The Honorable Andrew M. Cuomo
Governor of New York State
NYS State Capitol Building
Albany, NY 12224

Dear Governor Cuomo:
 
As members and supporters of E2 (Environmental Entrepreneurs) we are writing to urge you to support a Low Carbon Fuel Standard, such as is proposed by A.5262-A (Woerner)/S.4003-A (Parker).  E2 is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital.
 
A Low Carbon Fuel Standard (LCFS) is a technology-neutral, performance-based standard that requires fuel manufacturers and importers to reduce the greenhouse gas emissions associated with the fuels they make and sell.
 
As we face an unprecedented health and budget crisis, an LCFS would allow New York to improve air quality and clean up the transportation sector at no cost to the state or taxpayers.
 
Adopting an LCFS in New York would stimulate economic growth and incentivize a new market of domestically produced, price-competitive decarbonized fuels. Revenues generated through an LCFS would advance technologies and innovative business models that foster growth in new local industries and could support employee benefits like workplace charging and EV incentives, while also providing a healthier work experience for medium and heavy-duty vehicle operators, on and off the road.
 
An LCFS is a critical tool in reducing criteria pollutants in our air which contribute to significant public health issues, including asthma and other respiratory and cardiovascular diseases that are linked to more severe cases of coronavirus. According to the American Lung Association’s annual State of the Air Report, more than 50 percent of New Yorkers live in areas with failing air quality and the greater New York City metropolitan region is consistently ranked in the top 10 cities with the worst air quality in the country.
 
Transportation is New York’s largest source of GHG emissions—approximately 35 percent and growing. Cars and trucks, which rely overwhelmingly on petroleum-based fuels, represent a significant portion of New York’s harmful air pollution. By requiring high polluting transportation fuel providers to purchase credits from low carbon fuel suppliers, the state can reduce greenhouse gas emissions and improve air quality, while creating in-state jobs, supporting regional economic development and reducing out-of-state payments.
 
By encouraging investment in the clean fuels market, the LCFS also has the potential to spur economic growth across New York. There is immense economic potential for the production and use of low carbon fuels in New York, from jobs to expand the electric vehicle network to converting sewage, farm and food waste to clean, renewable fuels. In California, 38,000 jobs have been created to date as a result of the LCFS.
 
I encourage you to show your support for the low carbon fuel standard, by supporting [A.5262-A (Woerner)/S.4003-A (Parker)]. This policy is a proven solution to reduce transportation emissions in New York, improve air quality and drive investment into new industries.
 
Sincerely,