Deputy Chief Correspondent, West & Central Africa
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May 13, 2014

Insight – From black to green: U.S. billionaire’s ‘Road to Damascus’

BOSTON/JAKARTA/MELBOURNE (Reuters) – Billionaire Tom Steyer has rapidly become one of America‚Äôs most visible environmental advocates, vowing to punish lawmakers who don’t oppose climate change and pledging to spend up to $100 million to put the issue centre stage in the Nov. 4 elections.

His in-your-face tactics have made him fierce enemies on the right who accuse him of hypocrisy and claim that he made much of his fortune through investments in fossil fuel energy at Farallon Capital Management, the San Francisco-based hedge fund he founded in 1986.

May 13, 2014

From black to green: U.S. billionaire’s “Road to Damascus”

BOSTON/JAKARTA/MELBOURNE, May 13 (Reuters) – Billionaire Tom
Steyer has rapidly become one of America’s most visible
environmental advocates, vowing to punish lawmakers who don’t
oppose climate change and pledging to spend up to $100 million
to put the issue center stage in the Nov. 4 elections.

His in-your-face tactics have made him fierce enemies on the
right who accuse him of hypocrisy and claim that he made much of
his fortune through investments in fossil fuel energy at
Farallon Capital Management, the San Francisco-based hedge fund
he founded in 1986.

May 9, 2014

Few funds ready to follow Stanford’s lead on fossil fuel stocks

May 9 (Reuters) – Few if any of the big U.S. pension or
college endowment funds appear ready to follow in Stanford
University’s footsteps and pull their money out of shares of
coal miners or other fossil fuel producers.

Officials from the pension systems for California’s public
employees and schoolteachers and New York public employees, the
three largest U.S. retirement funds, told Reuters they prefer to
work with their portfolio companies to improve their behavior
rather than divest them.

Apr 23, 2014

Rwandan president Kagame says he is not ready to rule out third term

BOSTON (Reuters) – Rwandan President Paul Kagame said on Tuesday it was too early to say whether he will seek a third term as head of the east African state, adding “whatever will happen, we’ll have an explanation.”

Articles in pro-government newspapers in recent years have raised the prospect of him staying on after his mandate expires in 2017, a move that would anger his critics and require a change to the constitution.

Apr 22, 2014

Rwandan president says he is not ready to rule out third term

BOSTON (Reuters) – Rwandan President Paul Kagame said on Tuesday it was too early to say whether he will seek a third term as head of the east African state, adding “whatever will happen, we’ll have an explanation.”

Articles in pro-government newspapers in recent years have raised the prospect of him staying on after his mandate expires in 2017, a move that would anger his critics and require a change to the constitution.

Apr 21, 2014

Boston Marathon men’s champ says inspired by bomb victims

BOSTON (Reuters) – American runner Meb Keflezighi said memories of the victims of last year’s bomb attack carried him through the last, difficult miles of this year’s Boston Marathon.

The Californian shocked observers on Monday by becoming the first American man since 1983 to win the world-renowned race, over a field of younger East African favorites.

Apr 16, 2014

Fed should beef up low-rate vows, two officials say

FARGO, North Dakota/BANGOR, Maine (Reuters) – The U.S. Federal Reserve ought not to raise interest rates until the economy is much closer to full strength, two of the Fed’s most dovish policymakers said on Tuesday.

“If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery’s back,” Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University. “And that’s the message that I think we need to do a better job of promoting.”

Apr 11, 2014

Boston marathon charity donations rise a year after bombing

BOSTON (Reuters) – Boston marathon runners are poised to set an off-course record this year, in the form of charity fundraising.

Donations to charity teams linked to the world-renowned race are flooding in from around the globe and are poised to break last year’s record performance of $21 million, a year after a bombing at the finish line killed three people and injured more than 260.

Mar 27, 2014

Massachusetts declares heroin emergency, looks to anti-overdose drug

BOSTON (Reuters) – Massachusetts Governor Deval Patrick on Thursday declared a public health emergency over rising heroin and opioid addiction in the state, and announced measures to make overdose reversal medication more widely available.

The move comes as states across America report sharp increases in heroin use, a trend the Obama administration this month called an “urgent public health crisis.”

Mar 27, 2014

Special Report: A Canadian family’s ‘Plan B’ to pump tar sands oil

SAINT JOHN, New Brunswick (Reuters) – Keystone XL, a pipeline proposal to pump Canadian oil sands through the heart of America, has alarmed environmentalists and become one of the most contentious issues of the Obama presidency. But there is a “Plan B” to cut the United States out of the picture, and it is championed by one of Canada’s wealthiest business dynasties.

Since 2012, the billionaire Irving family has been advocating a proposal called Energy East. The 2,858-mile (4,600-km) pipeline would link trillions of dollars worth of oil in land-locked fields in the western province of Alberta to an Atlantic port in the Irvings’ eastern home province of New Brunswick, north of Maine, creating a gateway to new foreign markets for Canadian oil.

    • About Richard

      "Richard is based in Reuters' Dakar bureau where he has helped lead coverage of two dozen countries in West and Central Africa since September 2009. He previously ran Reuters' energy coverage in the Americas as a senior editor based in New York."
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