Politics & Government

July 27, 2010 6:47 AM

California's climate change law backer donates $5 million to fight Prop 23

Thomas Steyer, a San Francisco hedge fund manager and a big backer of Democratic candidates, will donate $5 million to a group opposing the ballot measure to roll back California's landmark climate change law. California's greenhouse gas reduction law, or AB 32, aims to cut emissions to 1990 levels statewide by 2020. Backed by Valero Energy Corp. and Tesoro Corp. of Texas, Proposition 23 seeks to suspend AB 32 until the statewide unemployment rate drops to 5.5 percent for four consecutive quarters.

Related content

Comments

Videos

More Videos

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

Pope Francis goes to Washington 02:11

Pope Francis goes to Washington

Canadian State Visit 00:28

Canadian State Visit

Obama sings 'Amazing Grace' at Rev. Clementa Pinckney's funeral 02:12

Obama sings 'Amazing Grace' at Rev. Clementa Pinckney's funeral

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama 01:44

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama

Astronauts kick off White House Science Fair 2016 01:33

Astronauts kick off White House Science Fair 2016

Obama: U.S. to restore full diplomatic relations with Cuba 06:25

Obama: U.S. to restore full diplomatic relations with Cuba

Share Video

Politics & Government Videos