As Al Gore gave an impassioned speech about global warming at a sun-bathed downtown Berkeley park recently, Stephen Bing stood a few hundred feet behind the former vice president, away from the stage and the crowds, under the shadow of large pine trees.Steve Bing likes to spend money to make you give up more money.Thanks Steve.
In fact, hardly anyone even noticed the salt-and-pepper-haired Bing, a Hollywood producer who has become the main force behind Proposition 87, a statewide initiative that seeks to raise $4 billion in oil production tax to help develop alternative fuels.
Bing, 41, so far has dropped $49.6 million of his personal funds to help fend off an immense media campaign led by big oil companies to defeat the measure. The opposition has raised $90 million, and Yes on 87 has raised $57 million, but no other single individual or company on either side has contributed more than Bing. Chevron Corp. comes in second at $34 million.
Tuesday, October 31, 2006
Filmmaker a big donor behind the scenes Stephen Bing spends $49.6 million backing oil tax proposition
The San Francisco Chronicle reports: