How Tom Steyer is Using Capital to Solve the Climate Crisis

We head to San Francisco and sit down with Tom Steyer, Wall Street giant and visionary behind Galvanize Climate Solutions and Farallon Capital Management.Transitioning from finance to climate activism in 2012, he safeguarded California's Global Warming Solutions Act and founded NextGen America, rallying record youth voters. Co-founder of Beneficial State Bank and TomKat Ranch, Steyer champions sustainability and justice. His 2020 presidential bid and leadership roles with Governor Newsom and Vice President Biden showcase his influence. Steyer blends financial acumen with environmental passion, offering unparalleled insights at the intersection of finance and climate activism.We discuss:Early life experiences and their influence.How a trip to Alaska changed everything.The secret's behind Farallon's success.Movement capitalism: where profit meets purpose.Impactful global leadership and it's influence.The role of family wealth in addressing climate change.Impact investing and the emphasis of profitable investments in renewable energy.Chapters:00:00 – Welcome to High Net Purpose 00:51 – Tom Steyer’s Mission: Climate, Capital & Conscience 03:46 – Early Life Lessons That Shaped His Worldview 07:13 – Wall Street Origins: Learning at Goldman Sachs 09:49 – Founding Farallon: Risk, Reward & Investment Mastery 17:28 – The Moment He Shifted to Climate Activism 22:24 – Movement Capitalism: A New Model for Climate Solutions 27:38 – Building Galvanize: Where Capital Meets Climate Impact 28:04 – What He Looks for in Early-Stage Founders 29:46 – Inside His Climate Investment Strategy 31:07 – Managing Risk While Tackling the Planet’s Biggest Problem 33:15 – Where He Sees Opportunity in Climate Tech 34:23 – Why Better Information Could Unlock the Future 36:45 – Agriculture, Sequestration & Natural Solutions 38:20 – What’s Slowing Down Climate Innovation 39:39 – The Realities of the Green Premium 41:10 – Can Public Markets Deliver Real Impact? 43:08 – Fossil Fuels, Transition Plans & Honest Timelines 47:34 – Investing Family Wealth With Purpose 50:54 – Reflections on a Life in Finance and Climate 55:22 – Final Thoughts & Closing  Hosted on Acast. See acast.com/privacy for more information.