"Billionaire hedge fund founder Tom Steyer announced Wednesday that he is running for governor of California, arguing that he is not beholden to special interests and can take on corporations that are making life unaffordable in the state. "The richest people in America think that they earned everything themselves. Bulls-, man. That's so ridiculous," Steyer said in an online video announcing his campaign."
"But the hedge firm's investments - notably a giant coal mine in Australia that cleared 3,700 acres of koala habitat and a company that runs migrant detention centers on the U.S.-Mexico border for U.S. Immigration and Customs Enforcement - will make him susceptible to political attack by his gubernatorial rivals. Steyer has expressed regret for his involvement in such projects, saying it was why he left Farallon and started focusing his energy on fighting climate change."
Tom Steyer launched a campaign for California governor, asserting he is not beholden to special interests and promising to challenge corporations that make life unaffordable. He pledged to build one million homes to ease the state's affordability crisis. Steyer founded Farallon Capital Management and left in 2012; since then he focused on environmental activism and donated heavily to Democratic causes. Past Farallon investments included a large Australian coal mine and a company operating migrant detention centers, which create political vulnerabilities. Steyer expressed regret for those investments and cited them as a reason for his shift toward climate advocacy. He previously spent nearly $342 million on a 2020 presidential bid.
Read at Los Angeles Times
Unable to calculate read time
Collection
[
|
...
]