July 31, 2015 National Governors Association 444 North Capitol Street NW, Suite 267 Washington, D.C. 20001-1512 RE: Support for State Implementation of Carbon Pollution Standards Dear Governors: We, the undersigned companies and investors, have a significant presence in your state and strongly support the implementation of the Environmental Protection Agency’s Carbon Pollution Standards for existing power plants. These standards, also called the Clean Power Plan, are critical for moving our country toward a clean energy economy. The Plan’s flexible approach provides an exciting opportunity for states to customize their own energy portfolio, expand clean energy solutions, attract new industries to the state, and create thousands of jobs. Our support is firmly grounded in economic reality. Clean energy solutions are cost effective and innovative ways to drive investment and reduce greenhouse gas emissions. Increasingly, businesses rely on renewable energy and energy efficiency solutions to cut costs and improve corporate performance. In 2014, a study by Ceres, Calvert Investments and the World Wildlife Fund revealed that 60 percent of Fortune100 companies have set their own clean energy targets and have saved more than $1 billion a year in the process.1 Clear and consistent policies can send market signals that help businesses and investors plan for the future. We are seeking long-term policies that provide businesses the certainty needed to transition to a clean energy economy. Electric power plants are the single largest source of carbon pollution in the United States and the Clean Power Plan will be pivotal in reducing their emissions. As you develop your implementation plan we hope you will include the building blocks of renewable energy and energy efficiency, which will allow you to mitigate the risks of climate change and the volatility of fossil fuel prices. We are already experiencing increased frequency and intensity of storms, warmer temperatures, extreme precipitation, and changes in weather patterns that will continue to put trillions of dollars of institutional investors’ assets at risk and require companies to be innovative at adapting to these changes. From our positions as employers and fiduciaries, we seek a greater degree of policy certainty in order to better manage these risks in our operations, supply chains, and portfolios. We are encouraged that the Plan allows states to use a number of flexible strategies to comply with the standards. States can build on successful clean energy policies already in place around th 99  Chauncy  St.,  6  Fl.  w  Boston,  MA  02111  w  TEL  617-­‐247-­‐0700  w  FAX  617-­‐267-­‐5400     www.ceres.org     the country and thereby accelerate additional investment. Evidence shows that emissions reductions can be achieved without long-term economic harm or damage to the reliability of our electricity system.2,3 We also hope to see states take care to ensure a just transition for impacted workers and communities during this shift toward a low carbon economy. We encourage your timely finalization of your state’s implementation plan and offer the support of the business community in your pursuit of cost-effective clean energy solutions. Thank you for your leadership. Sincerely, ABC Box Co. adidas Group Adventure safety International Aggrandized Agrarian Ales Akamai Technologies, Inc. All Seasons Garden Center Allard PPC American Exchange American Outdoor Products, Inc. Amicus Green Building Center, LLC Aquinas Associates Argyle Brewing Company, LLC Arjuna Capital Asean Corporation (Stalkmarket brands) Aspen Brewing Company Aspen Skiing Company Auralites Inc Aveda Bay Trading Bella Stella Ben & Jerry's Benjamin Visuals Bespoken Corporate Communications BIOJAM Blogs for Brands Blue Chip Technologies LLC Blue Moon Massage Boston Common Asset Management Breathe Deep Breckinridge Capital Advisors Brewery Vivant Bridger Bowl Broadside Bookshop th Broadway Cab LLC Buena Building Doctors Bum Boosa Bamboo Productions Burton Snowboards Calvert Investments Captains of Industry Carolina Biodiesel, LLC Catskill Brewery CDI Meters, Inc. Cedar Mill Communications CEO Pipe Organs/Golden Ponds Farm Chandler llc Chez Sven Bed & Breakfast Christopher Reynolds