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By Alexa Bluth
Prop 39 Backer Tom Steyer to Speak at Democratic National Convention
California businessman and professional investor Tom Steyer is scheduled to take the stage at the Democratic National Convention Wednesday to speak about clean and sustainable energy's role in our national and global economies. The speech will be streamed live at DemConvention.com and is scheduled for approximately 6:20 p.m. ET/3:20 p.m. PT (the schedule is subject to change). Also providing live coverage of the convention: CSPAN athttp://www.c-span.org/DNC/ and NBC Bay Area at http://www.nbcbayarea.com/news/election-2012/bayarea-election-2012.html.
Steyer, a delegate to the Democratic National Conventions in 2004 and 2008, is dedicated to efforts to restore trust in government, while equipping our nation's public and private sectors to lead in what he calls the "Advanced Energy Economy." He is championing Proposition 39, a California ballot measure seeking to close a tax loophole for out-of-state corporations and create jobs in California.
This year's convention theme focuses on the economy, and Steyer will speak about the enormous economic opportunities provided by a thriving Advanced Energy Economy. Steyer's remarks will be made available immediately after he speaks.
Steyer is the founder and co-managing partner of Farallon Capital Management, one of the country's most successful investment firms. Steyer and his wife, Kat Taylor, joined Warren Buffett, Bill and Melinda Gates and other high-wealth Americans in the "Giving Pledge," a promise to donate the majority of their wealth to charitable and nonprofit activities during their lifetimes. Steyer has created a number of highly influential nonprofits including Advanced Energy Economy and the Center for the Next Generation.
Proposition 39 is Steyer's second major statewide ballot effort. In 2010, he teamed with former Secretary of State George Shultz to defeat California's Proposition 23, a multimillion-dollar effort by out-of-state oil companies to dismantle California's groundbreaking clean energy law, AB 32.
California's Proposition 39 - opposed by big oil, anti-labor and other corporate interests seeking to protect their bottom line at California's expense - will close an unfair tax loophole for out-of-state corporations, provide funding for job-creating clean energy and energy efficiency projects and put more money in the state's general fund for schools and to help balance the budget.
View a clip of Steyer discussing taking on Big Oil on Current TV's Gavin Newsom Show:
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