All posts by Tom Steyer for Calitics

Arnold, Tom Friedman and Green Jobs…

I was down in Los Angeles last week and met with a long-time friend who’s from a strongly Republican family but who is deeply committed to keeping California beautiful and its environment protected.  

He was impressed that Meg Whitman had officially opposed Prop 23 and was convinced that, with that in hand, he could sway other business-oriented environmentalists in Southern California to come out against Prop. 23. Which he did – quite effectively – shortly after our meeting! We are creating great momentum from Meg’s decision to vote no on Prop. 23.

There have been two other big boosts to the No on Prop. 23 campaign – Arnold and Tom.

Last week, the Governor spoke out strongly against Prop 23. My wife and I got a chance to talk with him recently and see him speak at an event. He was strong and quite combative, going after the two Texas oil companies directly and forcefully.  At the start of his political career, it was hard to forget that Arnold is a global movie star. Now it’s hard to remember, until he starts talking. He still commands a crowd and a room.

But most importantly, the Governor nailed the message and spoke the truth. “They (the oils companies) are creating a shell argument that they are doing this to protect jobs,” the governor said. “Does anybody really believe they are doing this out of the goodness of their black oil hearts – spending millions and millions of dollars to save jobs?”

Tom Friedman, the New York Times Columnist, picked up the story this week as well. He put the argument pretty simply, “Just remember: A.B. 32, good; Prop 23, bad.”

He also pointed out another great quote on jobs from the Governor, “Since when has [an] oil company ever been interested in jobs? Let’s be honest. If they really are interested in jobs, they would want to protect A.B. 32, because actually it’s green technology that is creating the most jobs right now in California, 10 times more than any other sector.”

This point can’t be made often enough. In 2009 alone, venture capitalists invested $2.1 billion into California’s “green” businesses. The green technology industry is the future economy of California. They are the jobs for which our children and grandchildren will be competing. In Washington, action on national climate change legislation may be stalled but we can and should still lead the way here in California. It’s good for our environment, good for our economy and good for our future.

As always, it was fun to be in L.A. and great to see the Governor and his wife.  Even with all their success and celebrity, they seemed like a very nice – and amazingly accomplished – couple.  

And it was great to get to talk with the Governor and understand how he came to care so deeply about the environment. He definitely wants to work against Prop 23 until Election Day and then keep going nationally.  I know that the implementation of AB 32 over the next 10 years will be critical, so I don’t want to stop either.  Hopefully then, I’ll be seeing a lot more of the governor!

This is the forth installment of our regular father-daughter, intra-generational effort to share concerns and fears, as well as ideas and hopes about the future of California’s environment. – Tom

Tom Steyer is a successful asset manager, entrepreneur and environmentalist. He founded and is Co-Managing Partner of the San Francisco-based firm, Farallon Capital Management and is a partner at the private equity firm Hellman & Friedman. With his wife Kat Taylor, he created and funded OneCalifornia Bank, which provides loans and banking services to underserved small businesses, communities, and individuals in California. In 2008, Steyer and Taylor made a $40 million gift to Stanford University to create a new research center as part of the Precourt Institute for Energy, the TomKat Center for Sustainable Energy.

Steyer is also co-Chair, with former Secretary of State George Shultz, of the campaign to oppose Proposition 23 in California, an initiative that would undercut California’s commitment to clean energy.

HItting the phones in San Rafael

Although I had received an incredibly supportive welcome from campaign organizers at the San Francisco office, I was happy to move to the simpler tasks of the grassroots campaign, for which I felt much more qualified.

I have been working primarily out of an office in San Rafael, run by two members of Green Core who recently graduated college. I spend my time phone banking, meeting with volunteers and attending rallies in the surrounding area.

San Rafael, being sunny, beautiful, and inhabited by a fair few crunchy, eco-friendly people, is of course not a bad place to be working on an environmental campaign.

Having a fear of phones that makes me avoid calls even with my closest friends, I never thought of myself as a prime candidate for phone banking. Despite my hesitation, it has become one of my favorite activities. Most people don’t pick up, and many that do are clearly not in the mood to talk. The rare person though who seems truly enthusiastic makes up for all the disappointments, and I often find myself full of adrenaline after a successful phone banking session. There is also a camaraderie with the other phone bankers, as you chat together while phones ring.

