Tom Steyer’s House (Lake Tahoe)

Tom Steyer, the founder of the now-defunct organization "Need to Impeach," aimed to mobilize grassroots support for the impeachment of former President Donald Trump. Steyer strongly criticized Trump and invested over $75 million of his personal funds to shed light on what he perceived as the unlawful actions of the president. He believed that Trump had committed offenses that could warrant impeachment, including obstruction of justice, violation of the emoluments clause, and abuse of power.

In contrast, President Joe Biden and his family have faced allegations of influence peddling and questionable financial transactions. Additionally, Tara Reade accused Joe Biden of sexually assaulting her in 1993 when she worked as a staff assistant in his Senate office. Despite these allegations, Tom Steyer endorsed Joe Biden for President during the 2020 United States presidential election. Initially a Democratic candidate himself, Steyer withdrew from the race and threw his support behind Biden once Biden became the party's nominee.

"Need to Impeach" gathered millions of signatures for a petition and ran television commercials to raise awareness. Steyer also funded pro-impeachment candidates during the 2018 midterm elections. Ultimately, the House of Representatives voted to impeach Trump in 2019, but he was acquitted by the Senate in 2020.

The House Committee on Oversight and Accountability has released a timeline that alleges influence peddling by the Biden family. The timeline includes significant dates during the Obama-Biden administration when then-Vice President Joe Biden traveled to Ukraine, Romania, and China for official business, while the Biden family allegedly engaged in business schemes in those countries. These allegations raise concerns about the transparency and integrity of the Biden family's financial transactions and possible conflicts of interest.

Steyer is a billionaire climate investor and Democratic donor who owns an $18 million mansion in Lake Tahoe, where President Biden and his family are currently vacationing. The White House claims that the Bidens are paying fair market value to rent the property, but the exact amount is undisclosed, raising questions about potential conflicts between Steyer's investments and Biden's policies, as well as the optics of Steyer allowing the Bidens to vacation at his property.

Steyer's investment fund, Galvanize Climate Solutions, focuses on climate-related investments. Meanwhile, Biden has signed environmental legislation that includes significant financing for environmental programs and tax incentives. It is worth noting that Steyer ran against Biden for the Democratic presidential nomination in 2020, adding complexity to their relationship.

Currently, Marc Benioff, the co-founder and CEO of Salesforce, and Laurene Powell Jobs, the widow of Steve Jobs and co-founder of Apple Inc., who heads the “Emerson Collective,” are the two prominent outside investors of "Galvanize Climate." Both Democratic mega-donors have close bonds with Vice President Kamala Harris. First Republic Bank was one of the four custodians in Galvanize Climate’s largest private equity fund when it collapsed. The Biden administration, along with US Treasury Secretary Janet Yellen and the FDIC, provided a bailout to the bank's depositors.

Tom Steyer and his wife, Kat Taylor, are the co-founders of Beneficial State Bank, a financial institution that is driven by a mission to make a positive social and environmental impact. This bank stands out due to its distinctive ownership structure, as the majority of its capital is owned by the nonprofit Beneficial State Foundation. In July of 2022, the bank received a significant equity investment of $218 million from the U.S. Treasury's Emergency Capital Investment Program (ECIP).

Overall, the close relationship between the Bidens and Steyer, along with their shared interests in climate-related issues, raises questions about their connections' influence and implications. However, the exact nature of the potential conflict of interest remains unclear.

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