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www.e2.org
June 8, 2010

Secretary Hillary Clinton
U.S. Department of State
2201 C Street NW
Washington, DC 20520

Dear Secretary Clinton,

As members of Environmental Entrepreneurs (E2), we urge you to suspend the permitting process for the Keystone XL tar sands oil pipeline until the State Department is able to more fully evaluate the economic and environmental impacts of the project and the value of this project to the national interest. Permitting the Keystone XL pipeline is a long-term investment in tar sands oil, one of the most carbon and water intensive fuels available. If constructed this pipeline will undermine the U.S. commitment to a transition to clean, sustainable energy.

E2 represents a national community of 850 business leaders who promote strong environmental policy to grow the economy. We are entrepreneurs, investors and professionals who collectively manage over $82 billion of venture capital and private equity. Our members have started well over 1,100 businesses, which in turn have created over 500,000 jobs. E2’s business leaders work in every sector of the American economy. Whether directly involved in the clean energy industry or in other industry areas, E2 members recognize the benefits to their own businesses and to the American economy as a whole of forward-looking carbon and energy policy.

Financial analysts consider tar sands oil too expensive to compete economically.  Last year Goldman Sachs said that tar sands projects require long-term oil prices greater than $80 per barrel just to break even (Goldman Sachs, Canadian Oil Sands Fieldtrip, 2009). At that price point Deutsch Bank forecasts a permanent shift in consumer demand toward more energy efficient products, concluding that “the value of high [capital expenditure] intensity, long lead time, currently un-developed oil, such as Canadian heavy oil sands… could be far lower than the market currently expects” (Deutsch Bank Global Market Research, The Peak Oil Market: Price Development at the End of the Oil Age, 2009).  Despite the high-costs, energy companies are considering investments of hundreds of billions of dollars in tar sands development over the next 15 years - capital that could be deployed for clean, low-carbon energy projects. Given the costs and liabilities of tar sands oil, we question whether it is in the national economic interest to diverge off the path toward clean energy by committing massive resources to a project that will prolong America’s oil dependence and greatly increase our carbon emissions.

The oil catastrophe in the Gulf clearly illustrates the human and environmental costs of insufficient due diligence or regulatory oversight for energy extraction schemes. Due to requested safety waivers, building the Keystone XL pipeline could expose a vast area of the American heartland, including an important water source on which eight states depend, to the risk of oil leaks and spills. It will continue our dependence on yet another hard to access and risky fossil fuel with high social and economic costs associated with its extraction. Before moving forward we urge you to take a closer look at the liabilities associated with this project than has currently been done in the draft environmental impact statement.

The State Department has committed great time and resources toward establishing America’s leadership on global challenges including clean, low carbon energy.  We urge you to take more time to lead a thorough and high-level inter-agency process to more fully assess the Keystone XL proposal before making its final determination.

