Tom Steyer, Climate Activist, Wants to Run California
Tom Steyer, a billionaire climate activist, has announced his candidacy for the 2026 California gubernatorial race after a costly but unsuccessful presidential campaign in 2020. He aims to address issues such as the high cost of living, energy prices, and housing shortages, positioning himself as a disruptor against corporate influence in politics. Steyer plans to implement significant reforms, including a major housing initiative and changes to utility monopolies. His campaign draws on a history of major political contributions and activism, despite facing scrutiny over previous fossil fuel investments. As he begins this new political chapter, the implications of his proposals and past experiences will shape voter perceptions and engagement moving forward.
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Steyer spent over $252 million on his 2020 presidential campaign, which ended after he placed third in South Carolina with just over 11% of the vote.
In his campaign launch video, he emphasized the need for affordable living in California and criticized Sacramento politicians for their reluctance to enact change.
Steyer's campaign is supported by Fight Agency, known for its work with various left-wing candidates and movements.
He promises initiatives like the largest housing drive in California's history and plans to dismantle utility monopolies to lower energy costs.
Despite his environmental advocacy, Steyer has faced criticism for past investments in fossil fuels through his hedge fund, Farallon Capital.
Post-presidential bid, he has been active in donating to Democratic initiatives, including a recent $12 million contribution to support gerrymandering efforts led by California Gov. Gavin Newsom.
His campaign theme, 'Stick It to Trump,' reflects his ongoing political engagement and aspirations within California's political landscape.