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August 18, 2015

California State Assembly
Sacramento, CA 95814
 
Re: SB 350, SB 32, SB 367 and SB 471  – Support
 
Dear Assembly Members:

On behalf of Environmental Entrepreneurs (E2), we are writing to support SB 350, SB 32, SB 367 and SB 471. E2 supports this particular set of bills as they are each central to our mission: finding innovative ways to grow our economy and strengthen our environment.
 
Collectively, these bills will protect and grow California’s cleantech market share, provide a first step to address the nexus between water and energy, and grow our sustainable agricultural community. Our comments specific to each of these bills follows.
 
E2 is a non-partisan, national community of business leaders who promote strong environmental policy to grow the economy. In California, we are entrepreneurs, investors, and professionals from every sector of the economy who collectively have been involved in financing, creating or working in the early development of 1,300 companies, which have created over 450,000 jobs. Our members manage nearly $110 billion in private equity capital that will flow over the next several years into new companies.
 
SB 32 and SB 350: In the nine years since AB 32 was voted into law, California has achieved much to be proud of. We have now had eleven successful Cap and Trade auctions, with credit trading at low prices. Californians are now receiving a “climate credit” on their energy utility bills twice per year, at about $35 per household. This, coupled with energy efficiency measures and lowered climate impacts have resulted in a net gain to Californians’ pocketbooks. Other countries and jurisdictions, including China, Mexico, Quebec and Ontario, are modeling their policies on California’s successful carbon market. 
 
The impact of AB 32 on clean energy innovation is now known. California is considered “the epicenter of the U.S. cleantech market.” In 2013, the state dominated every cleantech index category, including clean electricity generation, electric/hybrid vehicle adoption, green buildings,, solar power capacity, and venture capital.[1] Clean energy companies are bringing significant capital into our state. Between 2006 and 2012, California clean-tech companies received the most venture capital of any state — both by number of deals and total dollars raised. California companies received 40 percent of all dollars that have flowed into categories related to our cleantech market.[2]
 
Clean technologies are not just attracting investment and innovation – they are creating jobs. E2 tracks clean energy job announcements through its quarterly Clean Energy Jobs report. In 2014, more than 7,000 new clean energy jobs were announced by companies across California.
 
To build on the success of the cleantech markets that California has started through our climate policies, SB 32 and SB 350 will keep our state striving towards ever-greater energy efficiency – making the most out of every unit of energy. In the wake of the federal Clean Power Plan finalized rule, our cleantech businesses will have expanded national markets, and these policies will position California businesses to continue to provide climate solutions as other states adopt climate and energy goals.
 
SB 367: This bill provides a path for California’s agricultural community to receive credit for low carbon, sustainable farm practices. E2 has long supported policies that grow clean energy industries for California including in the agricultural sector.  Farmers are key players in developing biomass for alternative fuels as well as generating renewable energy on the farm and deploying water efficiency technologies. As business leaders we know that California’s resources will need to stretch farther to meet the needs of a growing population, while reducing emissions and saving enough water for other sectors to thrive. Soil health can reduce the need for fertilizer applications and better retain moisture, a critical quality during times of extreme drought. Better financing can encourage more water efficient irrigation techniques, reducing reliance on groundwater supplies and saving energy from water transport. Encouraging sustainable agricultural practices allows our farmers to be more resilient against weather extremes, have healthier margins, and reduce their carbon impact. For these reasons we believe resource-efficient farming is the underpinning of a healthy California economy. 
 
 
SB 471: We know conserving water and reducing energy waste is good for our economy and good for our environment. We can use the state’s energy reduction measures to save electricity – and save water.
 
Senate Bill 471 calls for some of our state’s energy efficiency to be derived from water savings. This bill could not come at a more critical time for our state’s overly taxed water resources. Support for this bill will allow new water efficiency projects to qualify for special financing. We have seen that there are significant innovations taking place by water entrepreneurs, but unlike the energy markets, there is not sufficient price incentive for their products to achieve critical market penetration. SB 471 creates  new economic opportunities for water entrepreneurs by providing a policy signal that encourages the commercialization of their products.
 
