Tom Steyer Joins California Gubernatorial Race for 2026
Tom Steyer, known for his unsuccessful run in the 2020 presidential election and as a prominent Democratic donor and climate activist, announced his candidacy for the California governorship in 2026.
Steyer’s campaign emphasizes his commitment to making life more affordable for Californians, targeting reductions in housing prices and electricity rates. He co-founded a green investment firm, Galvanize Climate Solutions, and has been vocal about the need for an “energy transition.”
In a recent campaign video, Steyer remarked, “The wealthiest individuals in America believe they built everything on their own. That’s a bit much.” He shared his backstory, stating, “I’m Tom Steyer. I built a business that became immensely valuable. And I want to give back to California, which is why I stepped away from that business.”
I’m running for governor because Californians deserve a life they can afford. Sacramento politicians are afraid to change the system. It’s time to change that.
Join me: https://t.co/YWoyLaGYSa
With current Governor Gavin Newsom unable to seek re-election due to term limits, Steyer will face several competitors. Notable opponents include former Democratic Representative Katie Porter and Republican candidate Steve Hilton, along with various others.
Steyer has claimed he would tackle high electricity costs by dismantling monopolistic utility companies, although some experts argue that California’s energy expenses stem from its stringent green energy initiatives. His campaign also positions him as a challenger to “Big Oil” regarding climate change policies.
Across California, soaring gas prices and emissions regulations have been key factors in rising energy costs. Steyer points out that residents in the state are facing some of the highest utility bills in the country.
His campaign promises include ensuring businesses contribute a “fair share” to public schools funding and prohibiting corporate PAC contributions in California elections.
According to Steyer’s campaign website, “He’s running for governor because Californians can’t afford to live here anymore. A system where a select few thrive while many struggle just doesn’t work.”
