Steyer defends past investments in fossil fuels

Steyer defends past investments in fossil fuels

Billionaire activist and 2020 presidential candidate Tom SteyerTom SteyerSteyer endorses reparations bill, commits to working with Jackson Lee Progressive group launches M pro-Biden ad buy targeting young voters The Hill's Campaign Report: Jacksonville mandates face coverings as GOP convention approaches MORE on Sunday defended his past investments in fossil fuels and his recent entry into the Democratic race.

Steyer was asked on ABC's "This Week" about the investments his hedge fund had made in fossil fuels, though he has more recently spent millions of dollars to fight climate change.
 
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"In our business, we invested in every part of the economy, including fossil fuels," he said. "When I realized what a threat this was, I changed. I divested from all that stuff."
 
He added he "took a giving pledge" and asked "every American to do what I did."
 
Steyer also defended getting into the race after saying in January he wouldn't do so.
 
 
When ABC's Jonathan Karl pointed out support is for impeachment is still below 50 percent, Steyer said more public visibility would help the cause.

"Let the American people see the facts and let them judge. That hasn't happened. It is a failure of government," Steyer said.