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May 23, 2016

Spend-Happy Steyer Purchases Ads For Uncontested Primary, Gives $7 Million To His Super PAC Over One Month

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Billionaire environmentalist Tom Steyer is burning through cash like never before. The Daily Caller reported Sunday that Steyer’s super PAC, NextGen Climate, will try to influence the uncontested June 7 California Republican presidential primary.

Steyer appears in a NextGen ad asking Californians to register and vote in the Republican primary, though it is still unclear why Steyer is producing ads for a primary with only one active candidate.

Of course, Steyer has made his personal political ambitions no secret. A Los Angeles Times article published just last week listed Steyer as a “player” in the 2018 race for California governor, and this latest ad seems to confirm their reporting.

Steyer may also be trying to turn the page on a disastrous few weeks in which he was tied to a “tax haven leak” from the British Virgin Islands and created a major rift between Big Labor unions that could last beyond the 2016 election.

The Daily Caller piece followed a Politico report that Steyer gave a staggering $7 million to NextGen Climate in the month of April alone. The contribution almost doubled his previous 2016 commitments to the super PAC, bringing Steyer’s total commitment for the year to $11 million.

Either Steyer is getting more ambitious as 2018 draws near, or he’s looking to spend his way out of a rough patch. Time will tell, though, if his 2016 spending turns out any better than his “less than stellar” 2014.