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Big Oil funds campaign against billionaire climate-change activist

Published Tue, Aug 18, 2015 · 09:50 PM
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Los Angeles

OIL companies that bankrolled a US$9.7 million effort in 2014 to block laws against fracking in California now are focusing their sights on Tom Steyer, the billionaire hedge-fund founder turned climate-change activist.

The top individual political donor in the US last year, Mr Steyer has put millions of his US$2.7 billion personal fortune into the cause, hired Governor Jerry Brown's former top spokesman and challenged Chevron Corp chief executive John Watson to a public debate on petrol prices.

In its campaign against him, Californians for Energy Independence - whose contributors include Chevron, Occidental Petroleum Corp and Exxon Mobil Corp - has been probin…

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