Bilionaire Tom Steyer declares run for California governor

[In It to Win It]

Tom Steyer, the billionaire environmental activist who spent millions of his own money in advertising to help propel the passage of California's Proposition 50, is now throwing his name into an already crowded race for governor in 2026.

Steyer announced he's running for governor on Nov. 19 in a YouTube video, seeking to replace current Gov. Gavin Newsom, whose second and final term due to state term limits ends in January 2027. A Democrat, Steyer is no stranger to politics, having run as a long-shot 2020 Democratic presidential candidate.

He said his key goals as California governor would be to make the nation's most populous state more affordable. Some of his initiatives include lowering electric bills by 25% and letting residents choose their own electricity provider. He wants to build one million new homes within four years by accelerating permitting, reducing taxes and building fees, and using technology to lower construction costs.

https://www.yahoo.com/news/articles/bilionaire-tom-steyer-declares-run-140308711.html