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February 12, 2004 www.e2.org June 23, 2009 Dear Representative: As members of Environmental Entrepreneurs (E2), we urge you to vote for the American Clean Energy and Security Act of 2009 (ACES, H.R. 2454). Along with the core requirement to cap global warming emissions, we strongly endorse the allocation of allowance value to promote energy efficiency and renewable energy generation. These sectors are poised to expand significantly in response to federal carbon policy, driving economic growth and job creation in the U.S. 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 $20 billion of venture capital and private equity, and have started well over 800 businesses which in turn have created over 400,000 jobs. We are committed to comprehensive climate and energy legislation as a means to bring about economic recovery while avoiding the systemic disruption threatened by global warming. A mandatory cap on carbon pollution is the single most important policy our nation can adopt to move towards a clean energy economy. The cap targets need to be set at the levels provided by ACES – 17 percent below 2005 levels in 2020 and 83 percent below 2005 levels in 2050. These targets will provide a strong signal to the market to develop low carbon technologies. Though these carbon cap targets will spur innovation in many sectors of our economy, complementary energy policies are also necessary to ensure that the targets are met in the most cost-effective manner. A robust allocation of ACES carbon allowances to promote energy efficiency and renewable energy will be fundamental to effective expansion of these sectors. Allowance allocations for renewable energy will generate continuous funding that is essential to encourage deployment of emerging technologies. Federal support of renewable energy through tax incentives has played a vital role in the growth of this sector to date. Moving forward, allocation investments will become even more important as we seek to scale up these resources to meet carbon reduction targets. While it is critical to develop new domestic low carbon energy sources, energy efficiency remains the single most cost-effective way to increase productivity and decrease carbon pollution. Efficiency saves consumers and businesses billions of dollars on their energy bills, and creates jobs. Much of the enormous energy efficiency potential in this country remains untapped due to structural market barriers. Performance-based incentives in ACES such as the building efficiency retrofit program (Retrofit for Energy and Environmental Performance – “REEP”) and the appliance efficiency program (“Best-In-Class Appliances Deployment Program” – “BICAD”) would help overcome these barriers. In addition to these important programs, ACES carbon allowances also go to states and local distribution companies to help lower consumer and commercial energy bills. The American Clean Energy and Security Act promotes the development of a new low carbon energy economy for America and provides a platform for economic growth and job generation in every region of the country. This bill represents the opportunity to re-deploy America’s workforce, NORTHERN CALIFORNIA & ROCKY MOUNTAINS NEW YORK & NEW ENGLAND SOUTHERN CALIFORNIA 111 Sutter Street, Fl 20 40 West 20th Street 1314 Second Street San Francisco, CA 94104 New York, NY 10011 Santa Monica, CA 90401 TEL 415 875-6100 FAX 415 875-6161 TEL 212 727-2700 FAX 212 727-1773 TEL 310 434-2300 FAX 310 434-2399 encourage business innovation, diversify our economic base and promote U.S. leadership in 21st century clean technologies. We urge you to vote for the American Clean Energy and Security Act. Sincerely, The following 272 E2 members have signed this letter: Curtis Abbott (CA) Marisa Bueno (MT) CEO, Lucesco Lighting Inc Doctoral Student, Stanford University Maryvonne Abbott (CA) Bob Burnett (CA) Dan Abrams (CA) Jane Byrd President/CEO, Cross River Pictures Healthcare Professional, Teleosis ESM James D. Abrams (IL) Network COO, Medline Industries John Cheney (CA) Wendy Abrams (IL) Sr Vice President, Business Development, Medline Industries Regenisis Energy Clifford Adams (NY) David Cheng (CA) Managing Director, Coady Diemar Partners Associate, Ridgewood Capital Christopher Arndt (NY) Roger Choplin (CA) Partner, Select Equity Group, Inc. Vice President, Our Earth Music, Inc. Patty Arndt (NY) Lyn Christenson (CA) Principal, ONG Designs Director, Corporate Communications, Codexis Dan Arshack (NY) Stephen Colwell (CA) Attorney, Arshack, Hajek & Lehrman PLLC Executive Director, Sea Change Foundation John Balbach (CA) Funds Frank Balluffi (NJ) Daniel Conners (CA) Vice President Application Security, Morgan Senior V.P. Financial Advisor, UBS