Shortly after filing my blog yesterday, the New York Times’ David Firestone added another wrinkle. It seems liberal billionaires also contribute millions of dollars to voice their strongly held beliefs regarding climate change:
Those who are worried about man-made climate change might be tempted to welcome the news that Tom Steyer, a Democratic billionaire, will spend $100 million this year to fight it. Mr. Steyer plans to put up half the money himself for attack ads against governors and lawmakers who ignore climate change, and will raise the rest from like-minded rich people.
Yet, the religious shareholders filing proxy resolutions from the Interfaith Center on Corporate Responsibility and Tri-State Coalition on Responsible Investment persist in their handwringing over campaign and lobbying monies contributed by libertarian and business-friendly individuals and institutions. Since the U.S. Supreme Court Citizens United ruling, however, money from the left is just as – if not more – pervasive, according to Alan Suderberg and Ben Weider of the Center for Public Integrity.
Since the Supreme Court loosened rules on political spending in 2010, the Republican Party, boosted by corporate and billionaire backers, has been painted as the biggest beneficiary. But in New Hampshire and a handful of other states in 2012, Democrats flipped the script.
In New Hampshire, groups backing Democrats reported spending nearly $1 million more than their Republican counterparts.
Nonprofits, super PACs, and other non-candidate groups reported spending at least $209 million to influence elections in 38 states, according to a Center for Public Integrity analysis of data from the National Institute on Money in State Politics (NIMSP) and state elections offices.
Pro-Democratic groups, many associated with unions, outspent their Republican counterparts by more than $8 million, according to the Center’s analysis. (more…)