>> when we return, tom steyer's paradise.ning this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? ♪ is >> the northern california coast is is one of the most picturesque places in the united states, so it is no wonder this is where billionaire tom steyer spends his time. and a few miles inland from the pacific is the 1,800 acre ranch steyer and his wife kathryn taylor bought in 2002. only an hour outside of san francisco, it's a world away. buying this ranch, was it your idea or your wife's idea? >> i think you can only blame my wife for that one. originally we bought it because the land had been so misused, and you could dump stuff here if no you paid them a fee. there had been a d.e.a. raid. they had people -- >> why? >> i think they were growing dope. >> oh. running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? >> i'll tell you how it's the same and how it's incredibly different. it's the same in the sense that you think this looks like an in

extract than traditional oil. >> this is a gigantic mining operation in the middle of nowhere. >> tom steyer claims money didn't motivate him, but he was incredibly good at making it. the investment firm he founded, farallon capital management, has a market value of almost $4 billion, and that has made steyer a very wealthy man. if you didn't really like using money as a benchmark for your success, you still made a lot of it. how did that work? >> for better or worse, i am competitive. >> competitive and diversified. steyer's investment fund, farallon, invests in energy companies. including kinder morgan, a canadian operator that transports oil sands. but steyer promised to divest from his kinder morgan holdings and pledged to donate money to the victims of wildfires. he looks to the oil industry for answers. >> how do you take the incident that happened in mayflower and what happened to peoples' lives there, how do you apply that to the work you're doing now against the keystone pipeline? >> let's step back for a second, which is this. i actually believe the solution for our energy problems

>> when we return, tom steyer's paradise.unning this huge branch, how is it different from running a $20 billion hedge fund? ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer ended up. there is an 18 acre ranch he and his wife bought in 2002. it is a world away. buying this ranch, was that your idea or your wife's idea? >> i think you can say my wife. originally we bought it because of the land. you could dump stuff if you paid the fee. >> running this huge ranch, how is it different from running $20 billion hedge funds? >> i can tell you how it is the same and how it is incredibly different. it's the same in that you think it looks like an asset, but it is actually dramatically changed by the people who run it. that's exactly like every organization i have been in, which is having great people at the top. it is unbelievably significant and powerful, and that's where the comparison is. >> how many have you put into this? >

i'm tom steyer. >> there's a guy right here, his name is tom steyer.100 million into the legislative process to try to resurrect global warming as an issue. >> i don't know tom steyer from a bar of so. >> steyer's a hedge fund billionaire bursting onto the political scene on behalf of environmental causes. >> we need to hold these candidates accountable for being against science and be loud about the fact that if they don't believe climate change is real, we can't trust them. >> he's focusing on at least seven states that could decide which party controls the senate and key state houses after november. >> i'm grateful. >> last year, ken cuccinelli, virginia's republican candidate for governor, was defeated in a very close race. steyer spent nearly $8 million helping cuccinelli lose. >> climate changing is an important issue. we should all be proud of the work we've done to keep climate change denier ken cuccinelli out of the governor's mansioning >> obama, we don't want no climate drama. >> he's funding efforts to derail account controversial keystone

and he wants guys like tom steyer to help some of these democrats out in elections in this coming midterm right. when we come back, an update on the gop's fight to take back the senate. tuesday's primaries bring new hope for a republican pickup in iowa. but could a divisive runoff in mississippi put a once safe seat in jeopardy? okay, listen up! i'm re-workin' the menu. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition inharge™. [ bottle ] ensure®. i'm on expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >>> a clearer picture emerging now for the bat

