Green billionaire Steyer endorses Clinton

Green billionaire Steyer endorses Clinton
© Greg Nash

Billionaire environmental donor Tom Steyer endorsed Hillary ClintonHillary Diane Rodham ClintonNevada Senate passes bill that would give Electoral College votes to winner of national popular vote 2020 Dems break political taboos by endorsing litmus tests Iowa Democrats brace for caucus turnout surge MORE for president Wednesday, citing her positions on clean energy and the middle class.

“Hillary Clinton is an experienced leader who will lead us to victory because she embodies the best values of our country,” Steyer said in a statement.

“She will put the needs of working families first. She will be fearless in her pursuit of solutions to the most urgent challenges we face. She will move us rapidly towards becoming ‘the clean energy superpower of the 21st century,’ with inclusive prosperity and a better future for all,” he said, quoting Clinton’s statements on renewable energy.

Steyer had previously hosted a fundraiser for Clinton and complimented her, but had held off on endorsing her. His endorsement came a day after Clinton, the now-presumptive Democratic presidential nominee, won California and three other state contests, cruising to a huge delegate lead over rival Bernie SandersBernie SandersIraq War looms over Trump battle with Iran 2020 Dems break political taboos by endorsing litmus tests Iowa Democrats brace for caucus turnout surge MORE

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Steyer, a former hedge fund manager who lives in the San Francisco area, has donated tens of millions of dollars of his own fortune since the 2014 election to Democratic candidates who want to take bold action on climate change, with mixed success.

He complimented Sanders for his work on climate change and economic inequality.

“His passion for justice sets an example for us all,” said Steyer.

Presumptive GOP presidential nominee Donald TrumpDonald John TrumpTrump rips Dems' demands, impeachment talk: 'Witch Hunt continues!' Nevada Senate passes bill that would give Electoral College votes to winner of national popular vote The Hill's Morning Report - Pelosi remains firm despite new impeachment push MORE, he said, “is utterly unfit to be our next president,” and his “racist rhetoric is directly offensive to our American values, and his dangerous actions would threaten our children’s future in every way.”

Steyer leads the NextGen Climate PAC, which could be primed to help Clinton. It is undertaking a $25 million effort to target millennials on college campuses, the largest college-focused election effort in history.

Steyer launched his 2016 efforts last year by challenging all of the presidential candidates to put forth climate plans that would result in 50 percent of the country’s electricity coming from emissions-free sources by 2030. Clinton, Sanders and former Maryland Gov. Martin O’Malley all complied.

Steyer, who is often compared to the conservative billionaire brothers Charles and David Koch for his fortune and his influence on elections, has promised a suite of other major efforts through NextGen as the campaign season continues.