Veteran GOP strategist Rob Stutzman said that he plans to launch an anti-Tom Steyer effort if the billionaire environmental activist runs for the U.S. Senate seat being vacated by Barbara Boxer.
"I intend to lead a bipartisan effort to educate California voters about Tom Steyer from day one of his candidacy if he runs for the Senate," Stutzman said Wednesday evening. "He may be the most hypocritical candidate voters have ever seen, which isn't easy to be," because of his history making money off energy investments that conflict with his political platform.
Attempts to reach Steyer's representatives were unsuccessful.
Stutzman is a former adviser to ex-Gov. Arnold Schwarzenegger and 2010 gubernatorial candidate Meg Whitman, the former eBay chief who spent $144 million of her own money on her unsuccessful bid.
Stutzman's effort would initially be formed as an educational group but would eventually turn into a super PAC, which could accept unlimited donations. It has the potential to draw from a broad base of contributors, including moneyed oil interests angered by Steyer's work fighting climate change and fracking, small-dollar conservative donors irked by Steyer's multimillion-dollar attempts to sway political contests across the nation in 2014 and supporters of other Democratic candidates in the 2016 California Senate race, such as Atty. Gen. Kamala Harris.
Steyer, a former hedge-fund manager from the Bay Area who spent more than $74 million of his own money trying to make climate change a top issue and elect Democrats in 2014, has confirmed that he is weighing a Senate bid, but it's unclear when he will make a decision.
"I haven't made a decision yet," he said in an interview with the Times published Tuesday. "Either way, I'll be working full time to be part of the solution to the problems I care the most about."
Steyer's wealth is an enormous advantage in a potential run – he can easily fund his own campaign in California, an expensive undertaking. But the state's voters have not looked kindly on millionaires and billionaires who have never held elected office and spent large chunks of their fortunes seeking top posts – see the failed efforts of former business executives including Whitman, Carly Fiorina, Al Checchi and Michael Huffington.
Steyer also faces challenges with his business background. He left Farallon Capital Management, the hedge fund he ran, in 2012, saying he wanted to focus his work on alternative energy. As he became increasingly engaged in politics, his business record has come under growing scrutiny.
News reports detailed his longtime investments in coal and other fossil fuels, for example, and the slow pace at which he shed some of those investments. All of this would likely be mined by Stutzman's anti-Steyer effort.
Follow @LATSeema for political news.
seema.mehta@latimes.com
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