Letter to the Editor

Smart investments

San Luis ObispoJune 11, 2014 

Thank you for the report, “Billionaire seeks to help climate change victims.” In a super-sized act of turning investment on its head, Tom Steyer and his wife have set up a fund to assist the victims of climate change by using the proceeds from divestment of the very energy fund which contributed to causing the conditions under which people have been victimized.

The Steyers’ new fund will initially help Californians who have suffered because of wildfires, and their divestment reminds us that each of us has the power to impact the conversion from a polluting energy economy to one that does not create and exacerbate global warming. Old energy technology is on its way out, to be shown the door even more quickly by new EPA regulations on coal-fired power plants, as well as strong job gains in the green-energy sector.

All of us vote with our pocketbooks. My money is on smart investments in clean energy and away from CO2-emitting energy companies. Between switching to green technology and passing carbon fees and dividend legislation, we can look to a day when the Steyers can use their money for things other than helping the victims of climate change.

The Tribune is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service