Foundation Chuckanut Brewery & Kitchen Clark Farms Classic Communications Clean Agency Clean Power Finance Clean Yield Asset Management Clif Bar & Company Climate Clean, Inc. Climate First!, Inc. Climate Ready Solutions LLC ClimeCo Corporation Closed Loop Advisors Cocoa Corporation Colorado Sustainable Financial Planning Communitas Financial Planning Computer Co-op Concept Green LLC Contempl8 T-Shirts LLC Continuum Industries 99  Chauncy  St.,  6  Fl.  w  Boston,  MA  02111  w  TEL  617-­‐247-­‐0700  w  FAX  617-­‐267-­‐5400     www.ceres.org     Convergence Energy Cooperative Energy Futures Copyrose Marketing & Communications Cornerstone Tree Care CR360 Creativo Creekwood Energy Partners Curren Media Group Dana Investment Advisors Daughters of Charity, Province of St. Louise DBL Partners Debra Little Sustainable Desgn Detour, LLC Dignity Health Digs Distributed Energy Management Dominican Sisters Domini Social Investments LLC Earth and Sky Architecture Earthshade Natural Window Fashions EarthWiseOptions.com eBay Ecco Bella Eco Ohio Eco-Products Ecogate, Inc. EcoPlum EILEEN FISHER, Inc. Electric Vehicle Institute Energy Strategy Environment EnviroMedia Espresso Parts LLC Ethical Markets Media Eva Realty, LLC Evluma eWind Solutions Exact Solar Fiberactive Organics, LLC First Affirmative Financial Network Flynn & Assoc., Inc. Fort George Brewery and Public House Fort Production Management, Inc. Fresh Perspective, Inc. Fresh Potato Factory Friends Fiduciary Corporation Gaia's Basket th Gap Inc. General Mills, Inc. GO Box GOLO Enterprise Gomez Consulting Group Great Green Content Green Advantage Consultants Green Alliance Green And Profitable Green Century Capital Management Green CO2 systems Green Concierge Travel LLC Green Energy Marketing and Consulting Green Girl Land Development Solutions LLC Green Heron Tools, LLC Green Pod LLC Green Team Spirit GREENPLAN Inc. GreenTone Environmental Design Greenway Transit Services, LLC Gypsy Divers Handmade Nepal Inc. HaydenTanner, LLC Helicon Works Architects Hermans Eco Inc. High Flight Arts and Letters Hill Country Green Team Hilton Head Brewing Co. HJKessler Associates HM3 Energy Holistic Project Management Consulting Hopcroft Consulting House Kombucha Hugg-A-Planet Hydroscapes Inc. I & I Design IDEASforUs.org Impact Infrastructure LLC Imperium Renewables, Inc Indow Windows Innovative Power Systems ipsy iResortApp Isle Inc. J.K.F. Chilson, Opals & more Jade Asset Growth, LLC 99  Chauncy  St.,  6  Fl.  w  Boston,  MA  02111  w  TEL  617-­‐247-­‐0700  w  FAX  617-­‐267-­‐5400     www.ceres.org     Jedlicka Design Joyce Moore Financial Services/Whole Earth Investments Juhl Energy Jumpin' Jay's Fish Cafe Just in Time Direction K2 Sports Kayak Media Kenoza Type, Inc. KERBspace Kirschenmann Family Farms KKI L'Oreal USA Leisure Wheels Quadracycles Levi Strauss & Co. Linda Harrar Productions LLC Made By Hand International MAR and UNE Provinces of the Society of Jesus Mark Gamba Photographs Mars Incorporated Maryknoll Fathers and Brothers Matrix Design Studio Mercury Press International Mercy Health Mercy Investment Services Meriwether Group Metropolitan Group Michael Bader MD Midwest Coalition for Responsible Investment Mightybytes, Inc. Miller Chiropractic Miller/Howard Investments, Inc. Modern Species Moldestad Ind., LLC Moorland Studios, Inc. mothering Mother MotherTongues Mountain Gear, Inc Mountain Rider's Alliance Mountain Rose Herbs Mphpm Designs Mt. Baker Bio Namaste Solar National Benefit Service Center th National Foundry Products Natural Investments NBIS Neil Kelly Nestle Never Too Late Basketball Camps, Inc. New Belgium Brewing Company New Moon Girl Media New York City Office of the Comptroller Next Step Living North Star Toys Nutritional Needs NYR Organic Oasis Montana Inc. Oceans, Arts, & Designs, Inc. Odell Brewing OgreOgress Productions Olavie Old Bust Head Brewing Co. OSEIA Papillon Resorts, LLC Pax World Management LLC Performant Software Solutions Personal Saga PLC Repair Pollen Brands Portfolio Advisory Board, Adrian Dominican Sisters Positive Energy Solar Powell Energy and Solar Practical Energy Solutions Praxis Northwest Presbyterian Church (U.S.A.) Priyamvada Sustainability Consulting LLC Probst Furniture Makers Promotional