Warnock Fundraises With Steyer After Voting for Legislation That Poured Billions Into Green Energy
Events come amid global surge in energy prices as Democrats vilify fossil fuels
Alana Goodman • September 30, 2022 4:30 pm
Sen. Raphael Warnock (D., Ga.) raked in cash from wealthy green energy moguls at a series of San Francisco fundraisers last weekend, a month after voting to pass legislation that steered billions to climate initiatives and the green energy industry.
During his West Coast fundraising swing, the senator partied with billionaire investor Tom Steyer, biofuels CEO Wade Randlett, and “Defund the Police” advocate Meena Harris, the niece of Vice President Kamala Harris, according to photos. Steyer cohosted an event for Warnock in San Francisco on Saturday, along with NextGen America board member Andrea Evans, according to an invitation for the fundraiser. Randlett cohosted an event for Warnock on Friday.
The parties came weeks after Warnock voted for the Biden administration’s budget reconciliation bill—officially dubbed the Inflation Reduction Act—and highlight the cozy relationship between Democratic political leaders and the lucrative green tech industry. The legislation poured billions into green energy initiatives and is expected to benefit industries in which Steyer is an investor, according to analysts. The fundraisers also come amid a global surge in energy prices, with many Americans struggling to pay utility bills, and as Democratic lawmakers continue to vilify the fossil fuel industry.
Steyer, a Democratic donor who ran a short-lived campaign for president in 2020, launched a “climate investment fund” called Galvanize in 2021 with a goal of investing “billions” into decarbonization companies. The fund’s reported investments include Regrow Ag, a startup that “aims to help accelerate the shift to climate-friendly farming” and Arable, which seeks to “create a more sustainable food supply.”
Both Regrow Ag and Arable were named as companies that are likely to benefit from a $20 billion earmark in the federal spending bill, according to an analysis published by the clean energy investment firm G2 Venture Partners on Aug. 17, the day after the bill was signed by President Joe Biden.
The bill “has earmarked $20B to (1) target methane and nitrous oxide emission reduction (e.g. Arable, Trace Genomics), (2)
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Auto Amazon Links: Could not resolve the given unit type, . Please be sure to update the auto-insert definition if you have deleted the unit.