thank you, tom steyer. just last week, four former republican e.p.a. administrators who served under presidents nixon, reagan, george herbert walker bush and george w. bush spoke out on the need to address dangerous climate change. i want to thank senator whitehouse, my subcommittee chair in the committee who called these four incredible -- it was an icon i can moment, frankly. see if i remember them all. there was rucklehaus who started off with nixon. there was christie todd whitman who worked for george w. bush. there was william riley who worked for george herbert walker bush. and then there was mr. thomas who worked for ronald reagan, ronald reagan. and there they sat, and there they spoke and there they said very clearly wake up, republicans, this is a serious matter. and now today a bipartisan group of former treasury secretaries released a report showing that the u.s. economy is already feeling the negative financial impacts of climate change. these respected leaders say climate change is real, and we must act. so why would we want to short cir

at this point i think the reason is one guy named tom steyer. if you haven't heard him before, let me introduce you to him. first of all, you always hear a lot of things about the koch brothers and other people are putting money and are concerned about. this is the most -- this actually is a statement made by this very wealthy person. i'm sure he's a nice tern. tom steyer is a multibillionaire, he's very liberal, from the state of california, the state of my good friend from -- the senator from -- the junior senator from california. he's made the statement that he is going to put up a hundred million dollars to spend in campaigns of people who would do two things. one, try to resurrect the issue of global warming which is dead on the -- i can remember back when global warming would be polled as the number one or number two plob in the country. right now according to last week's gallup poll it's 14 out of 15. that's a dead issue. but a hundred million dollars to do two things, resurrect the issue and stop the keystone pipeline. a few weeks ago he

is the answer right now, and his name is tom steyer, tom steyer is a multi billionaire out in california who stated in writing and he agreed to it, he hasn't denied it, he's putting $50 million of husband money in campaigns to elect a senate that will go back to the global warming hoax. i wrote a book about this called "the greatest hoax". >>> the senator raised one of the most contentious issues in this prisoner swap deal, america doesn't normally negotiate with terrorists. did we just do that? back in 2008, president bush was speaking in israel when he shared this powerful history lesson on the danger of dealing with the devil. >> some seem to believe we should negotiate with the terrorists and radicals as if some ingenious argument will persuade them they have been wrong all along. we've heard this foolish delusion before. an american senator declared lord, if i could have only talked to hitler, all this might have been avoided. we have an obligation to call this what it is. it's been repeatedly discredited by history. >> moments before we came to air, i spoke with former vice preside

two, green activists in his party, tom steyer, he wants them to help him in this coming midterm. >>> back, an update on the gop's fight to take back the senate. tuesday primaries bring new home for the republican pickup in iowa, but could it devise a runoff in mississippi and put a one-state seat in jeopardy? avo: waves don't care what age you are. take them on the way you always have. live healthy and take one a day men's 50+. a complete multivitamin with 7 antioxidants to support cell health. age? who cares. but when we put something in the ground, feed it, and care for it, don't we grow something more? we grow big celebrations, and personal victories. we grow new beginnings, and better endings. grand gestures, and perfect quiet. we grow escape, bragging rights, happier happy hours. so let's gro something greater with miracle-gro. what will you grow? share your story at miraclegro.com. the shingles virus is already inside you. you should know that 1 in 3 people will get shingles in their lifetime. geicmoney for over 75 years.save they've really stood the test of time. much like the

. >> but, tom steyer's position is that this should not be built. the fact that he has recruited you to talk about the vulnerability of this pipeline as a soft target for terrorists, i would presume would only underscore his position that this pipeline should be built. >> i don't even know tom, we have never met. he might use that to say that it should never be built. that is not necessarily my position, that it should not be built. >> it is a political flashpoint. the president, it was not then he would have made a decision by now, whether it should be both but he hasn't. most people should not make any decision. >> now we move to the 25th anniversary of the massacre in tiananmen square. we are joined by jonathan ferro and asia society, jamie mansell. this is a long time in the memory of many chinese people. no commemoration, no recognition. >> it is more than that, the chinese government is actively trying to squash the memory of tiananmen square. they are scouring the social media, there is all kinds of presence of the military and plainclothes p

