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E2: MARKEY RENEWABLE ENERGY STANDARD WILL INCREASE INVESTMENT, JOBS IN CLEAN ENERGY

WASHINGTON, D.C. - October 31, 2013 (Investorideas.com renewable energy stocks newswire) Today, Sen. Ed Markey introduced legislation to create a national renewable energy standard that would set a target of generating 25 percent of the nation's energy from renewable sources, while reducing energy waste by 15 percent by 2025.

The legislation is good for our economy and our environment, according to members and leaders of Environmental Entrepreneurs (E2).

Nancy Pfund, E2 member and managing partner at DBL Investors in San Francisco, said:

"What Sen. Markey's legislation does is establish a predictable market for renewable energy and energy efficiency. And with predictable markets, capital investment flows, innovation grows and jobs get created.

"While many states have instituted their own renewable portfolio standards, the absence of a national standard has hampered the emergence of a national market and resulted in many renewable investments flowing to other countries. Sen. Markey's bill would help bring those capital investments and the jobs that come with them back home.

"This is something that investors, companies - and our economy - emphatically need.

Berl Hartman, director of the New England chapter of E2 said:

"Sen. Markey knows first-hand how Massachusetts' renewable energy standard has made our state a leader in clean energy.

"After 40 years of working on energy and environmental issues in the House, he knows what a national renewable energy standard can mean to the country - a cleaner environment, a stronger economy and a better tomorrow for both our businesses and our children."

ABOUT E2

Environmental Entrepreneurs (E2) is a non-profit, non-partisan group of business leaders who promote sound environmental policies that drive economic growth. Our members, located in every state in the country, have built or financed more than 1,400 companies, creating more than 500,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org.

CONTACT:

Bob Keefe for E2 at (202) 289-2373 or bkeefe@e2.org or Patrick Mitchell at (703) 276-3266 or pmitchell@hastingsgroup.com.

More Info:

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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


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