Xavier Becerra's growing momentum in California’s gubernatorial race has attracted significant financial support from major fossil fuel corporations and influential business groups. This influx of money reflects the high stakes involved in shaping the state's climate and energy policies under the next governor.
Pro-Becerra committees have recently received hefty contributions from diverse corporate donors, including $500,000 from McDonald’s and nearly $1 million from Meta, alongside millions from real estate interests, medical associations, and tribal entities. Energy companies have also stepped up their funding as Becerra’s polling numbers improve ahead of the primary election.
Tom Steyer, a longtime climate activist and Becerra’s Democratic rival, has highlighted Chevron’s financial backing of these efforts. Chevron donated $500,000 to a committee supporting Becerra, in addition to a previous contribution directly to Becerra’s campaign. Meanwhile, committees opposing Steyer have raised tens of millions, with substantial funds coming from Pacific Gas and Electric (PG&E), the electrical workers’ union, and other energy giants including Sempra Energy and Edison.
Recent polls show Becerra leading the Democratic field, closely followed by Steyer and Republican contender Steve Hilton. This competitive race is especially critical because the California governor wields considerable influence over policies related to oil drilling, utility regulation, and clean energy investment.
The massive cash flow from fossil fuel interests underscores the conflict between maintaining traditional energy sources and accelerating California’s transition to renewable power. These industries’ involvement has direct consequences: extraction and fossil fuel use contribute to severe climate events, pollution-related health issues, and sustained high energy costs for residents.
Steyer has consistently emphasized the dangers posed by fossil fuel industry influence in state politics, promising to reject their financial support and prioritize aggressive climate action. The ongoing infusion of corporate money into Becerra’s campaign illustrates the economic and political challenges facing California’s efforts to expand clean energy and reform utilities.