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article imageTom Steyer to set up fund to help victims of climate disasters

By Ryan Hite     Jun 6, 2014 in Environment
San Francisco - Tom Steyer, an authority on climate change and a billionaire, announced that he would be setting up a fund to help victims of disasters brought about from "climate change"
Billionaire Tom Steyer, the leading financial expert on campaigns to combat climate change, says he is putting in $2 million to start a fund for victims of "extreme weather events."
Steyer and his wife are announcing the establishment of the Climate Disaster Relief Fund today. They said the fund will provide grants to organizations servicing victims of "climate-related disasters" in the United States, starting with wildfires in the Western United States.
While the causes of wildfires vary, Steyer said it's becoming worse because of higher temperatures and also the drought and infestations that stem from that. It is said that climate change will increase wildfires up to 75% in the next century.
"Climate change is the defining issue of our generation, and we can no longer afford to wait to address this very real threat," Steyer said.
He said he was also keeping a promise he made in that last year to donate to victims from all the profits that he made from a venture that he is a part of that deals in oil and gas.
Steyer, who made his fortune through hedge funds, recently pledged up to $100 million in political campaigns this year against many Republican candidates for governors offices and U.S. Senate offices who deny that climate change is occurring or opposing reductions in carbon emissions.
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