A trio of powerful billionaires is preparing to launch a big bipartisan climate initiative next month, Ryan Lizza reports in The New Yorker. The players: Michael Bloomberg, outgoing mayor of New York City; Tom Steyer, a former hedge-fund manager who's now devoting himself fulltime to the climate cause; and Hank Paulson, former CEO of Goldman Sachs and former treasury secretary under George W. Bush.
Not enough influential rich guys for you? OK, here are two more: Robert Rubin, another former treasury secretary and Goldman Sachs alum, will serve as an adviser to the new initiative, as will George Shultz, former secretary of state under Ronald Reagan.
No details yet on what the presumably well-funded climate initiative will aim to achieve.
Steyer is also moving forward with climate projects of his own, including a new anti-Keystone ad campaign that launched on Sunday. The first ad features Steyer standing on a ship along the Gulf Coast, making the point that much of the oil piped through Keystone XL would be exported. "Here's the truth: Keystone oil will travel through America, not to America," he says. Watch the ad: