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.”

More in Local News

Designed for special emergencies, texting 911 widely misused

The majority of texts dispatchers receive are better handled by calling, a SNOPAC official says.

Signs show the rates for using the express toll lanes for traffic headed southbound on Interstate 405, Tuesday, Feb. 16, 2016, in Bothell, Wash. Gov. Jay Inslee announced plans Tuesday to try to decrease congestion on I-405 in answer to commuter complaints that the new express lane tolling system is making traffic worse. The governor said he would not be shutting down the tolling system as some people have called for. But the state transportation department is making plans to add new northbound general purpose lanes to ease some of the congestion and also plan to make it easier to move into and out of the express lanes. (AP Photo/Elaine Thompson)
After a 2-year trial, are I-405’s toll lanes here to stay?

Lawmakers will decide whether to keep them or end the experiment and try something else.

Weary drivers using toll lanes say they have little choice

Congestion continues to be a tedious reality for commuters on I-405, which is as clogged as ever.

Arlington woman dies 4 days after Marysville crash

She was on the northbound onramp from Fourth Street to I-5 when her pickup hit a tree and fence.

Council passes six-month moratorium on safe injection sites

Proposal by County Councilman Nate Nehring passed unanimously.

Terrace woman held following collision in Everett

The three occupants in vehicle were transported to a local hospital in serious condition.

Information sought on drive-by shooting in Everett

Debris from an apparent crash, evidence of gunfire found in the 2800 block of California Street.

Longboarders from near and far hit the trail in Arlington

The Centennial Sk8 Festival was serious competition for some and just for fun for others.

Everett’s lawsuit against maker of OxyContin can proceed

Purdue Pharma says it’s not liable for the impacts of opioid addiction and wanted the case tossed.

Most Read