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August 8, 2016

Dear Assembly Members:

As members, partners and affiliates of Environmental Entrepreneurs (E2), we are writing in support of SB 32, State Targets for Climate Pollution.  This bill extends the California Global Warming Law (AB 32), which has made California the global leader of the clean energy economy. Businesses and investors need the market certainty that a new climate target will create, and we need it this year to avoid disruption of the economic growth and job creation in this sector that California has enjoyed as a result of our climate policies.
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.
In the 10 years since AB 32 was voted into law, California’s clean energy economy has grown faster than any other state in the country and has attracted $27 billion in private equity capital, funding cleantech companies that have created over 500,000 California jobs. E2 tracks clean energy job announcements through its quarterly Clean Energy Jobs report. In 2015, nearly 9,000 new clean energy jobs were announced by companies across California.

Beyond this economic growth and job creation, Californians are now receiving a “climate credit” on their energy utility bills twice per year, at about $35 per household.  Coupled with energy efficiency measures and lowered climate impacts, AB 32 has resulted in a net gain to Californians’ pocketbooks. Economic indicators rank California among the most efficient and least carbon-intensive economies in the world.[i]
The impact of AB 32 on clean energy innovation is now known. In 2015, California cleantech companies received $9.8 billion dollars in venture capital investment – 68% of the investments nationally. The state dominates U.S. clean technology patents, with clean transportation rising as the hottest investment sector. California companies in the national Clean Energy Index have added employees at four times the rate of other U.S-based companies listed in the index. 
By extending the carbon reduction targets of AB 32 and building on the success of the cleantech markets that California has pioneered, SB 32 will keep our state striving towards ever-greater energy efficiency and renewable generation sources – making the most out of every kilowatt and expanding energy options and access.  SB 32 also makes California businesses more competitive in the U.S. and abroad: the federal Clean Power Plan provides California cleantech businesses with expanded national markets, and the Paris International Climate Agreement positions California businesses as providers of global solutions to countries striving to achieve their own climate and clean energy goals.
It is also crucial to support the state’s low carbon fuel standard as a critical means to meet our future climate targets and reduce the emissions of the transportation sector, which is the largest source of our emissions (37%). Meeting our overall climate targets will require continued innovation and investment in our state’s mobility. The Low Carbon Fuel Standard remains an effective, technology-neutral program that will spur innovation, provide cost-effective carbon reductions, and will save consumers money by exerting downward pressure on transportation fuel/energy costs by diversifying supply.
As California business leaders we strongly urge you to support SB 32 and extend the momentum of investment and innovation in the cleantech sector. To do otherwise would be to jeopardize a major engine of economic growth in our state, and diminish our stature as a global provider of climate solution technologies.


