FOR IMMEDIATE RELEASE

PRESS CONTACTS: Mary Solecki (415) 246-3322, [email protected]; Patrick Mitchell, (703) 276-3266, [email protected].

E2: Cap-and-trade legislation provides market certainty; strengthens California’s clean energy economy

Sacramento (July 11, 2017) – Today, Gov. Jerry Brown, Assemblymember Eduardo Garcia and other state leaders announced legislation to extend California’s groundbreaking cap-and-trade program through 2030.

Following is a statement from Mary Solecki, Western States Advocate for the national, nonpartisan business group E2:

“Businesses depend on market certainty to invest, grow and hire new workers. No legislation is perfect, but these bills provide much-needed certainty to California’s clean energy businesses and investors and the nearly 520,000 Californians they employ.

“The governor’s office and leaders from both the Assembly and Senate worked hard to reach this deal, which also addresses critical air quality issues throughout California. It also sets a foundation that other states can build upon as governors and state legislatures lead on climate action when the Trump administration refuses to do.”

Earlier this year, E2 released a major statewide analysis of the economic benefits of California’s cap-and-trade program and other climate policies, including details on employment, investment and other benefits for every county and legislative district in the state. For details on the economic benefits of these programs in your area, see here.

E2 was founded in California in 2000 and today its chapters in San Francisco, Los Angeles and San Diego include business leaders, investors and others who advocate for policies that are good for the economy and good for the environment.

To speak to E2 Western States Advocate Mary Solecki or to E2 members in your area, please contact Mary at [email protected].

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Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. 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. For more information, see www.e2.org or follow us on Twitter at @e2org.

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