An anti-oil California billionaire poured half a million dollars into one of Oakland Mayor Libby Schaaf's favorite educational programs shortly before the city announced lawsuits against energy companies, according to documents The Daily Caller News Foundation obtained.
Tom Steyer provided Schaaf with a $500,000 donation to Oakland Promise Generation Fund and Children's Initiative, a project the mayor uses to provide financial assistance to low-income students. TheDCNF's documents also appear to show Steyer and Schaaf meeting less than a year later to discuss a “time sensitive” issue that coincided with the mayor's decision to sue energy companies.
The Beneficial State Bank, a California bank Steyer founded to fund local businesses with limited access to financial loans, holds all the money for the program, including the sizeable donation that Steyer and his wife Kat Taylor gave to Schaaf's project. The documents show officials in the mayor's office organizing the nuts and bolts undergirding the monetary gift.