Tom Steyer's Transition from Fossil Fuels to Climate Solutions

Tom Steyer, a former hedge fund manager and environmental activist, discusses his journey from making money with fossil fuel assets to becoming a climate advocate. In 2006, Steyer had a revelation about the urgency of climate change after witnessing its effects firsthand. He divested from fossil fuel assets and started investing in clean energy and innovative solutions. Steyer's investment firm, Galvanized Climate Solutions, focuses on funding startups that can scale up to address global climate challenges. They invest in companies like Regrow, which provides information to consumer packaged goods companies to evaluate and reduce the emissions in their supply chains. They also invest in businesses that aim to reduce emissions in hard-to-abate sectors like concrete and cement production. Overall, Steyer believes that by providing better, cheaper, and faster clean alternatives, we can transition away from fossil fuels and solve the climate crisis.