11 active candidates, receiving no delegates. He earned no national pledged delegates from Iowa, New Hampshire, or Nevada. Steyer spent a great deal of time and money in South Carolina, far outspending other candidates. However, on February 29, 2020, he finished third (behind Joe Biden and Bernie Sanders). Following that result, he suspended his campaign. Steyer spent over $253 million, with all but a little over $3.5 million coming from his personal funds. This amount worked out to be $3,373 for every vote he received in the three primaries where he was on the ballot before dropping out of the race. During Steyer's time as a candidate, his campaign spending surpassed that of every other Democratic candidate except for fellow billionaire Michael Bloomberg. Political positions Environmentalism Keystone Pipeline After holding several conversations during the summer of 2012 with environmental writer Bill McKibben, Steyer decided to focus much of his attention on the Keystone Pipeline. Steyer officially left Farallon in 2012. He was criticized by some Republicans for attacking the pipeline even though he held some investments in the fossil-fuel industry. The investments included stock in Kinder Morgan, which had its own pipeline connecting the Canadian bitumen sands to a port on the Pacific, which could be seen as a rival to the Keystone pipeline. Steyer promised to fully unload his holdings there within a year. In September 2013, Steyer appeared in a series of commercials in opposition to the proposed pipeline. In a November 2015 interview, Steyer described the Obama administration's decision to reject the Keystone pipeline as "fantastic." Global warming and renewable energy In 2008, Steyer and Taylor gave $41 million to create the TomKat Center for Sustainable Energy at Stanford University. Part of the Precourt Institute of Energy, it is focused on the development of affordable renewable energy technologies, and promotion of public policies to make renewable energy more accessible. Projects included the creation of lighter, less toxic, and more durable batteries, and an analysis of the then-current power grids capacities to support future renewable energy technologies. In October 2013, Steyer launched a bipartisan initiative to combat climate change along with then-New York City mayor Michael Bloomberg and former Treasury Secretary Henry Paulson. The initiative, called the Risky Business Project, focuses on quantifying and publicizing the economic risks of climate change in the United States. Bloomberg, Paulson, and Steyer serve as co-chairs. The Project has published three reports—a