Tom Steyer Quotes


Only when the oil and gas industry has taken full account of, and responsibility for, the impacts of exploring for and extracting fossil fuels can we engage in a serious and worthy evaluation of whether fracking can indeed provide a bridge to a sustainable energy future.


Citations

Steyer, Tom. Statement on Fracking. NextGen America, 2015.

Related Quotes

His assertion that wind energy is less expensive than the fossil fuel alternative is not accurate if one accounts for the costs on the basis of conventional accounting methods. It was at that time more expensive which is why it’s use was limited. However, the existing methods of accounting did not charge the fossil fuels for the environmental degregation that they cause and the cost to society to overcome these or live with them. More important there is no charge to the cost of fossil fuels for the deleterious health effects that their extraction and use cause. Global warming / climate change is not considered at all in the economic analysis.


Tom Steyer
Tom Steyer
  • Born: June 27, 1957
  • Nationality: American
  • Profession: Enviornmentalist & Investment Banker

Thomas Fahr Steyer is an American businessman, hedge fund manager, philanthropist, environmentalist, and liberal activist. Steyer is the founder and former co-senior-managing-partner of Farallon Capital and the co-founder of OneCalifornia Bank, which became (through merger) Beneficial State Bank, an Oakland-based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations. Steyer served on the board of trustees at Stanford University from 2007 to 2017. Since 1986, he has been a partner and member of the executive committee at Hellman & Friedman, a San Francisco–based private equity firm.