Stanley Katie Connor (CO) Constance Barbour (MA) Tim Connor (CO) Silkscreener, Migrant Winds Partner, Sequel Venture Partners Kathy Barry (CA) Joy Covey (UT) Lisa Bennett (CO) President, Beagle Foundation Jeff Bennett, Ph.D (CO) Catherine Crystal Foster (CA) Founder, Big Kid Science Consultant, Policy & Advocacy Consulting Aron Bernstein (MA) Jane Cuddehe (CO) Professor of physics, MIT Broker Associate, Coldwell Banker Devonshire Jan Birenbaum (CA) Michael Cuddehe (CO) Larry Birenbaum (CA) President, Seven Trust Advisors Former SVP, Cisco Systems Andrew Currie (CO) Maureen Blanc (CA) Investor, Active Minds LLC E2 Northern California Chapter Leader, Paul Danielsen (CA) Environmental Entrepreneurs VP Business Development, MMA Renewable Dayna Bochco (CA) Ventures President, Steven Bochco Productions Lynne David (VA) Steven Bochco (CA) Gordon Davidson (VA) Steven Bochco Productions Founding Partner, IES Corporation Lori Bonn (CA) John Dawson (CA) President, Bonnventures LLC Co-founder, Zentek Technology Gino Borland (WA) Rick DeGolia (CA) Partner, Cake Ventures, LLC Chairman and CEO, Green Wireless Systems, George Brandt (CA) Inc. Environmental Entrepreneurs June 23, 2009 American Clean Energy and Security Act Support Letter page 2 of 5 Andrew Deitz (CA) Lorena Gonda Kiralla (CA) VP Business Development, Climate Earth Mark Goodman Anne Delehunt (CA) Partner, Brookline Venture Partners Marketing Consultant, Delehunt-Ricketts Jon Gordon (CO) Marco DeMiroz (CA) Executive Vice President, JobPlex, Inc. Managing Director, Selby Ventures Vicki Gordon (CO) Sally DeSipio (OR) Howard Gould (CT) E2 Regional Leader, Pacific Northwest Director, Corporate Development, Equator LLC Barry Dicker (KS) L.D. Gussin (MA) President, Decent Energy, Inc. Principal, Cleanmotive Strategies Scott Dietzen (CA) Joseph Guth (CA) VP, Engineering, Yahoo! Legal Director, Science and Environmental Eileen Donahoe (CA) Health Network Visiting Scholar, CISAC Tom Haggin (CA) John Donahoe (CA) Co-Founder, Sybase and Tilden Park Software CEO, eBay Vicki Haggin (CA) Ted Driscoll (CA) Greg Hale (NY) Venture Partner, Claremont Creek Ventures Private Investor Bob Epstein (CA) Debbie Hall (CA) Co-founder, Sybase, New Resource Bank, Chair of the Board, Village Enterprise Fund Environmental Entrepreneurs Russell Hall (CA) Rob Erlichman (CA) Managing Director, Legacy Venture Founder & President, Sunlight Electric, LLC Bob Hambrecht (CA) Anne Feldhusen (CA) Self-Employed Marketing Program Manager, Hewlett Packard Elissa Hambrecht (CA) Noel Fenton (CA) John Harper (MA) General Partner, Trinity Ventures Principal, Birch Tree Capital, LLC Sally Fenton (CA) Berl Hartman (MA) Paul Ferreri (CA) E2 New England Chapter Leader, Hartman Co-Founder, Blossom Investment Management Consulting Jon Foster (CA) Hyman Hartman (MA) SVP Global Operations, Atempo E2, Massachusetts Institute of Technology Tod Francis (CA) Carol Hazenfield (CA) Founding Partner, Shasta Ventures Alan Herzig (CA) Nell Freudenberger (NY) Independent Director Gil Friend James Higgins (CA) Founder, President & CEO, Natural Logic, Inc. Partner, Lakeside Enterprises Ivor Frischknecht (Australia) Jill Tate Higgins (CA) Investment Director, Starfish Ventures General Partner, Lakeside Enterprises Amy Fritz (CA) Tom Higley (CO) Louise Fry (NJ) President and CEO, iggli inc. Volunteer, ICCR Jerry Hinkle (VA) Aaron Gershenberg (CA) Manager, OFHEO Managing Director, Silicon Valley Bank Katie Hoffner (CO) Nancy Gail Goebner (CA) Investment Consultant, WestMountain Nancy Goebner Designs Alternative Energy Susan Goldhor (MA) Elaine Honig (CA) Biologist, C.A.R.S. Colin Horowitz (CA) Ken Goldsholl (CA) retired CEO, Movidis, Inc. Robin Hruska (WA) Nancy Goldsholl (CA) Art Teacher, Blakely Elementary School Environmental Entrepreneurs June 23, 2009 American Clean Energy and Security Act Support Letter page 3 of 5 Michele Hugin (CA) Paul Logan (NY) Tom Jacoby (CA) President, Yorke Construction Corporation CEO, Tymphany Corporation Tracy Lyons (CA) Nancy Jo (CA) ClearEdge Power, Inc., Mythic Records LLC Fred Julander (CO) Steve MacKay (CA) President, Julander Energy Principal, Scourie Network Partners Charlene Kabcenell (CA) Andrew Magee (MA) Former Vice President, Oracle Corporation Senior Consultant, Epsilon Associates Derry Kabcenell (CA) Joel Makower (CA) Former Executive Vice President, Oracle Chairman and Executive Editor, Greener World Corporation Media, Inc. Jerome Kalur (MT) Madelyn Mallory (CA) Attorney at Law President/CEO, Catalyst Financial Planning & Christopher Kaneb (MA) Investment Principal, Catamount Management Corporation Marguerite Manteau-Rao (CA) Lisa Kaneb (MA) Entrepreneur, blogger Timothy David Karsten (CA) Ryan Martens (CO) TDKA Group Founder,
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