Dan Abrams
President/CEO, Wynkoop Properties
Fannie Allen
Owner, MFA Designs
Diane Bailey
Executive Director, MenloSpark
Meera Balakumar
Founder, CEO, Sterlinks
Jay Baldwin
President, Wind River Capital Partners, LLC
Stephanie Batchelor
State & International Director, Biotechnology Innovation Organization
Caroline Bauhaus
Education Consultant, Equity & Access
Mark Bauhaus
Principal & Founder, Bauhaus Productions Consulting
Fiona Bensen
Yoga Teacher, Standford University
Laura Berland
Vice President, Government Affairs, Blue Planet Systems Corp.
Marcella Bernstein
Stuart Bernstein
Founding Member, Sustainable Capital LLC
Larry Birenbaum
Partner, LAD Climate Fund
Maureen Blanc
Director, Charge Across Town
Wes Bolsen
Head of Global BD & External Affairs, Cool Planet
Rebecca Boudreaux
President & Board Director , Oberon Fuels
David Bowen
Software Engineer, Google
Eric Bowen
General Counsel and head of Corporate Strategy, Renewable Energy Group
Reid Buckley
Partner, Orion Renewable Energy Group
Barbara Brenner Buder
VP of Finance & Administration, San Francisco Theological Seminary
Selcuk Cakir
Managing Partner, Ethos Capital
Matt Carr
Executive Director, Algae Biomass Organization
Peter Carson
Partner, Sheppard Mullin Hampton & Richter LLP
Priscilla Carson
Jennifer Case
Chair, California Biodiesel Alliance
John Cheney
CEO, Silverado Power LLC
Stacie Cheng
Director of Business Strategy and Operations, Dell
Nancy Clark
George Cogan
Partner, Bain & Company, Inc.
Tom Cole
Venture Partner, TransLink Capital
Stephen Colwell
Executive Director, Philanthropy Associates
Christine Comaford
Leadership Coach, Novus Ventures
Holly Corn
Holly Corn, MD, Children's Hospital Los Angeles
Catherine Crystal Foster
Mark Cunningham
Sales Engineer, Estimator, IL Mechanical
Mary Ann Cusenza
Independent Consultant for high tech and cleantech companies
Jayne Davis
Peter Davis
Retired Attorney
Peter Day
Policy Researcher, Lyft
Rick DeGolia
Chairman of the Board, Peninsula Clean Energy
Andrew Deitz
CEO, Verdical
Dayne Delahoussaye
Michael Delapa
DeLapa Consulting
Elizabeth Dreicer
Co-Founder & CEO, KUITY Corp.
Ted Driscoll
Managing Partner, DigitalDx Ventures
Patricia Durham
Rob Elam
CEO, Propel Fuels
Todd Ellis
Director Regional Sales, REG Marketing & Logistics Group, LLC.
Bob Epstein
Director / Co-Founder, Sybase, New Resource Bank, Environmental Entrepreneurs
Christina Erickson
Managing Director, WONDROS
Anne Feldhusen
Principal Consultant, Green Business Technology Marketing
Lisa Forssell
Producer, Design Group, Apple
Jon Foster
Chief Financial Officer, Nauto
Karen Francis
Board Member, Telenav
Nancy Gail Goebner
Owner, Gardenpeach Place
Ken Goldsholl
CEO, x.o.ware, Inc.
Nancy Goldsholl
Dan Goodwin
Vice President of Aerospace/Defense Sales, BOYD Corporation
Marianna Grossman
Founder and Managing Partner, Minerva Ventures
Doug Hammer
Matt Hart
Mike Hart
CEO, Sierra Energy
Tommy Hayes
Senior Manager, Policy Partnerships, Lyft
Carol Hazenfield
Owner, Persuasive Speaking
Ward Hendon
Managing Partner, Dangerous Ventures
Gail Herson
Herson-Stirman Family Fdn.
David Hertz
Architect, Studio of Environmental Architecture
Alan Herzig
Independent Director
James Higgins
Partner, Lakeside Enterprises
Jill Tate Higgins
Investor, Director, gDiapers
Shiela Hingorani
First Vice President, Morgan Stanley
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
Jonathan Kaufelt
Private Investor; Former Attorney, ClientEarth
Bob Keefe
E2 Executive Director
Arthur Keller
Managing Partner, Minerva Consulting
Steven Kiralla
Eco Dad, Kids in the House
Virginia Klausmeier
CEO, Sylvatex
Judy Klein
Charly Kleissner
Co-Founder & Investor, KL Felicitas Foundation
Lisa Kleissner
Co-Founder, KL Felicitas Foundation
Ted Kniesche
Managing Partner, Green Development Capital
Charles Knowles
Executive Director, Wildlife Conservation Network
Stephanie Knowles
Chip Krauskopf
VP Business Development, Aditazz
Gina Lambright
