farallon in 2012,
completing a long-term succession plan that placed deputy
Andrew Spokes in charge. He has been a
major fundraiser for Obama and recently advocated for
Washington to reduce the national debt and
increased use of clean energy.