Curtis Abbott (California)
CEO, Lucesco Lighting Inc
Maryvonne Abbott (California)
Dan Abrams (California)
President/CEO, Wynkoop Properties
Mario Aieta (New York)
Partner, Satterlee, Stephens, Burke & Burke LLP
Channing Arndt (Colorado)
Sr. Research Fellow, United Nations University
Jay Baldwin (California)
Partner, Wind River Capital Partners, LLC
Frank Balluffi (New Jersey)
Vice President Application Security, Morgan Stanley
Jeff Bennett (Colorado)
Founder, Big Kid Science
Lisa Bennett (Colorado)
Paul Berberian (Colorado)
Founder and Former CEO, Raindance Communications, Inc.
Renee Berberian (Colorado)
Aron Bernstein (Massachusetts)
Professor of Physics, MIT
Larry Birenbaum (California)
Former SVP, Cisco Systems
Maureen Blanc (California)
Director, CHARGE ACROSS TOWN
David Bowen (California)
Consultant
Scott Bryan
COO, Imagine H2O
Barbara Brenner Buder (California)
Marisa Bueno (Montana)
Doctoral Student, Stanford University
Cynthia Cannady (California)
Principal and Founder, IP*SEVA
Bill Capp (Florida)
Founder, Grid Storage Consulting
Jacqueline Capp, DDS (Florida)
Owner, JHC Studio
John Cassidy (California)
Nancy Cassidy (California)
singer/songwriter, Twittertwatter Music
Steve Chadima (California)
Senior Vice President, Communications & Director of California Initiatives, AEE Advanced Energy Economy
John Cheney (California)
CEO, Enera
Roger Choplin (California)
Proprietor / Owner, Our Earth Music, Inc.
Brooke Coleman (Washington)
Assistant Professor, Seattle University Law School
Ann Colley (New York)
Stephen Colwell (California)
Executive Director, Philanthropy Associates
Katie Connor (Colorado)
Program Coordinator, Professional Mentorship Program, Leeds Business School, University of Colorado, Boulder
Tim Connor (Colorado)
Partner, Sequel Venture Partners
Joy Covey (Utah)
President, Beagle Foundation
Catherine Crystal Foster (California)
Jane Cuddehe (New York)
Broker Associate, Coldwell Banker Devonshire
Michael Cuddehe (New York)
Principal, Strategic Global Advisors, LLC
Andrew Currie (Colorado)
Investor, Active Minds LLC
Rick DeGolia (California)
Executive Chairman, Cimbal, Inc
Michael Delapa (California)
DeLapa Consulting
Chris Dennett (Oregon)
Director of Strategy and Integration, The Tofurky Company
Heather Dennett (Oregon)
Kaiser Permanente
Harry Dennis (California)
Peggy Dennis (California)
Reid Dennis (California)
Managing Director, Institutional Venture Partners
Susan Dennis (California)
Fine Arts Advisor
Sally DeSipio (Oregon)
Creative consultant and climate activist, Self-employed
Nathan Diemer (California)
Founder and Executive Vice President, DreamHammer, Inc.
Ted Driscoll (California)
Partner, Digital Healthcare Lead, Claremont Creek Ventures
Scott Elliott (Washington)
CEO, MountainLogic
Bob Epstein (California)
Co-Founder, Sybase, New Resource Bank, Environmental Entrepreneurs
Rob Erlichman (California)
Founder & President, Sunlight Electric, LLC
Anne Feldhusen (California)
Consultant, Green Business Technology Marketing
Jon Foster (California)
Chief Financial Officer, Zoox
Karen Francis (California)
CEO, Academix Direct, Inc
Tod Francis (California)
Founding Partner, Shasta Ventures
Rona Fried (New York)
President, SustainableBusiness.com
Matthew Frome (California)
VP of Business Development, Linkage Biosciences, Inc.
Louise Fry (New Jersey)
Volunteer, ICCR
Mark Gainey (California)
Lisa Gansky (California)
Entrepreneur & Speaker, Digital Tapas
Aaron Gershenberg (California)
Managing Director, Silicon Valley Bank
Nancy Gail Goebner (California)
Owner, Gardenpeach Place
Susan Goldhor (Massachusetts)
Biologist, C.A.R.S.
Ken Goldsholl (California)
CEO, x.o.ware, Inc.
Nancy Goldsholl (California)
Lorena Gonda Kiralla (California)
Jon Gordon (Colorado)
Managing Partner, Sheer Velocity, LLC
Vicki Gordon (Colorado)
Kate Greswold (California)
Manager, TOSA Foundation
Marianna Grossman (California)
Founder and Managing Partner, Minerva Ventures
David Hallberg (Nebraska)
CEO, PRIME BioSolutions
Melody Haller (California)
Joule Strategic Communications
Bob Hambrecht (California)
Partner, Allotrope Partners
Elissa Hambrecht (California)
John Harper (Massachusetts)
Principal, Birch Tree Capital, LLC
Berl Hartman (Massachusetts)
E2 New England Chapter Director, Hartman Consulting
Hyman Hartman (Massachusetts)
Research Scientist, Massachusetts Institute of Technology
Paula Hawthorn, PhD (California)
Carol Hazenfield (California)
Communications Coach
Sheryl Heckmann (California)
James Higgins (California)
Partner, Lakeside Enterprises