Obviously phone banking is laborious and slow, but there is a feeling of accomplishment that I found lacking in other activities, a sense of reaching real, live voters (who can otherwise seem almost like mythical creatures, as you discuss them at length but never actually meet them).

I enjoy rallies tremendously, but from the outside of a campaign, I honestly thought they served more as moral boosters for the volunteers rather than influencing voters. My opinion was changed late one night, as I sat phone banking. After only the first few sentences of my “schpiel,” the man on the phone interrupted me, asking if this was the proposition he had seen all the people waving signs for the previous weekend. Having been at the rally he was referring to, I could tell him honestly that it was.

“That’s ok then,” he told me. “We’re voting no. We don’t support big oil. You can call someone else now.”

– Evi Steyer



Tom Steyer is co-Chair, with former Secretary of State George Shultz, of the campaign to oppose Proposition 23 in California, an initiative that would undercut California’s commitment to clean energy.

Evi Steyer is one of Tom and Kat’s four children. She graduated from San Francisco’s University High School in 2010 and is taking a year off to volunteer on the Prop 23 campaign and travel, before starting Yale in the fall of 2011.

They are writing a regular father-daughter, intra-generational blog to share concerns and fears, as well as ideas and hopes about the future of California’s environment.

Good News with a Caveat: Meg Whitman Says Vote “No” on Prop 23

A friend and I were driving to Fresno yesterday morning when I received a very welcome message on my blackberry: Meg Whitman has come out against Proposition 23.

Everyone who opposes Proposition 23 had to cheer – and be cheered by – that news.  Now both Whitman and Brown have officially voiced their opposition to this environmentally harmful proposition.

Obviously, it was a tough political decision for Whitman, whatever her convictions may be.  She’s been under pressure to support Prop 23 from a divisive sect of climate change skeptics, and at the same time she must want to maintain an image consistent with the progressive values of the California majority.

But regardless of any complications, I’m thrilled that Whitman has seen past multi-million dollar propaganda and is supporting what’s right for California’s environment and green economy.

That being said, I don’t agree with her position on AB32, the underlying emission’s law that Prop. 23 would roll back. In her official statement today, she reiterated her desire for a one-year moratorium on AB32 and called the law a “job killer.”

I believe this would be a step in the wrong direction. For decades, California’s been a leader in the fight for a cleaner environment. And right now we’re on the cusp of a green energy revolution that can create more jobs for Californians. (That’s on top of the estimated 500,000 green technology jobs already employing citizens of the state.) So to call AB32 a “job killer” is not just wrong-headed, it’s also dangerous.

Business people often criticize environmental regulation and claim it will cost jobs.  They say it’s “impossible” to comply with. Or they “can’t afford” not to pollute. I would think that Meg Whitman – who touts herself as a technology entrepreneur and visionary – would be able to see past this old, false choice.

That’s why I decided to dedicate myself to convincing people to vote “no” on Proposition 23 this November.  I got mad that we as Californians were being attacked by this same defeatist, pessimistic rhetoric: because the clean energy economy is not only about creating a better living environment, it’s about creating a better economic environment. The sooner we get past the outdated “jobs vs. the environment” debate the better off we are going to be on both fronts. We have 40 days till the election. Make sure to tell your friends – vote No on Prop 23.

– Tom Steyer

Prop. 23 Is Debated – and the Millennial Generation Is Tuned In

This is the first installment of what we hope will become a regular father-daughter, intra-generational effort to share concerns and fears, as well as ideas and hopes about the future of California’s environment. – Tom

Tom Steyer:  

I was in Sacramento last week to debate Assembly Member and Prop. 23 author, Dan Logue. As part of my role as the No on Prop. 23 Co-Chair, I’m going to be publicly arguing the ‘no’ side of this measure as often as they’ll let me. I’ve been a passionate and practicing environmentalist for a long time now – and I put my money, and my time, where my mouth is.

And so I found myself in Sacramento.  

