Tom Steyer
@TomSteyer
@GalvanizeLLC investor and positive-sum optimist exploring how capital, climate, and geopolitics are converging. NYT Bestseller: Cheaper, Faster, Better
The WSJ's premise that wind & solar destabilize the grid ignores real-world data: In Texas—leading the nation in renewables—blackout risk dropped from ~12% last August to just 0.30% this year, with electricity prices ~24% below the U.S. average. More renewables = more…

The American Bankruptcy Bill is self-sabotage of the highest order. It kneecaps our ability to lead on clean energy, while China races ahead. It hollows out the middle class and leaves millions without healthcare. It saddles us with unsustainable debt.
Final CBO score of the "big beautiful bill" is out Biggest Medicaid cuts ever - in fact, 4 times the size of the previous biggest; $894-$990 bn Kicks 10 million off health insurance Biggest SNAP cuts ever, $187 bn Still increases deficit by $3.4 trillion from huge tax cuts
The Biden administration funded 500,000 EV charging stations, but only about 8,200 were built. California's high-speed rail has been studied, litigated, and debated for over a decade. But still no trains, no riders. This is failure – full stop.
We can’t rebuild faith in government without proving that it works. That means treating execution as a first principle rather than an afterthought. And it means giving public institutions the resources and capacity to deliver.
We need to build more, faster. We need progressive vision with operational teeth.
When we try to address every concern equally, or all at once, we risk impeding our ability to build. This is a core reason Democrats have struggled to live up to their lofty promises to get absolutely anything done.
We continue to let progress get bogged down by competing interests and endless delays. What matters isn’t how many planning meetings we hold. What matters is: - How many homes were built? - How many clean megawatts came online? - How many people got where they needed to go,…
My op-ed about the hundreds of millions of dollars California is leaving on the table if we do not reauthorize cap-and-trade ran in yesterday’s @sfchronicle. The next cap-and-trade auction is set for August 20, two days after the legislature reconvenes from a summer recess that…

China’s catching up fast on R&D. If we want to lead, we need to build faster, smarter, and with long-term intent. That means investing in clean tech manufacturing, grid infrastructure, workforce training, and the innovation ecosystems that turn science into scaled deployment…

Underinvesting in infrastructure is a choice, and a costly one at that. We need to invest $3.7T a year just to keep up with growth, that’s nearly $70 trillion by 2035. But this isn’t just a cost. It’s a platform for everything else we care about—economic growth, clean energy,…

Your utility bill is rising because we stopped building. Utilities have already requested $29 billion in rate increases for just the first half of this year, hitting 40 million Americans. For decades, regulated utilities collected maintenance fees while deferring real…

Investing is about pattern recognition, putting facts into a framework to predict the future. We would call this yet another confirmatory fact that any investor could pick up. The Democratic establishment needs to wake up and step up.

Energy investment = an economic signal. Clean energy: $2.2T Fossil fuels: $1.1T The industrial race is on. The winners are building electric economies. The U.S. needs to get serious or get out-built.

California might not get federal wildfire funding this year. A month before peak fire season, the Forest Service still can’t say what resources we’ll have. We’ve seen this before. During Trump’s first term, he tried to dismantle critical climate programs—and yet, private climate…
