Investment banker plows $2 million into new political committee

  • By Jerry Cornfield
  • Thursday, August 1, 2013 5:19pm
  • Local News

A major new player has arrived in the state’s political arena and quickly became a force in this year’s election season.

Tom Steyer, a banker, philanthropist and funder of environmental causes, contributed $2 million to the NextGen Climate Action Committee which registered as a political committee this week, according to records of the state Public Disclosure Commission. Its mailing address is in Sacramento, Calif.

This committee immediately jumped into the battle for the state Senate seat between Democratic Sen. Nathan Schlicher of Gig Harbor and Republican Rep. Jan Angel of Port Orchard.

It gave $75,000 to the She’s Changed PAC, a coalition of environmental, union, progressive and Democratic organizations which is campaigning against Angel. And it gave $150,000 to the Washington Conservation Voters PAC, one of the groups contributing to the She’s Changed PAC.

Steyer is a co-founder and member of the Board of Directors of Next Generation, which on its website describes its mission as promoting solutions to “two of the biggest challenges confronting the next generation of Americans: The risk of dangerous climate change, and the threat of diminished prospects for children and families.”

“Next Generation takes lessons learned from California, America’s largest, most populous state, and helps spread innovative ideas that can be enacted through public policy, private enterprise, families, and individual,” according to its site.

In May, Steyer shared a Seattle stage with Gov. Jay Inslee at a fundraiser for Climate Solutions, a group devoted to fighting global warming.

A press release issued following the event included these comments from Steyer:

“What are we on the West Coast going to do about the bigger picture of climate change?” Steyer asked during his keynote address. “I think the solution is pretty straightforward: the West Coast needs to lead. And we will do so by exploiting every opportunity in the proposition process, the electoral process and the legislative process. It’s a big task.”

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Local News

Boeing firefighters union members and supporters hold an informational picket at Airport Road and Kasch Park Road on Monday, April 29, 2024 in Everett, Washington. (Annie Barker / The Herald)
Biden weighs in on Boeing lockout of firefighters in Everett, elsewhere

On Thursday, the president expressed support for the firefighters, saying he was “concerned” Boeing had locked them out over the weekend.

Everett officer Curtis Bafus answers an elderly woman’s phone. (Screen shot from @dawid.outdoor's TikTok video)
Everett officer catches phone scammer in the act, goes viral on TikTok

Everett Police Chief John DeRousse said it was unclear when the video with 1.5 million views was taken, saying it could be “years old.”

Construction occurs at 16104 Cascadian Way in Bothell, Washington on Tuesday, May 7, 2024. (Annie Barker / The Herald)
What Snohomish County ZIP codes have seen biggest jumps in home value?

Mill Creek, for one. As interest rates remain high and supplies are low, buyers could have trouble in today’s housing market.

The Marysville School District office on Thursday, Aug. 31, 2023 in Marysville, Washington. (Olivia Vanni / The Herald)
State: Marysville school plan ‘does not comply,’ must be fixed by Wednesday

In a letter, the state superintendent’s office outlined concerns with the work the district has done so far — and warned of more oversight.

Bothell
Bellingham driver sentenced for street-racing crash that killed Bothell man

Addison J. Parker, 28, died in the crash in September 2021. The driver got nearly six years in prison last month.

Everett
Charges dismissed for Everett man accused of ramming Yakima police gates

A judge last week deemed Jose Guadalupe Mendez incompetent to stand trial in the June 2023 incident.

Amazon workers wrap up pallets of orders for shipment at the new PAE2 Amazon Fulfillment Center on Thursday, Sept. 14, 2023, in Arlington, Washington. (Ryan Berry / The Herald)
Amazon to open new satellite internet manufacturing center in Everett

The 184,000-square-foot Amazon facility with 200 employees will support Project Kuiper, the company’s broadband internet network.

Washington Attorney General Bob Ferguson speaks at the Snohomish & Island County Labor Council champions dinner on Tuesday, Oct. 10, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Bob Ferguson gets two Bob Fergusons to exit governor’s race

Attorney General Ferguson vowed to see those who share his name prosecuted if they didn’t drop out.

The nose of the 500th 787 Dreamliner at the assembly plant in Everett on Wednesday morning on September 21, 2016. (Kevin Clark / The Herald)
Ex-Boeing engineer, sidelined after a 787 critique, defends troubled plane

Dueling narratives emerged as Boeing’s credibility is near an all-time low, leaving industry observers and the public at a loss as to the risk.

A gas station at the intersection of 41st Street and Rucker Avenue advertises diesel for more than $5 a gallon and unleaded for more than $4.70 a gallon on Friday, May 10, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
As gas prices near $5 in Everett, who has the best deal around?

For some, it’s good to drive an electric vehicle these days. For the rest of us, we’re scouting for the cheapest pumps — and looking at north Snohomish County.

Police respond to a wrong way crash Thursday night on Highway 525 in Lynnwood after a police chase. (Photo provided by Washington State Department of Transportation)
Charges: Man ‘snapped,’ kidnapped woman before fatal crash on Highway 525

Robert Rowland, 37, became violent when he learned his partner was going into treatment for substance abuse, according to new charges.

The Days Inn on Everett Mall Way, which Snohomish County is set to purchase and convert into emergency housing, is seen Monday, Aug. 8, 2022, in Everett, Washington. (Ryan Berry / The Herald)
Now hiring: Agency to run county’s emergency housing in Everett, Edmonds

After delays due to meth and asbestos, the New Start Centers are on track to open next year.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.