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

Students from Explorer Middle School gather Wednesday around a makeshift memorial for Emiliano “Emi” Munoz, who died Monday, May 5, after an electric bicycle accident in south Everett. (Aspen Anderson / The Herald)
Community and classmates mourn death of 13-year-old in bicycle accident

Emiliano “Emi” Munoz died from his injuries three days after colliding with a braided cable.

Danny Burgess, left, and Sandy Weakland, right, carefully pull out benthic organisms from sediment samples on Thursday, May 1, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
‘Got Mud?’ Researchers monitor the health of the Puget Sound

For the next few weeks, the state’s marine monitoring team will collect sediment and organism samples across Puget Sound

Everett postal workers gather for a portrait to advertise the Stamp Out Hunger Food Drive on Wednesday, May 7, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Snohomish County letter carriers prepare for food drive this Saturday

The largest single-day food drive in the country comes at an uncertain time for federal food bank funding.

Everett
Everett considers ordinance to require more apprentice labor

It would require apprentices to work 15% of the total labor hours for construction or renovation on most city projects over $1 million.

Snohomish County prosecutor Kara Van Slyck delivers closing statement during the trial of Christian Sayre at the Snohomish County Courthouse on Thursday, May 8, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Jury deliberations begin in the fourth trial of former Everett bar owner

Jury members deliberated for about 2 hours before Snohomish County Superior Court Judge Millie Judge sent them home until Monday.

Christian Sayre sits in the courtroom before the start of jury selection on Tuesday, April 29, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Christian Sayre timeline

FEBRUARY 2020 A woman reports a sexual assault by Sayre. Her sexual… Continue reading

Smoke from the Bolt Creek fire silhouettes a mountain ridge and trees just outside of Index on Sept. 12, 2022. (Olivia Vanni / The Herald)
County will host two wildfire-preparedness meetings in May

Meetings will allow community members to learn wildfire mitigation strategies and connect with a variety of local and state agencies.

Commuters from Whidbey Island disembark their vehicles from the ferry Tokitae on Wednesday, Feb. 28, 2018 in Mukilteo, Wa.  (Andy Bronson / The Herald)
Bids for five new hybrid ferries come in high

It’s raising doubts about the state’s plans to construct up to five new hybrid-electric vessels with the $1.3 billion lawmakers have set aside.

City of Everett Engineer Tom Hood, left, and City of Everett Engineer and Project Manager Dan Enrico, right, talks about the current Edgewater Bridge demolition on Friday, May 9, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
How do you get rid of a bridge? Everett engineers can explain.

Workers began dismantling the old Edgewater Bridge on May 2. The process could take one to two months, city engineers said.

Christian Sayre walks out of the courtroom in handcuffs after being found guilty on two counts of indecent liberties at the end of his trial at the Snohomish County Courthouse on Monday, May 12, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Former bar owner convicted on two of three counts of sexual abuse

A jury deliberated for about 8 hours before returning guilty verdicts on two charges of indecent liberties Monday.

From left: Patrick Murphy, Shawn Carey and Justin Irish.
Northshore school board chooses 3 finalists in superintendent search

Shaun Carey, Justin Irish and Patrick Murphy currently serve as superintendents at Washington state school districts.

Paine Field Community Day returns Saturday, May 17

The youth-focused celebration will feature aircraft displays, talks with pilots and a variety of local food vendors.

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.