California Billionaire Promises To Help Victims Of Global Warming

June 6, 2014 9:07 PM

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FRESNO, Calif. (AP) — An environmentalist billionaire who has pledged to spend tens of millions of dollars targeting Republicans who reject climate change announced Friday that he is now creating a fund to help victims of extreme weather disasters, starting with wildfires in the American West.

Tom Steyer and his wife, Kat Taylor, launched the Climate Disaster Relief Fund with profits from withdrawing all of the couple’s investments in Kinder Morgan, one of the largest energy companies in North America. Steyer’s NextGen Climate confirmed that the couple made an initial contribution of $2 m...

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