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California Candidate Offers Donors Money-Back Guarantee

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California Candidate Offers Donors Money-Back Guarantee


Matt Mahan wants money to burn.
Photo: Casey Flanigan/Sipa USA/AP Photo

Finding new ways to raise money for political campaigns is a big cottage industry, particularly in California with its 14 expensive media markets. Now a novel wrinkle is being deployed by gubernatorial candidate and San Jose mayor Matt Mahan, as the New York Times explains:

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Two months ago, Silicon Valley could not have been more agog about Matt Mahan, the moderate Democrat who had just entered the California governor’s race as a tech industry ally opposed to a billionaires’ tax …

Mr. Mahan quickly raised millions, including contributions from Sergey Brin, the Google co-founder. But he has struggled to gain traction among voters. Now, with the June primary fast approaching, Mr. Mahan’s supporters have concocted a rather unusual campaign-finance strategy.

The pitch: Help us raise $35 million by April 17, and you’ll get your money back if we fall short.

No, donors aren’t being promised a win or a refund. But they will get their money back if Mahan doesn’t raise enough money to become viable in the home stretch before mail ballots start being cast in early May (the end of the all-by-mail primary is June 3, the date by which those ballots must be postmarked). The conditional nature of these donations, moreover, means they will be anonymous until such time as Team Mahan hits the target and the money is transferred into an official campaign account. It provides a nice hedging device for big-money folk nervous about the fragile shape of the ten-candidate field that is vying for two general-election slots. And the cup-rattling is off to a pretty good start, says the Times:

The campaign is organized by David Crane, an influential California political fixer whose advocacy group, Govern for California, is popular among tech executives. Mr. Crane has told people in recent days that the group’s “escrow” account has $13.5 million so far with $5 million more in the pipeline, according to communications The Times reviewed. Donors pitching it include Michael Moritz, a billionaire venture capitalist and one of Mr. Mahan’s biggest supporters, and Blake Byers, a tech executive and investor.

Mahan’s money hustlers are his campaign’s strength and also one of his weaknesses. California progressives are intensely suspicious of the Silicon Valley bros who have been moving rapidly to the right in the last few years. Some have joined hands with Donald Trump and others have gravitated to “Abundance” Democrats, like Mahan, who have little tolerance for his party’s interest-and-constituency-group “base” and its policy preferences. If Mahan’s campaign did take off, it might stimulate a consolidation of support behind one of the more progressive candidates (probably Eric Swalwell, Katie Porter, or Tom Steyer). That’s particularly true now that Trump’s endorsement of Republican Steve Hilton has likely limited the number of Democratic participants in the general election to one.

For the moment, any Mahan surge is hypothetical. His late entry into the race at the end of January means he wasn’t even being included in early polls. The one public poll where he does appear, a March 15 survey from Berkeley IGS, showed him tied for seventh place at 4 percent. Yes, he needs money to catch up, but he also needs a compelling message that goes beyond “lefties hate me!” Said lefties would undoubtedly shrug and support Mahan if he is in a general election with Hilton. But they have plenty of other options — at least one of whom, Steyer, has more money to burn than Mahan can ever raise — before it comes to that.

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Steve Hilton on His Surprisingly Strong Bid for California Governor

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Steve Hilton on His Surprisingly Strong Bid for California Governor


It’s been quite the unexpected slog through a field of candidates so numerous that all of their names don’t even fit on a single page of the ballot. Democrats in California have held the governor’s mansion, state House, and state Senate for almost two decades and unrest about that trifecta out West is real. The traditional political alliances are frayed, at best, with socialists backing a billionaire and Trump supporting an immigrant. A sex scandal tanked the hopes of a leading candidate, Rep. Eric Swalwell, and Trump’s endorsement of Hilton all but sidelined tough-on-crime Riverside Sheriff Chad Bianco. It’s why Hilton, who moved to California in 2012, is in the mix in a race that is set to test assumptions about party loyalty, candidate partisanship, and money’s power. And it carries massive consequences about who will be the de facto CEO of the fourth-largest economy on the planet, between Germany and Japan, and a major player on the national political stage. This is not some backwater local election.



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California just handed oil companies billions in free pollution permits

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California just handed oil companies billions in free pollution permits


By Alejandro Lazo, CalMatters

This story was originally published by CalMatters. Sign up for their newsletters.

California air regulators on Friday approved a contentious overhaul of the state’s carbon market, creating a program that could steer billions of dollars in free pollution permits to oil refineries and other major polluters over the objections of environmental groups, key lawmakers and three of the board’s own members.

