How Biden Vacation Host Tom Steyer Benefits From President’s Climate Bill
- August 26, 2023
Alec Schemmel, Free Beacon
Billionaire climate activist Tom Steyer, who provided his Lake Tahoe mansion for a Biden family vacation this week, manages a green energy investment fund that’s working to “take advantage” of federal climate change spending provided through President Joe Biden’s so-called Inflation Reduction Act.
For Michael Chamberlain, director of ethics watchdog group Protect the Public’s Trust, Steyer’s status as Biden’s vacation host reflects the president’s open embrace of green energy insiders. In one case, Biden heaped praise on an electric bus company that counted his energy secretary, Jennifer Granholm, as a top investor. That company, Proterra, declared bankruptcy earlier this month—but only after Granholm sold her stake for a sizable profit
“Large tranches of so-called Green New Deal funds [are] going to former employees and clients of senior appointees,” Chamberlain said. “This is certainly not consistent with the most ethical and transparent administration we were promised.”