Now-retired San Francisco financier Tom Steyer’s flashy entry into Progressive campaign financing earned him Crazifornia’s designation as the third most dangerous Californian. Here’s what we wrote then:
Steyer, a ridiculously wealthy San Francisco wealth manager, first entered our consciousness when he pumped $30 million of his own money to pass Prop 39. That’s the 2012 ballot initiative that increased taxes on out-of-state corporations and sprinkled the largess on alternative energy companies like those his company, Farallon Capital Management, owns pieces of. This year, he was the Big Spender that got Terry McCaullife, a politician so slimy he taught Bill and Hillary dirty tricks, elected governor of Virginia. If your money is in OneCalifornia Bank, move it, because Steyer owns it.
According to a New York Times report, Steyer’s gunning for #1 in this year’s ranking of most dangerous Californians.
A billionaire retired investor is forging plans to spend as much as $100 million during the 2014 election, seeking to pressure federal and state officials to enact climate change measures through a hard-edge campaign of attack ads against governors and lawmakers. …
In early February, Mr. Steyer gathered two dozen of the country’s leading liberal donors and environmental philanthropists to his 1,800-acre ranch in Pescadero, Calif. — which raises prime grass-fed beef — to ask them to join his efforts. People involved in the discussions say Mr. Steyer is seeking to raise $50 million from other donors to match $50 million of his own.
That’s some big money – and Steyer told the NY Times it might be a low-ball estimate compared to what he would spend to influence climate policy. By comparison, the long-established League of Conservation Voters spent about $15 million on campaigns in 2012.
Steyer’s San Francisco-based Next Gen Climate Action political machine is said to be targeting campaigns for Florida governor (GOP incumbent Rick Scott is … gasp! … a climate change skeptic) and Iowa’s Senate race because “a win for the Democratic candidate, Representative Bruce Braley, an outspoken proponent of measures to limit climate change, could help shape the 2016 presidential nominating contests.”
No word on what Steyer plans to spend in California. But since the state is already certifiably climate-crazed, he just might spend all his money elsewhere.