Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for to receive the latest news and commentary on the most important issues in the Golden State. , 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 , which intersperses sleek graphics with footage of line cooks, ranchers and manufacturing workers on the job, encapsulates those dueling th

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