As business leaders, we strongly support SB 350, 32, 367 and 471.. E2 members have deep experience in industries that have seen economic growth paired with environmentally sustainable practices and policies. In each of these bills, we see groundbreaking leadership and economic potential. We appreciate your consideration and support.
 

Dan Abrams
President/CEO, Wynkoop Properties
Diane Bailey
Executive Director, MenloSpark
Caroline Bauhaus
Education Consultant, Equity & Access
Mark Bauhaus
Partner, Just Business
Ed Beardsworth
Principal, Energy Technology Advisors
Fiona Bensen
Laura Berland
Greenlots - electric vehicle charging
Tony Bernhardt, PhD
Northern California Director, Environmental Entrepreneurs
Marcella Bernstein
Stuart Bernstein
Founding Member, Sustainable Capital LLC
Larry Birenbaum
Former SVP, Cisco Systems
Maureen Blanc
Director, CHARGE ACROSS TOWN
David Bowen
Consultant
Eric Bowen
Vice President, Corporate Business Development & Legal Affairs, Renewable Energy Group
George Brandt
Reid Buckley
Partner, Orion Renewable Energy Group
Barbara Brenner Buder
Hamilton Candee
Partner, Altshuler Berzon LLP
Steve Chadima
Senior Vice President, Communications & Director of California Initiatives, AEE Advanced Energy Economy
Roger Choplin
Proprietor / Owner, Our Earth Music, Inc.
Diane Christensen
President, Manzanita Management Corp
Catherine Crystal Foster
Mary Ann Cusenza
Independent Consultant for high tech and cleantech companies
Jayne Davis
Peter Davis
Retired Attorney
Rick DeGolia
Executive Chairman, Cimbal, Inc
Andrew Deitz
CEO, Verdical
Michael Delapa
DeLapa Consulting
Anne Delehunt
Marketing Consultant, Delehunt-Ricketts
Harry Dennis
Susan Dennis
Fine Arts Advisor
Ted Driscoll
Partner, Digital Healthcare Lead, Claremont Creek Ventures
Patricia Durham
Rob Erlichman
Founder & President, Sunlight Electric, LLC
Homeyra Eshaghi
Graphic Designer, Khosh Design
Lynn Feintech
Nancy Floyd
Founder and Managing Director, Nth Power
Jon Foster
Chief Financial Officer, Zoox
Karen Francis
CEO, Academix Direct, Inc
Bonnie Gemmell
CEO, Spicer Bags
Rob Gemmell
Co-Founder, AlikeList
Tushar Gheewala
CEO & Chairman, Inventions Outsource
Nancy Gail Goebner
Owner, Gardenpeach Place
Wes Goldstein
Senior Partner, Hobbs & Towne, Inc.
Lorena Gonda Kiralla
Allen Greenfield
Marianna Grossman
Founder and Managing Partner, Minerva Ventures
Doug Hammer
Mike Hart
CEO, Sierra Energy
Paula Hawthorn, PhD
Carol Hazenfield
Communications Coach
Sheryl Heckmann
Ward Hendon
Business Advisor, Independent Consultant
Shiela Hingorani
First Vice President, Morgan Stanley
Michele Hugin
Wendy James
President, Better World Group
Leigh Johnson
Director of Programs, Stanford Precourt Institute for Energy
Roy Johnson
Member Board of Trustees, TheatreWorks
Charlene Kabcenell
Former Vice President, Oracle Corporation
Derry Kabcenell
Former Executive Vice President, Oracle Corporation
Maggie Kaplan
Founder and Executive Director, Invoking the Pause
Holly Kaufman
CEO, Environment & Enterprise Strategies
Arthur Keller
Managing Partner, Minerva Consulting
Steven Kiralla
Charles Knowles
Executive Director, Wildlife Conservation Network
Stephanie Knowles
Chip Krauskopf
VP Business Development, Aditazz
Sue Learned-Driscoll
Administrator, Stanford University
Nicole Lederer
