News Release

Killing Emissions Law Would Hurt Alternative Energy Industry


California’s Proposition 23 seeks to suspend a 2006 law (AB 32) intended to reduce greenhouse gas emissions.

Available for a limited number of interviews, Cheng is a senior manager at the Cleantech Group a research and advisory company focused on clean tech innovation. He is also a member of E2 (Environmental Entrepreneurs), a national community of individual business leaders who advocate for good environmental policy while building economic prosperity.

He said today: “At the Cleantech Group, we work with the investment community, large corporates, and governments in identifying opportunities in the large and growing clean technology market. I believe that the passage of Proposition 23 could be a significant deterrent for clean technology advancement in California. Recently, the Cleantech Group released a study on this matter, and while we identified California as currently the leading destination of clean technology venture investments, we also noted that many other states were not far behind in capturing investments in the space because of their progressive clean energy policies. In order to maintain California’s lead in clean technology, we must keep policies like AB 32 consistent.”

See the Cleantech study: “California Leads Nation in Clean Energy Policies, Captures 40 percent of Clean Technology Venture Investments Since 2006.”

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167