Fresno • An environmentalist billionaire who has pledged to spend tens of millions of dollars targeting Republicans who reject climate change announced Friday he is now creating a fund to help victims of extreme weather disasters, starting with wildfires in the American West.
Tom Steyer and his wife, Kat Taylor, launched the Climate Disaster Relief Fund that will draw on the couple's personal profits from investments in Kinder Morgan, one of the largest energy companies in North America.
Climate change leads to warming temperatures, drought and insect outbreaks, which exacerbate costly wildfires, Steyer said in a statement.
"Climate change is the defining issue of our generation," he said. "We can no longer afford to wait to address this very real threat."