Billionaire San Francisco climate activist Tom Steyer's NextGen Climate Action PAC will back vulnerable lawmakers who oppose the Keystone XL oil sands pipeline, he said in a Thursday letter."By virtue of this letter, NextGen Climate is taking a Courage Pledge to support members of Congress who are now being threatened with political attacks because they had the courage to stand up for our children by opposing the Keystone XL pipeline," Steyer, a former hedge fund manager, wrote in the letter, which was first obtained by Politico.
The letter doesn't say exactly how Steyer plans to support such lawmakers, though he hasn't been shy about his intention to amass a sizable war chest to play in the midterm elections and beyond.
Steyer plans to contribute $50 million of his own money to his PAC and is courting big donors to match that amount. He was a significant spender in the Virginia gubernatorial election last fall, as his PAC spent about $8 million to help elect Democratic Gov. Terry McAuliffe.
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