California Billionaire Tom Steyer Plans To Help Washington Democrats

Aug 5, 2014

Tom Steyer is an American hedge fund manager, philanthropist, and environmentalist. He is founder and former Co-Senior Managing Partner of Farallon Capital Management, LLC and the co-founder of the OneCalifornia Bank, an Oakland-based community development bank.
Credit Tom Seyer / Wikicommons

California billionaire and climate activist Tom Steyer plans to try to help Democrats win back the Washington state Senate. Olympia Correspondent Austin Jenkins received that confirmation yesterday.  

Austin Jenkins: “What we know is that Tom Steyer and his NextGen Political Action Committee plan to target three to four state legislative races, probably Washington state Senate races. They will work in coordination with state environmentalists who have their own political action committees, and their goal, they say, is to secure a ‘pro-climate majority’ in the Washington Senate that could then help pass Governor Inslee’s climate agenda which includes a possible cap-and-trade system.”

 Steyer’s NextGen group recently registered a new political action committee in Washington. Last year, Steyer pumped more than half-a-million dollars into the state. A good chunk of that money went to an unsuccessful effort to defeat a Republican state Senate candidate in a special election.

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