Jill Tate Higgins (California)
General Partner, Lakeside Enterprises
Katie Hoffner (Colorado)
VP Marketing/Strategic Alliances, Prieto Battery, Inc.
Robin Hruska (Washington)
Michele Hugin (California)
Ogden Hunnewell (Massachusetts)
President, Nordic Properties
Jeni James Arndt (Colorado)
State Representative, CO Assembly
Fred Julander (Colorado)
President, Julander Energy Company
Charlene Kabcenell (California)
Former Vice President, Oracle Corporation
Derry Kabcenell (California)
Former Executive Vice President, Oracle Corporation
Jerome Kalur (Montana)
Attorney at Law
Christopher Kaneb (Massachusetts)
Principal, Catamount Management Corporation
Lisa Kaneb (Massachusetts)
Anjali Kapur (Colorado)
Rajan Kapur (Colorado)
CEO, Larankelo
Holly Kaufman (California)
CEO, Environment & Enterprise Strategies
Robert Keith (Montana)
Principal, Beartooth Capital Partners
Arthur Keller (California)
Managing Partner, Minerva Consulting
Marie Kent (Oregon)
Office Manager, The Oregon Service Center
Steven Kiralla (California)
Stephanie Kiriakopolos (California)
Michele Kirsch (California)
Co-founder, Kirsch Foundation
Steve Kirsch (California)
CEO, Propel Accelerator
Bob Klausner (California)
Retired
Charly Kleissner (California)
Co-Founder & Investor, KL Felicitas Foundation
Lisa Kleissner (California)
Co-Founder, KL Felicitas Foundation
Eric Kloor (Colorado)
CEO, MacroSystem US
Stephen Koch (California)
Principal, Resource Real Estate Group, Inc.
Andrea Kopald (California)
Larry Kopald (California)
President, Kopald/Stranger
Felix Kramer (California)
Founder, Climate & Clean Energy Projects
Chip Krauskopf (California)
VP Business Development, Aditazz
Susan Labandibar (Massachusetts)
President, Tech Networks of Boston
Gina Lambright (California)
Managing Partner, TOZ Consulting
Sue Learned-Driscoll (California)
Administrator, Stanford University
Noelle Leca (California)
Vice Chair, Chair-Elect, NCPB, Inc.
Nicole Lederer (California)
Chair and Co-Founder, Environmental Entrepreneurs
Grace Lee Park (Oregon)
Rochelle Lefkowitz (California)
President, Pro-Media Communications
Mark Liffmann (Washington)
Vice President of Sales, Marketing and Business Development, Clean Power Research
Tony Lijphart (California)
Director, User Experience, U Grok It
Alison Long Poetsch (California)
Principal, SHR Investments
Teresa Luchsinger (California)
Tracy Lyons (California)
Steve MacKay (California)
Principal, Scourie Network Partners
Andrew Magee (Massachusetts)
Senior Consultant, Epsilon Associates
Marguerite Manteau-Rao (California)
Entrepreneur, blogger
Drew Maran (California)
Drew Maran Construction, Inc., Drew Maran Construction, Inc.
Ryan Martens (Colorado)
Founder, Rally Software Development
Wynn Martens (Colorado)
Outreach, University of Colorado
Christine Martin (California)
Clinical Nurse Specialist, San Francisco General Hospital
Julia Massa (California)
Bonnie Matlock (California)
John Matthesen (California)
CEO, Related Concepts
Jim (James) Mattioda (California)
Founder, Arcana Herbal & Nutritional Pharmacy
Tim McAdam (California)
Technology Crossover Ventures
Wendy McAdam (California)
Nancy McCarter-Zorner (California)
Plant Pathologist
Bill McClure (California)
Attorney/Partner, Jorgenson, Siegel, McClure & Flegel LLP
Christina McClure (California)
Curator, TEDxYouth @ Mid Peninsula
John McGarry (Washington)
Investor
Lisa Mihaly (California)
Carolyn Miller (California)
Dan Miller (California)
Managing Director, The Roda Group
Kate Mitchell (California)
Co-Founder and Partner, Scale Venture Partners
Wes Mitchell (California)
Board Member, Foto Forum, SFMOMA
Peter Molloy (California)
Lecturer, UC Berkeley
Carol Moné (California)
Producer, Our Earth Productions
Michael Moradzadeh (California)
Commodore, Corinthian Yacht Club
Pamela Morgan (Oregon)
Graceful Systems
Emilie Munger Ogden (California)
Gib Myers (California)
Partner Emeritus, Mayfield Fund and Founder/board of the Entrepreneurs Foundation
Susan Myers (California)
Wendy Neu (New York)
CEO, Hugo Neu Corporation
David Noble (Ohio)
President, The Noble Foundation
M. Kent Norton (California)
Rita Norton (California)
Tori Nourafchan (California)
Rick Nowels (California)
Kathy Nyrop (California)
Consultant
Anne O'Grady (California)
Standish O'Grady (California)
Managing Director, Granite Ventures, LLC
Doug Ogden (California)
CEO, North Ridge Investment Management
Larry Orr (California)
General Partner, Trinity Ventures
Michael Brian Orr (Washington)
Senior Computer Scientist, Adobe Systems
Alex Osadzinski (North Carolina)