Chair and Co-Founder, Environmental Entrepreneurs
Waidy Lee
Advisory Board Member, Sustainable Silicon Valley
Teresa Luchsinger
Tracy Lyons
Steve MacKay
Principal, Scourie Network Partners
Drew Maran
President, Drew Maran Construction, Inc.
Nancy McCarter-Zorner
Plant Pathologist
Lisa Mihaly
Kate Mitchell
Co-Founder and Partner, Scale Venture Partners
Wes Mitchell
Board Member, Foto Forum, SFMOMA
Carol Moné
Producer, Our Earth Productions
John Montgomery
President, Lex Ultima
Barry Nelson
Western Water Strategies
Carl Nettleton
President, Nettleton Strategies LLC
Armand Neukermans
Founder, Xros
Eliane Neukermans
Tori Nourafchan
Graham Noyes
Managing Attorney, Noyes Law Corporation
Anne O'Grady
Standish O'Grady
Managing Director, Granite Ventures, LLC
Larry Orr
General Partner, Trinity Ventures
Lyn Oswald
Jim Panttaja
R&D Advisor, Conversa Health
Mary Panttaja
Vice President, Product Management, RebelVox
Neela Patel
Executive Director of Business Engagement, Seattle Genetics
Jean Pierret
Christopher Pribe
Jennifer Regan
Principal and Chief Sustainability Officer, We Bring It On Inc
Erin Reiling
Kinkead Reiling
Founder and CEO, Bonneville Labs
Grant Ricketts
CEO and Co-Founder, Tripos Software, Inc.
David Rosenheim
Founder and CEO, JobsWithImpact
Jackie Rosenheim
David Rosenstein
President, Intex Solutions
Paul Salinger
VP, Marketing, Oracle
Eric Schmidt
Executive Chairman, Google
Wendy Schmidt
Founder, The 11th Hour Project
David Schwartz
Lauren Scott
Paul B. Scott
Vice President, Advanced Technologies, Transportation Power Inc
Carol Sethi
Patient's Administration, Valley Medical Center, San Jose
Kuldip Sethi
CEO, SV Greentech Corp.
Tim Sexton
Principal, Make Good Group
Reid Shane
Rebecca Shaw
World Wildlife Fund
Laura Shenkar
Principal, Artemis Water Strategy
Barbara Simons
Research Staff Member, Retired, IBM Research
Jon Slangerup
Chairman and CEO, American Global Logistics
Sandra Slater
Owner, Sandra Slater Environments
Ed Supplee
Former CFO, UTStarcom
Sally Supplee
Former Chief Financial Officer
Todd Thorner
CEO / Founder, JTN Energy
Cariad Thronson
CEO, Forefront Communications
Robert Thronson
VP Business Development, Vigilent
Craig Tighe
Attorney, DLA Piper LLP (US)
Mike Ubell
Architect
Bill Unger
Partner Emeritus, Mayfield Fund
Mark Vander Ploeg
Retired, Investment Banker
Aino Vieira da Rosa
Architect, Aino Maria Vieira Da Rosa, AIA
Bill Weihl
Principal, Weihl Consulting
Dave Welch
President, Infinera Corporation
Heidi Welch
Tonia Wisman
Gary Wolff
Founder, 3E Engineering
Carroll Yandell
George Yandell
Director of Real Estate, Nature Conservancy
Mary M. Yang
Former Biotech Co-Founder & President
Daniel Yost
Partner, Orrick, Herrington & Sutcliffe LLP
Stephanie Yulga Deitz
Head of Lower School, Marin Country Day School
Margaret Zankel
Martin Zankel
Emeritus Chairman, BartkoZankel
Paul Zorner
Locus Solutions

140 members

 


[1] http://cleanedge.com/sites/default/files/CTLI-2013-Report.pdf


[2] “Global Clean Technology Investment Totals $6.46B in 2012,” Cleantech Group LLC, January 2013. http://www.cleantech.com/2013/01/03/global-clean-technology-venture-investment-totals-6-45b-in-2012-cleantech-groups-quarterly-investment- monitor-shows-venture-investment-down-33-by-investment-total-15-by-deal-count-from-2011/ 


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