Product Solutions Proof Lab Surf Shop Pure Strategies, Inc. PureSolar, Inc. Quest R. John & Co. RAES Foods, Inc. Rainbow Solutions, Inc. Raquette River Brewing Re-Nuble 99  Chauncy  St.,  6  Fl.  w  Boston,  MA  02111  w  TEL  617-­‐247-­‐0700  w  FAX  617-­‐267-­‐5400     www.ceres.org     Region VI Coalition for Responsible Investment and Sisters of the Humility of Mary ReVision Energy Rizzo Mattingly Bosworth PC Rockford Brewing Company Rune's Furniture s2 Sustainability Consultants Saibot Media San Juan Coffee Company, Inc Saunders Hotel Group Savvy Rest Schneider Electric School Sisters of Notre Dame Cooperative Investment Fund Scoville Public Relations SEA Builders LLC Second Self Beer Company See3 Communications Seventh Generation SheerWind Shift2Green Shimar Recycling, Inc. Sidel Systems USA Inc. Sisters of St. Dominic of Amityville, NY Sisters of the Good Shepherd Sisters of the Presentation of the Blessed Virgin Mary Sixpoint Brewery Ski Butternut Smartwool Smuttynose Brewing Company Solaero SolSource, Inc. Solstice Wood Fire LLC Sonen Capital South Carolina Small Business Chamber of Commerce Staples, Inc. Starvation Alley Farms Steve Harvey Law, LLC Stites Design Stonyfield StraightUp Solar Straw Wars USA Strong Brewing Co th Stumptown Puzzles Suite Sleep, Inc. SunEdison Sun Light & Power Sungevity SunPeak Sunsense Solar Sunsprout Farms of Central Ohio Sustain:Green Sustainability Roundtable Inc. Sustainability Solutions LLC Sustainable Manufacturing Consulting Sustainable North Bay Sustainable Systems, Inc. Swan Creek Energy Taiga Company Tandon & Associates, Inc. Tech Networks of Boston Technical Equipment Cleaners TerraCarbon LLC TerraShares The Added Edge The Alchemist The Dannon Company, Inc. The Hummer Group, Inc. The Leadership Council of the Sisters, Servants of the Immaculate Heart of Mary The Lion Company, Inc. The North Face The Refill Shoppe The Sierra Club Foundation The Stella Group, Ltd. The Sustainability Group of Loring, Wolcott & Coolidge The Weather Company TheHitBid Company, Inc. Thinkshift Communications Thornton Tomasetti THULE Inc. Tierra Vista Timberland Transitioning To Green Trap Door Brewing Treehouse Chocolate Co Tri-State Coalition for Responsible Investment 99  Chauncy  St.,  6  Fl.  w  Boston,  MA  02111  w  TEL  617-­‐247-­‐0700  w  FAX  617-­‐267-­‐5400     www.ceres.org     Trillium Asset Management Triple Ethos TripZero Triskele Collaborative Tulong LLC TwentyTwo Designs Underground Unilever Unitarian Universalist Association Van Pelt Corbett Bellows Velasquez Family Coffee Venner Consulting, Inc. VF Corporation ViewPoint Consulting Village Bakery & Cafe Virginia Mason Walden Asset Management Walkabout Farm   Wauna Credit Union Wespath Investment Management West Side Auto Repair WestCoast Associates Inc. William Blackburn Consulting, Ltd. William Freimuth Architecture Wilson Solarpower Corp Winston Eco-Strategies Worthen Industries WVO Management YoCrunch LLC YR&G Zaurie Zimmerman Associates, Inc. Zero Waste Solutions Zero2Global Renewable Energy Systems Zevin Asset Management, LLC   Bold indicates companies with >$100M in annual revenue and investors with >$2B in assets under management. cc: Dan Crippen, Executive Director Office of the Executive Director National Governors Association Sue Gander, Executive Director Environment, Energy and Transportation Division National Governors Association                                                                                                                 1 See analysis, Power Forward 2.0: How American Companies Are Setting Clean Energy Targets and Capturing Greater Business Value, available at https://www.ceres.org/resources/reports/power-forward-2.0-how-americancompanies-are-setting-clean-energy-targets-and-capturing-greater-business-value/ 2 See Center for American Progress analysis, Cutting Carbon Pollution While Promoting Economic Growth, available at https://cdn.americanprogress.org/wp-content/uploads/2015/05/CarbonEmissions-brief.pdf 3 See Brattle Group analysis, EPA’s Clean Power Plan and Reliability, available at http://info.aee.net/brattlereliability-report th 99  Chauncy  St.,  6  Fl.  w  Boston,  MA  02111  w  TEL  617-­‐247-­‐0700  w  FAX  617-­‐267-­‐5400     www.ceres.org