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Tom Steyer Lays Out Vision for a More Affordable California in Run for Governor

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Tom Steyer speaks with Scott Shafer and Marisa Lagos on Political Breakdown at KQED in San Francisco on Mar. 6, 2026. (Martin do Nascimento/KQED)

Billionaire climate activist Tom Steyer has vastly outspent his competitors in the California governor’s race. The former hedge fund manager, who previously ran an unsuccessful bid for president in 2020, now promises that if elected governor, he will lower costs by requiring corporations pay what he calls their “fair share.”

In conversation with Marisa and Scott, Steyer reflects on growing up in New York City and how he went from building his fortune at Farallon Capitol to fighting climate change. The discussion also covers his policy agenda, including plans to reduce electricity bills by breaking up utility monopolies and boosting funding for public schools.

This interview is part of a series of conversations with the 2026 gubernatorial candidates for California. The primary election is June 2.

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