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Ten members of the California Air Resources Board voted to adopt the changes to its cap-and-invest program after two days of lengthy hearings, including a full day dedicated to hundreds of public comments.

The overhaul followed intensive lobbying by the oil industry as well as pressure from Gov. Gavin Newsom’s administration to help keep refineries operating in the state amid rising gas prices.

The approval sets up a potential budget fight in Sacramento. The Legislative Analyst’s Office projects that quarterly auction revenue for state climate programs will drop from roughly $4 billion a year to about $2 billion under the new overhaul.

Such a shortfall would effectively zero out programs lawmakers spent last year fighting to fund: affordable housing, public transit, drinking water in low-income communities and pollution monitoring in California’s most polluted neighborhoods.

The governor’s office praised the measure as a compromise that balanced economic uncertainty with the state’s climate goals. Refinery closures and the Iran-Israel war have driven average California gas prices above $6 a gallon. 

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Newsom, in a statement, used the moment to draw a contrast with President Donald Trump.

“While Trump sows ongoing chaos and uncertainty, California is staying focused by protecting our economy, safeguarding public health, and doubling down on the clean energy future all Californians deserve,” he said. 

Environmentalists warned the changes to the program amount to a giveaway to the fossil fuel industry that weakens California’s only program setting a firm cap on greenhouse gas emissions.

Katelyn Roedner Sutter, California senior director for the Environmental Defense Fund, called the decision “deeply misguided” for prioritizing polluters over communities.

“Newsom’s air regulators are handing billions to oil executives at the expense of our climate, health, and affordability for working families in a rushed process that has shortchanged meaningful public participation,” said Bahram Fazeli, policy director at Communities for a Better Environment. 

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How the program works — and what changes

California’s 13-year-old carbon market forces major polluters to buy permits while the state lowers the overall cap each year. Friday’s vote will reduce those permits – and creates a new subsidy program carved out of the market.

The program, which may still see changes, could make available a new pool of free pollution permits available to industry valued at as much as $4 billion. Companies that pledge to invest in clean energy and efficiency may qualify for the permits in exchange for investments in clean energy. 

The pool will be capped at 118.3 million permits — the same number the air board has said must come off the market for California to hit its 2030 climate target. Environmentalists say the proposal risks wiping out those reductions. 

Half are reserved for the fossil fuel sector. A recent Berkeley analysis, by the chair of an independent committee that oversees the carbon market, found refineries could end up with more free permits than they need to cover their emissions.

The air board has defended the design. Officials say the credits will go only to companies undertaking decarbonization projects, will be limited and temporary and can be clawed back if companies misuse them. The plan, they say, is meant to keep California refineries operating at a time of mounting closures and global market pressure. According to air regulators, the amended program will spur clean-energy investment as Trump cuts federal support.

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This article was originally published on CalMatters and was republished under the Creative Commons Attribution-NonCommercial-NoDerivatives license.



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Man charged with murder, kidnapping their 5-year-old child before fleeing to Mexico

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Man charged with murder, kidnapping their 5-year-old child before fleeing to Mexico


A 40-year-old Los Angeles man was charged with murder after allegedly killing his girlfriend and kidnapping their young child before fleeing to Mexico, according to authorities.

Ruben Fregosojuarez has been charged one count of murder and one misdemeanor count of child abuse under circumstance or conditions other than great bodily injury or death, according to a Los Angeles County District Attorney’s Office news release. Authorities first identified him as Ruben Fregoso but Los Angeles County prosecutors listed him as Ruben Fregosojuarez.

On Monday around 12:39 p.m., the Los Angeles Police Department conducted a welfare check in the 2600 block of South Alsace Avenue in West Adams, police said in a news release.

Officers found a woman dead inside the home “as a result of violence” and the woman’s daughter missing, police said. On Monday night, the California Highway Patrol issued an Amber Alert for the child, Daleza.

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Photos obtained by NBC4 appear to show Fregosojuarez in a parking garage in San Ysidro with the girl on Sunday. The California Highway Patrol has listed her age as 4 years old but Los Angeles police say the girl is 5. She is also described as the suspect’s daughter.

The alert said that the girl was last seen with Fregosojuarez, who allegedly abducted her in a 2019 Land Rover Discovery, on Sunday at about 4 a.m.

The CHP posted in an update that the vehicle was found but that the child and man were still missing. The girl is described as 3 feet tall, 45 pounds, and having black hair and brown eyes.



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