I had spent several days prepping and practicing, making sure I was on top of the information as well as Mr. Logue’s attitudes and beliefs. I’m pretty passionate about this stuff to start with – and after spending a few days really drilling down on just who’s behind Prop. 23 (billion-dollar Texas oil giants, Valero and Tesoro), what their motives are (make even more money) and what it would mean to our environment (don’t get me started), I was ready to do battle.

Turns out, Dan Logue’s a very nice gentleman from the Truckee area, a small businessman mostly concerned with the climate for small business. He clearly cared generally about the issue. But he repeatedly quoted a series of discredited analytical efforts including one from Sacramento State and another from Berkeley, the authors of which have expressly asked him to please stop misquoting their work. It seemed to me that those Texas oil companies are manipulating him as badly as the rest of us.

One of the interesting things about debating this issue in public was that I got an immediate sense of what resonates and what does not. It’s obvious that the fact this initiative is funded by Texas oil companies resonates with everyone. It’s obvious that polluters should not be able to write their own environmental laws, get them on the ballot, and get them passed. The other point that’s obvious is this is a confusing issue for most people. Even the numbers, AB 32 and Prop 23, are confusing. It was necessary to repeat frequently that the pro-environment vote is a NO on 23 vote.

I found it an emotional experience, much like playing a soccer or basketball game. But even more so because it’s so obviously not a game. I left the debate feeling pretty drained – but also even more focused. Valero and Tesoro are going to spend whatever’s necessary to undermine California’s environmental laws. And I’m going to do my damndest to stop them.

Evi Steyer:

The trip from San Francisco to Sacramento, across the bay, over the golden-brown hills, and through the fields of the Valley, put me in a very California frame of mind.  After mistakenly making my way to a local neighborhood (wine) press club and bar of the same name, I finally found my way to the Sacramento Press Club, where the debate was being hosted.  The street was lined with Yes on Prop 23 advocates and a man dressed as a chicken, a reference to Assemblyman Logue’s feint at backing out of the debate. Late due to my scenic tour of Sacramento, I hustled up the stairs and found a seat at the back of the high-ceilinged room. Two men who resembled Logue himself and seemed to be closely affiliated with him, a couple wearing matching Tea Party t-shirts, and several people wearing Yes on 23 stickers and holding signs, were seated next to me.

As an 18-year old who grew up in a house where conversations about sustainable energy were as common as the morning carpool, I’m proud of California’s environmental laws and think Prop. 23 is deceptive and really, really dangerous.

The facts prove global warming is real, so it was hard for me to react to Mr. Logue’s assertion that the matter remains inconclusive without a certain amount of skepticism. What struck me, more than the arguments presented and the studies cited, was the overall tone of the discussion. Both Mr. Logue and my Dad clearly care about California and its citizens. But Dan Logue most definitely stakes his position on what he believes to be in the best interest of California. The only problem with Mr. Logue’s position though, no matter how passionate he is and how deeply held his beliefs – he’s wrong on the facts.

I was proud of my Dad, not for his debating tactics but for the positive and hopeful stance he presented. The words “innovation” and “creativity” arose frequently in his arguments for AB 32 and against Prop 23. Listening to the debate, I felt fully engaged and excited about the green revolution and the role California will play. I felt hopeful.

Tom Steyer is a successful asset manager, entrepreneur and environmentalist. He founded and is Co-Managing Partner of the San Francisco-based firm, Farallon Capital Management and is a partner at the private equity firm Hellman & Friedman. With his wife Kat Taylor, he created and funded OneCalifornia Bank, which provides loans and banking services to underserved small businesses, communities, and individuals in California. In 2008, Steyer and Taylor made a $40 million gift to Stanford University to create a new research center as part of the Precourt Institute for Energy, the TomKat Center for Sustainable Energy.

Steyer is also co-Chair, with former Secretary of State George Shultz, of the campaign to oppose Proposition 23 in California, an initiative that would undercut California’s commitment to clean energy.

Evi Steyer is one of Tom and Kat’s four children. She graduated from San Francisco’s University High School in 2010 and is taking a year off to volunteer on the Prop 23 campaign and travel, before starting Yale in the fall of 2011.