Billionaire environmentalist Tom Steyer is planning to launch his campaign for the 2020 Democratic presidential nomination, a report said Sunday.

The 62-year-old Steyer — who toyed with the idea of running in the past — held a private conference call last week to tell people close to him that he was planning to run, according to Politico.

“He’s definitely focused on the [fact that the] economy is not as good as people are making it out to be,” a source told the newspaper.

“I think his heart’s in the right place. If he’s doing this, he’s got a reason behind it — He’s a very intelligent man.”

Steyer, a former hedge fund manager, founded the environmental advocacy nonprofit NextGen America.

He also founded a group, and spent millions, seeking to gain support for the impeachment of President Trump.

He would join an already crowded Democratic field with front runners such as former Vice President Joe Biden, California Senator Kamala Harris, and Vermont Senator Bernie Sanders.