He may be Big Oil’s worst nightmare: a hedge fund billionaire turned eco-activist who’s on a mission to stop the Keystone XL pipeline. Tom Steyer made serious money in oil and gas but now he’s using it to push President Obama to reject the controversial tar sands pipeline project.
I'm Tom -- thank you very much for coming today. I -- say at the outset that I. -- enormous respect for President Obama. That's why am confident you turned down. Keystone Pipeline. Do you think it's dire as the liberal version of the Coke Brothers. The libertarian duo spent lots of money setting up conservative organizations that question the validity of climate change advocates for looser regulations with the oil and gas industry. -- has taken the other side of this argument is putting up lots of money behind the effort as well. Airline company that's -- resigned from. Continues to make investments in the energy sector. Notably it investment. Kinder Morgan pipeline operator that competes directly with TransCanada the company that's pushing for approval of the Keystone Pipeline. Sag continues to invest and talent but -- says there isn't a conflict of interests because he has his money separately. Invested in the funds that weighs in our environmental impacts of their investment. Hello delegates. Good businessmen. A professional investor. And a proud Democrat. Allowing the Keystone Pipeline. To be dealt. Requires finding. That doing so would be in our nation's interest. And our national interest will be served. Only if this project does not significantly exacerbate the problem but carbon pollution. What is the trade. Mean I was investor for a long time you get something and you give them. I know we're giving up no -- what we're getting.