California Business Leaders Respond to Bill Advancing State’s Cap-and-Trade Program

SAN FRANCISCO — In response to today’s proposed language advancing California’s Cap-and-Trade program, key progressive business leaders released the following statements, and are available for comment/interviews on the issues.

SILICON VALLEY LEADERSHIP GROUP
Mike Mielke, Sr. Vice President, Energy and Environment
**Represents more than 400 of Silicon Valley’s most respected employers, providing nearly one of every three private sector jobs in Silicon Valley and contributing more than $3 trillion to the worldwide economy.

The Silicon Valley Leadership Group’s Sr. Vice President, Energy and Environment, Mike Mielke, released the following statement in response to a proposed bill to advance California’s Cap-and-Trade Program in the state legislature.

“California’s Cap-and-Trade Program and complimentary air quality measures are the state’s most effective tools to reduce emissions and ensure all Californians have access to healthy air, while also maintaining market certainty and increasing economic vitality, which is critical as we transition our economy away from one based on coal, oil and gas, to one that runs on renewable energy.”

“Our member companies employ hundreds of thousands of Californians and depend on stable and long-term price signals to continue investments and grow jobs. We support the bill package put forth to strengthen and advance the Cap-and-Trade Program and address important air quality issues, and appreciate the negotiation efforts, which have resulted in a proposal that maintains the integrity of the program while balancing the needs of the business community.

“Maximizing investments in carbon reduction technologies creates jobs and drives economic growth. This is a high priority for our members, and we hope the legislature will move swiftly to pass this legislation and help continue California’s clean energy leadership and strong job growth.”