Remember this guy – the AB-32 green jobs guy

Russ Steele

One of the major contributors to the campaign to defeat Prop 23 was hedge fund billionaire Tom Steyer. Steyer recently published an op-ed in the Sacramento Bee urging the extension of billions of dollars in utility taxes to fund green energy programs. Steyer claims these taxes will create thousands of new “green jobs.”

The tax in question is officially known as the “public goods charge,” and was implemented 15 years ago as a supposedly temporary measure to fund subsidies for green energy programs. Today, because of this tax and many other costly green energy mandates and red tape, California’s electricity costs are 50% higher than the national average.

The politically connected Steyer and his hedge fund buddies are now pouring millions of dollars into lobbying efforts aimed at protecting green energy subsidies. What they don’t like to say directly is that they have billions invested in green energy ventures that are only profitable to them if they can get politicians to give them massive handouts of taxpayer dollars.” 

This is why Tom Steyer invested millions to defeat Prop 23 — he was protecting his government subsidies.  It was in his hedge funds best interest, and we the tax payers are the dups who are keeping Steyer and his hedge fund buddies in silk sheets, $400 dollar wine and a new Mercedes every year. It is time to pull the plug! Green jobs are myth.  The only reality is the subsides that we tax payers pay.

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

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