tom steyer wants to rush it through. >> mike bloomberg takes on mccarty i >> we've been telling you about liberal intolerance on college campuses this commencement season. michael bloomberg got an invite to speak at harvard's commencement and some people may have been surprised when they heard this. >> today, on many college campuses it is liberals trying to suppress conservative ideas. this spring, it has been disturbing to see a number of college commencement speakers withdraw or have their invitations reskinned after protests from students and to me shockingly from senior faculty and administrators should know better. liberals silence a voice. this is an outrage and we must not let it continue. >> so universities used to be a place where you went to open your mind and it seems come to a place that you narrow it. according to the fec, 96% of all campaign contributions from ivy league faculty and employees went t barack obama. are you surprised? >> that's the point. it's trickling down from the gurus of garbage. the only entity less tolerant than the teacher's lounge is the taliban, whic

but then i remember tom steyer. let's put this chart up here. tom steyer, let me introduce you to him. is that chart 5 there? yeah. this man, who made billions o of -- in the traditional energy industry, is the new poster child of the environmental left. he's the one who promised to direct $100 million to resurrect the dead issue of global warming. and these are his words. so he has the president and others onboard with his plan and they're following through. tonight's slumber party is proof enough. i can hear it now. a severe case of righteous indignation's going to show up and they're going to say, you know, are you saying that the president is -- or that tom steyer is putting $100 million in these races? no, i'm not saying that. that's what tom steyer is saying. in fact, i have a quote here from him. he says, "it is true that we expect to be heavily involved in the midterm elections. we are looking at a bunch of races. my guess that we'll end up being involved in eight or more race races." and that's with $100 million. but all -- but that is

tom steyer wants to rush it through. >> mike bloomberg takes on mccarty i mccartyism liberalism. coming up. honestly, the off-season isn't really off for me. i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up plays. it's got onenote, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work! legs, for crossing. feet...splashing. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to ma, now may be time to ask about xeljanz. xeljz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok wi

there's a guy right here, his name is tom steyer, s-t-e-y-e-r, he has come out and documented -- he'sultibillionaire, he's going to put $100 million in the legislative process to try to resurrect global warming as an issue. $50 million of this is his own money, and he'll raise the other 50. i can tell you right now it's not going to work. i know it's a lot of money, and this will be going to candidates who are going to be supporting global warming and all of that stuff. so we know that it's going to be -- it's going to have an impact. it is a lot of money but the people of america won't buy it, and i would say this, i've already made an announcement, mr. chairman, that -- and there's a possibility i could be chairing this committee again, that when these regulations are finalized, i'm going to offer a cra, congressional review act on each one of them because that's the only way that we can have people get on record, either supporting or rejecting this and i have a feeling that we're going to be able to stop it, in spite of -- by the way, this article be put in the record at the conclu

there is a democrat tom steyer, they will never allow the keystone to go through, they want that moneythe longer the americans are on the left, on the right, environmentalists will be screaming for it. >> i don't know if the environmentalists are, they pretty much said no way, no how, they perpetuated this culture of fossil fuel alarmism. they perpetuated this idea that anything to do with oil or natural gas is terrible for all americans. at the same time, the president has been pushing for more job creation, a cleaner environment, for energy independence, if he opens up the keystone pipeline, which is a private operation, he can check all of the boxes. neil: bingo, it makes sense with unions, colonel. they're saying mr. president, we love you, you got to quit touting the environmentalists. the president is going to be checked on what are do youing to reduce oil dependence here? and he'll say, all right, i'll open the damn thing. >> no doubt it's going to create jobs, and, yes, i think the president is vulnerable here. i used to live next to the alaska pipeline. i know the pipe station

