You just nailed it. That it is the virtue signaling politics of San Francisco. The policymakers in California are only interested in exploiting politics to posture for purposes of self-esteem, branding, status and tribalism.

It reminds me of Marc Andreesen who penned the article "IT’S TIME TO BUILD" while living in the most anti-building neighborhood in the whole Bay area, full of billionaire's called Atherton.

https://future.a16z.com/podcasts/its-time-to-build/