Billionaire environmental activist Tom Steyer announces run for California governor

Steyer, who ran to be Democratic presidential nominee in 2020, joins crowded field seeking to replace Gavin Newsom

Tom Steyer, the billionaire environmental activist who unsuccessfully sought the Democratic nomination for president in 2020, will run for California governor, he announced on Wednesday.

The 68-year old joins a crowded field of candidates seeking to replace Gavin Newsom, and in a statement released this week pledged to focus on the state's intractable affordability crisis.