there's a guy right here, his name is tom steyer, s-t-e-y-e-r, he has come out and documented -- he's a multibillionaire, he's going to put $100 million in the legislative process to try to resurrect global warming as an issue. $50 million of this is his own money, and he'll raise the other 50. i can tell you right now it's not going to work. i know it's a lot of money, and this will be going to candidates who are going to be supporting global warming and all of that stuff. so we know that it's going to be -- it's going to have an impact. it is a lot of money but the people of america won't buy it, and i would say this, i've already made an announcement, mr. chairman, that -- and there's a possibility i could be chairing this committee again, that when these regulations are finalized, i'm going to offer a cra, congressional review act on each one of them because that's the only way that we can have people get on record, either supporting or rejecting this and i have a feeling that we're going to be able to stop it, in spite of -- by the way, this article be put in the record at the co

treasury secretary henry paulson, a republican; and billionaire financier and democratic donor, tom steyere group warned tuesday that if carbon dioxide levels continue rising at their current pace. between $66 and $106 billion dollars of u.s. coastal property will likely be below sea level by 2050. days with temperatures exceeding 95 degrees may triple, to as and farm production could drop 14%. in a video statement, bloomberg says it's time to change course. >> if you invest in real estate, commodities, municipal or corporate bonds, these risks matter to you. unless we get serious about managing the risks of climate change, we're likely to see more severe losses in the future. >> woodruff: the group calls for a comprehensive response, but makes no specific recommendations. former treasury secretary henry paulson joins me now. thank you for being with us. >> judy, it's good to be here. >> woodruff: so this is an effort to focus on the economic impact of climate change rather than the effect on human health. why? >> well, absolutely. there's been a lot of work that's been done in the past on

i think that has a little bit to do with tom steyer's $50 million-plus investment in midterm electionpending defending democrats who support this rule. and a lot of it has to do with the president believing this is a major part of his legacy. he wants to see this rule cross the finish line before we leaves office and willing to for the first time, perhaps, sacrifice political capital to it. >> as someone who was substantively rooting for the epa announcement, and i think it could be even tougher, actually, probably doesn't get us where we need to go. i was worried as a political analyst about the politics of it. i really did think it would lead to bad political consequences for vulnerable democrats in the midterms. i've been amazed at how little political backlash there has seemed to be to this announcement so far. >> i think you're looking at a fundamental difference from obamacare where everything happened very fast. this is a proposed rule, chris. it won't be final for another year and states won't have to decide how they will cut these emissions for another year. we might have a d

i would like to say, i don't know tom steyer from a bar of soap but i would be happy to work with anybody to put some transparency on the dark money that comes into these elections and i know this isn't a hearing about elections and dark money, but if we want to save our democracy, i think that's the first step and i think we could really get to the bottom of a lot of this stuff that's going on as far as influence and political agenda here in washington, d.c. with that -- >> let me react -- since my name was used i can react. yeah, this isn't dark. this is light. this is something everybody knows. it's out there. it's been in all the publications. that means that much to some people and i just want to clarify that. >> thaen let's get rid of that and the dark money, too. i would appreciate you having me here today along with ranking member wicker. feels like we should be on cross fire, roger, but we'll do it here. look, i'm not a lawyer. i am not a scientist. i am a u.s. senator, but more importantly, i'm a farmer. the impacts of climate change are felt far and wide, and i believe we need

he doesn't talk about people like tom steyer, stormer hedge fund manager who says he's going to spend a hundred million dollars against anyone who supports the keystone pipeline or anyone opposes his views on climate change. so this rather cherry-picking in terms of trying to intimidate people and to squelch political speech is pretty apparent. it becomes apparent because obviously the majority leader is very worried about the upcoming midterm election and what might happen when we see the pushback from the voters in senate races all across the country at the last five years. and this great, huge growth in government and its intrusiveness in their lives. but here's the bottom line. free speech is free speech, period. to quote a recent supreme court decision, there is no right more basic in our democracy than the right to participate in electing our political leaders, closed quote. as they said, nothing more basic. well, as i mentioned a moment ago, thankfully the founders were wise enough not only to give up the bill of rights and our constitution but to make it very difficult to amen