CalMatters

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Tom Steyer , the billionaire climate activist and businessman who unsuccessfully ran for president in 2020, is the latest Democrat to jump into California’s crowded gubernatorial field.

His two core promises — which could appear at odds — are to preserve the state’s status as a hub for business and innovation while also lowering California’s cost of living by making corporations pay “their fair share,” he said in a video message.

The nearly two-minute campaign launch film , which intersperses sleek graphics with footage of line cooks, ranchers and manufacturing workers on the job, encapsulates those dueling themes.

“There’s a reason everybody comes here to start businesses — becaus

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