Letter of Support: VF Corporation, New Belgium, Mars, Inc., Seventh Generation

Letter of Support: VF Corporation, New Belgium, Mars, Inc., Seventh Generation

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Dear President Pro Tempore Phil Berger and Speaker Tim Moore,

Thank you for your efforts to help support business development in North Carolina. As national companies, with operations in North Carolina, we are always looking for ways to save money, reduce risks, and plan for the future.

That is why we support clean energy policies at the federal and state level. As the North Carolina General Assembly now debates energy policies that may impact the ability of companies like ours to avail of renewable energy, please know we are against any efforts to freeze or limit North Carolina’s existing Renewable Energy and Energy Efficiency Portfolio Standard (REPS). We are concerned that H332 would be a step in the wrong direction.

The 2007 REPS law has given companies like ours the business case to build and operate in North Carolina—as it provided us the certainty and predictability we need for our business. Freezing or modifying the REPS will stifle the growth of North Carolina’s clean energy sector and be a step in the wrong direction. We hope the General Assembly will continue to support this legislation as a means to strengthen the long-term sustainability of businesses like ours and provide opportunity for greater economic development by all.

North Carolina is advancing innovation in clean energy sectors, and the state’s energy policy was a key driver in this growth. Companies and investors need clear signals, like clean energy policy, to plan, invest, and grow in your state. According to RTI International, North Carolina’s clean energy policies have helped generate more than $3.4 billion in investment via clean energy development between 2007 and 2014. Furthermore, according to the 2014 NC Clean Energy
Industry Census, there are approximately 23,000 (full-time equivalent) renewable energy and energy efficiency employees located across all regions of the state.

Recent research finds, clean energy investments have helped slow the rise in energy costs in North Carolina and helped create a more diversified and resilient electrical grid.

We hope the General Assembly will continue to support clean energy policies, which have attracted companies to North Carolina. Please do not hesitate to call on us if we can provide our view in more depth and share our experience as this important public debate progresses.

Thank you for your careful consideration of these important issues.

Sincerely,

VF Corporation

New Belgium Brewing

View or download the PDF here.

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