Managing Partner, TOZ Consulting
Sue Learned-Driscoll
Administrator, Stanford University
Nicole Lederer
Chair and Co-Founder, Environmental Entrepreneurs
Rebecca Lee
Waidy Lee
Advisory Board Member, Sustainable Silicon Valley
Sam Leichman
Director of Finance, Propeller Industries
Russ Lester
Owner, Dixon Ridge Farms
Tracy Lyons
Steve MacKay
Principal, Scourie Network Partners
Joe Madden
CEO, Xpansiv CBL Holding Group
Raffi Madirosian
Lisa Mihaly
Brenden Millstein
CEO, Carbon Lighthouse
Kate Mitchell
Co-Founder and Partner, Scale Venture Partners
Wes Mitchell
Board Member, Foto Forum, SFMOMA
Lisa Mortenson
Co-Founder, Chief Executive Officer, American Biodiesel, Inc. dba Community Fuels
Gib Myers
Partner Emeritus, Mayfield Fund and Founder/board of the Entrepreneurs Foundation
Susan Myers
Shelby Neal
Director of Governmental Affairs, National Biodiesel Board
Carl Nettleton
President, Nettleton Strategies LLC
Armand Neukermans
CEO, Adagio
Eliane Neukermans
Rita Norton
Managing Director
Tori Nourafchan
Graham Noyes
Managing Attorney, Noyes Law Corporation
Anne O'Grady
Standish O'Grady
Director of Board of Directors, Smule, Inc.
Genny Orr
Larry Orr
General Partner, Trinity Ventures
Jack Oswald
CEO, SynGest Inc.
Lyn Oswald
Barbara Page
Co-Founder, Anthropocene Institute, LLC
Neela Patel
Executive Director of Business Engagement, Seattle Genetics
Christopher Pribe
Mark Randall
President/CEO, T2 Energy
Kevin Refoua
Co-Founder and CEO, ReGreen Inc.
Erin Reiling
Kinkead Reiling
Bonneville Labs, Bonneville Labs
Jamie Rhodes
Trestle Energy
Heather Richman
Josh Richman
Vice President of Business Development and Government Affairs, Bloom Energy
Pete Rocha
Senior Manager, Biodiesel Sales & Business Development, REG - Renewable Energy Group
James Rogers
Senior Sustainability Manager, The North Face
David Rosenheim
Partner, Align Coaching
Jackie Rosenheim
David Rosenstein
President, Intex Solutions
Amy Roth
Paul Salinger
VP, Marketing, Oracle
Lyle Schlyer
President, Calgren Renewable Fuels
Eric Schmidt
Executive Chairman, Google
Wendy Schmidt
Founder, The 11th Hour Project
Thomas Schumann
Thomas Schumann Capital LLC
Andrew Schwarz
Dept of Water Resources
Lauren Scott
Paul Scott
Vice President, Advanced Technologies, Transportation Power Inc
Anneke Seley
Cynthia Sexton
Tim Sexton
Principal, Make Good Group
Laura Shenkar
CEO, Lifestock, Inc.
Ann Shulman
President, Philanthropy Associates, Inc.
Barbara Simons
Research Staff Member, Retired, IBM Research
Harry Simpson
President, Crimson Renewable Energy
Jon Slangerup
Industrial Advisor, EQT Group
Sandra Slater
Director, Northern California, Cool City Challenge
Mary Solecki
Partner, AJW, Inc.
Joy Sterling
Emma Stewart
Sustainability Officer, Netflix
Russ Teall
President and Founder, Biodico
Sven Thesen
Founder & CEO, BeniSol Solar, ProjectGreenHome.org
Todd Thorner
CEO / Founder, JTN Energy
Cariad Thronson
CEO, Forefront Marketing & Communications
Robert Thronson
VP Marketing & Business Development, Vigilent
Christopher Tilley
COEO & President, ENGIE Storage
Sharon Tilley
Director of Product Management, Fair Isaac & Co
Bill Unger
Board Member & DAdvisor, Not for Profits and For Profit Tech Companies
Lorna Vander Ploeg
Mark Vander Ploeg
Senior Managing Director - Retired, Evercore Partners
Christina Walker
Nurse Practioner, Marin General Hospital
Lisa Wan
Mark Wan
Founding Partner, Three Arch Partners
Bill Weihl
Founder and Executive Director, ClimateVoice
Dave Welch
President, Infinera Corporation
Heidi Welch
Philip Winter
CoFounder & CEO, NEBIA
Curtis Wright
Division Manager, Imperial Western Products
Carroll Yandell
George Yandell
SFO, Aukum Management
Mary M. Yang
Former Biotech Co-Founder
Stephanie Yulga Deitz
Head of Lower School, Marin Country Day School

176 members


[i] http://www.next10.org/sites/next10.huang.radicaldesigns.org/files/2016-california-green-innovation-index.pdf
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