Chief Marketing Officer, Relias Learning
Jiali Osadzinski (North Carolina)
Jack Oswald (California)
CEO, SynGest Inc.
Lyn Oswald (California)
Eric Park (Oregon)
Director, Ziba Design
Mark Parnes (California)
Attorney, Wilson Sonsini Goodrich & Rosati
Matt Peak (Indiana)
Director of Clean Technologies, Prize Capital, LLC.
Ethan Podell (New York)
President, Babel Networks Limited
Jeff Poetsch (California)
Principal, JCP Advisors
Christopher Pribe (California)
Prad Rao (California)
Investor
Abby Reeve
Stanley Reeve
Maria Teresa Rizzi (New York)
David Rosenheim (California)
Founder and CEO, JobsWithImpact
David Rosenstein (California)
President, Intex Solutions
Joan Rossetti (Massachusetts)
Chair, Environmental Affairs Committee of the Prudential Center Residents' Association
Amy Roth (California)
Jacqueline Royce (Massachusetts)
Independent Scholar
Julie Rudick (California)
Stuart Rudick (California)
Partner, Mindful Investors, LLC
Will Sarni (Colorado)
Director and Practice Leader, Enterprise Water Strategy, Deloitte Consulting
Tedd Saunders (Massachusetts)
CSO, The Saunders Hotel Group
Eric Schmidt (California)
Executive Chairman, Google
Wendy Schmidt (California)
Founder, The 11th Hour Project
David Schwartz (California)
James Schwartz (Connecticut)
Vice President, Independence Solar
Paul B. Scott (California)
Vice President, Advanced Technologies, Transportation Power Inc
Kris Seeman (California)
Robert Segal (California)
Segal Enterprises
Anneke Seley (California)
CEO, ALIO Inc.
Carol Sethi (California)
Patient's Administration, Valley Medical Center, San Jose
Kuldip Sethi (California)
CEO, SV Greentech Corp.
Cynthia Sexton (California)
Tim Sexton (California)
Principal, Make Good Group
Ann Shulman (California)
President, Philanthropy Associates, Inc.
Barbara Simons (California)
Research Staff Member, Retired, IBM Research
Jon Slangerup (California)
Chairman and CEO, American Global Logistics
Amy Slater (California)
Vice President of Sales, Palo Alto Networks
Sandra Slater (California)
Owner, Sandra Slater Environments
Tom Soto (California)
Founder & Managing Partner, Frontier Impact Capital Management
Marc Stolman (California)
Attorney, Stolman Law office, E2 Climate Project Leader
Ed Supplee (California)
Former CFO, UTStarcom
Sally Supplee (California)
Former Chief Financial Officer
Gary Swart (California)
General Partner & Investor, Polaris Partners
Kathy Swart (California)
Sue Thompson (Colorado)
Investor, Indigena, LLC
Cariad Thronson (California)
CEO, Forefront Marketing & Communications
Robert Thronson (California)
VP Marketing & Business Development, Vigilent
Mike Ubell (California)
Architect
Bill Unger (California)
Partner Emeritus, Mayfield Fund
Kathleen Unger (California)
Of Counsel, Freeman, Freeman & Smiley
Stephen Unger (California)
Managing Director, KSMU, LLC
Thomas Van Dyck (California)
Senior Vice President, RBC Wealth Management
Mark Vander Ploeg (California)
Retired, Investment Banker
Maria Vidal (California)
Kirby Walker (California)
Independent film/video producer
Alex Wall (Oregon)
Privacy Counsel, Marketo, Inc.
Gene Wang (California)
CEO, PeoplePower
Dorothy Weaver (New York)
Babel Networks Limited
Bill Weihl (California)
Principal, Weihl Consulting
Jeffrey Weiss (Rhode Island)
Member, Clean Energy Venture Group
Amanda Weitman (California)
Senior Vice President, Wells Fargo Private Bank
Dave Welch (California)
President, Infinera Corporation
Heidi Welch (California)
Clint Wilder (California)
Contributing Editor, Clean Edge
Alexa Willson (New York)
Managing Director, Private Client Advisor, U.S.Trust, Bank of America Private Wealth Management
David Willson (New York)
President, Stanbridge Capital
Andrew Winston (Connecticut)
Founder, Winston Eco-Strategies
Christine Winston (Connecticut)
Tonia Wisman (California)
Erik Wohlgemuth (Oregon)
COO, Future 500
Marian Woodard (California)
Managing Partner, The Quantum Shift
George Woodwell (Massachusetts)
Founder and Director Emeritus, The Woods Hole Research Center
Katharine Woodwell (Massachusetts)
Retired Administrator
Carroll Yandell (California)
George Yandell (California)
Director of Real Estate, Nature Conservancy
Mary M. Yang (California)
Former Biotech Co-Founder & President
Rosamund Zander (Massachusetts)
Chairman, Independent Design Center for the Environment
Margaret Zankel (California)
Martin Zankel (California)
Emeritus Chairman, BartkoZankel
Paul Zorner (California)
Locus Solutions

246 members

 


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