For Immediate Release:
Monday, March 4, 2024
Contact:
Lee Francis | Deputy Director
Virginia League of Conservation Voters
(434) 989-3197 | lfrancis@valcv.org
‘Clean Energy Innovation Authority’ will work to finance pollution reduction, renewable energy projects
RICHMOND – Today, in a bipartisan vote of 57-40, the House of Delegates passed Senate Bill 729, legislation from Majority Leader Scott Surovell to create the Virginia Clean Energy Innovation Authority tasked with financing clean energy development and projects that cut greenhouse gas emissions. This authority opens the door to an influx of federal clean energy grants and loans made possible by the Inflation Reduction Act, including $400 billion of U.S. Department of Energy Loan Program Office funds.
In response to this decision, Michael Town, Executive Director of the Virginia League of Conservation Voters, issued the following statement:
“This legislation is a huge win for clean energy in Virginia. By putting federal dollars to work here in the Commonwealth, we can take advantage of the Inflation Reduction Act’s historic investments in clean energy, further growing our clean energy economy, cutting pollution, and creating good-paying jobs as we work toward achieving our clean energy future. We are thankful for the leadership of Majority Leader Surovell and urge Governor Youngkin to sign this legislation so we can seize on the incredible opportunity to bring clean energy dollars to our state.”
About us:
The Virginia League of Conservation Voters serves as the political voice of the state’s conservation community, working to make sure Virginia’s elected officials recognize that our natural heritage is an environmental and economic treasure for all. Virginia LCV works with conservation leaders across Virginia and strives for a conservation majority in state government. We secure good public policies on the state level and hold public officials accountable for their positions on environmental issues. For more information, visit www.valcv.org.
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