You’ve no doubt heard about the November ballot measure (Proposition 23) which aims to to scupper California’s landmark climate change legislation, AB 32. In this Fresh Dialogues interview, Carl Guardino, CEO of the Silicon Valley Leadership Group, didn’t pull any punches in his response to those behind the plan.
“We’re not going to sit idly by and watch you dismantle our environmental achievements… which are also economic ones,” says Carl Guardino.
The Silicon Valley Leadership Group, which represents over 300 major companies in the valley, including Google, Hewlett Packard and IBM (approximately one in three private sector jobs) provides a proactive voice for Silicon Valley businesses on public policy issues, locally and in Sacramento and Washington D.C.
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Here’s a recap of the issue:
AB 32 is the Golden State’s attempt to cap carbon emissions to 1990 levels by introducing a version of a cap-and-trade carbon tax which would hit power plants, refineries and cement manufacturers hard.
What is Proposition 23?
Supporters call it “The California Jobs Initiative,” and point to the high cost and potential job losses of implementing AB 32; but Proposition 23’s main impact would be to suspend (and effectively repeal) the provisions of AB 32. In turn, AB 32 supporters have launched a Stop Dirty Energy Prop Campaign to thwart the proposition. As of today, Proposition 23 is way ahead in the social media popularity index with over 4,500 Facebook “likes” for Prop 23 compared to just under 3,000 for its opponents.
And here’s how Guardino describes it:
“A veiled attempt to dismantle California’s environmental achievements.”
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Who is behind it?
Two Texas-based oil companies, Valero Energy Corporation and Tesoro Corporation, provided the initial funding to launch the campaign. Valero donated over $4 Million to the cause.
Guardino’s argument
“This is an economic engine not a caboose and we’re not going to let folks ruin the engine that continues to fuel the renewable energy, clean green economy. It’s not only good for our environment – and it’s critical – it’s also good for our economy and jobs; and we’ve proved that through innovation of products, processes and what we do with our people every day in Silicon Valley.”
“What’s wonderful about Silicon Valley is that it’s never been an ‘either or’ – it’s never been about the environment or the economy,” says Carl Guardino. “We can have our cake and eat it too.”
On the eve of Tesla’s IPO, Richard Lowenthal of Coulomb Technologies discusses the vital role of charging stations in creating a thriving ecosystem for electric vehicles. Lowenthal, a Silicon Valley based maker of charging stations, argues that a comprehensive network of charging stations is a vital prerequisite for the roll out of electric cars such as the Tesla, Smart Car, Chevy Volt and Nissan Leaf in the next two years.
Lowenthal explains why a visit to Tesla Motors inspired him to launch his green company after a successful career in high tech at StrataCom and Stardent Computers. For its part, Coulomb Technologies is still in the early stages of installing charging stations and faces competition from the larger, better funded Better Place which offers battery swaps as well as charging. However, Coulomb recently won a $15 Million grant from the Department of Energy and its ChargePoint America program is scheduled to install 4600 charging stations in nine strategic regions of the United States by September 2011.
Reports indicate that despite Tesla’s questionable financials – the company has failed to have a profitable quarter – investors are “giddy” about today’s IPO. It seems that for some, the “cool factor” and zero to 60 in under 4 seconds trumps all….at least in the short term.
Vinod Khosla recently announced a new member of his Khosla Ventures team: none other than former British Prime Minister, Tony Blair, who has been a vocal proponent of action to combat climate change. According to reports, Blair will be a paid advisor and will add his eloquence and global connections to Khosla’s plans to change the world through cleantech investments.
“I’m absolutely thrilled, honored and delighted to team up with Vinod and the people he has working for him,” Blair said before taking the stage for a “fireside chat” with executives from six companies in Khosla Ventures’ vast portfolio. “Vinod is one of the most creative, dynamic and extraordinary people I’ve ever met in my life… the answers to climate change and energy security lies in the technological innovations. I am thrilled to play whatever small part I can.”
Chances are, Blair will play much more than a “small part” in keeping global warming and the need for cleantech innovation front and center. His eloquence and British accent will no doubt help. But he’ll be keeping his distance from his fellow Brits at BP who have created an environmental disaster.
Here is an interview from the Fresh Dialogues archives which explores Vinod’s motivations for investing in Bloom Energy, future predictions and his concern about cleantech bubbles.
He shares his candid thoughts on why he thinks the venture capital model is broken and delivers a bullish pitch for a $500 Million VC Fund.
On the VC Model and Startups
“I think the venture capital model is fundamentally broken, but for different reasons. It’s not the lack of exits. A series of forces: including open source, the recession – so there’s lots of people available for very low prices and cheaper commercial real estate…You can start a company for a lot less today than ever. Life is good in that sense. ..You really don’t need $2 million to build a prototype…I’m talking about a certain type of company…a web 2.0 content, social network something… I’m not talking about finding a cure for cancer.”
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Today, President Obama announced his nominee for Supreme Court to replace Justice Stevens. No surprise to Fresh Dialogues readers: it’s Elena Kagan. So what might she mean for the environment and green tech?
On April 1st, just days before Justice Stevens announced his retirement, I sat down with Jeffrey Toobin to discuss the environmental record of the Supreme Court and the likely pick for Justice Stevens replacement. Toobin didn’t skip a beat: Elena Kagan. In this interview from the Fresh Dialogues archives, Toobin explains why Obama favored Kagan over the other well qualified candidates for the post and speculates about her green credentials.
“She’s former Dean of Harvard Law School (Obama’s alma mater), very much an Obama type person – moderate Democrat, a consensus builder…”
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Is Elena Kagan an environmentalist?
“My sense is that it’s not an issue that has come across her plate a lot…she’s someone who has written on administration law which tends to mean she’s a believer in the power of the Federal Government to regulate.” Jeffrey Toobin
The interview took place at Dick Henning’s Foothill College Celebrity Forumin Silicon Valley on April 1, 2010. For more Fresh Dialogues interviews with business leaders and experts check out Fresh Dialogues YouTube Channel
For more on Elena Kagan’s green credentials: check out this article at Grist.org
And here is an ARCHIVE of interviews with Paul Krugman, Tom Friedman, KR Sridhar and many others
