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

Within an hour, 2 planes crash-land at Paine Field

One simply landed hard and went off the end of a runway. Another crash involved unextended landing gear.

Mill Creek’s Donna Michelson ready to retire at year’s end

The city’s longest-serving council member says she has every intention of staying involved.

Leanne Smiciklas, the friendly lady who served customers of her husband’s Old School Barbeque from a schoolbus parked in front of the Reptile Zoo east of Monroe, has died at 64. (Dan Bates / Herald file)
Without her, beloved BBQ hotspot in Monroe can’t go on

Leanne Smiciklas, who ran the now-closed Old School BBQ along Highway 2 with her husband, died.

Foundation awards grants to Arlington schools

The Arlington Education Foundation on Nov. 13 presented a check to the… Continue reading

Snohomish County firefighters head to California for 18 days

They’re from Fire District 26 in Gold Bar, Getchell Fire and Fire District 7.

State commission reprimands Snohomish County judge for DUI

Judge Marybeth Dingledy had pleaded guilty and was sentenced to a day in jail.

Driver arrested after car strikes pedestrian in Everett

The pedestrian was crossing the road near 12th Street and Broadway. He was injured.

Active Casino Road volunteer honored for work

Molina Healthcare recently honored Jorge Galindo, from Everett, as one of its… Continue reading

Over $12K raised to InspireHER

InspireHER, a local organization that encourages female empowerment, raised over $12,000 at… Continue reading

Most Read