The role of public lands in addressing climate change

Capitol Hill Publishing Corp
By Nancy Pfund, Founder and Managing Partner, DBL Partners
April 19, 2021

Last week, Pres­i­dent Biden announced the Amer­i­can Jobs Plan, an ambi­tious pro­pos­al aimed at cre­at­ing jobs and spurring inno­va­tion, with a par­tic­u­lar focus on the ener­gy sec­tor and sup­port­ing the nation’s tran­si­tion to a fair­er, green­er econ­o­my. Among the many lauda­to­ry goals laid out is tran­si­tion­ing the coun­try to 100 per­cent car­bon-free elec­tric­i­ty by 2035.

Reach­ing this goal is crit­i­cal. The sci­ence is clear that the Unit­ed States and the rest of the world are cur­rent­ly on a dan­ger­ous tra­jec­to­ry if we do not seri­ous­ly address the cli­mate cri­sis — and imple­ment­ing smart poli­cies to reduce our car­bon foot­print while strength­en­ing the econ­o­my has been a cor­ner­stone of the president’s agen­da. The president’s plan com­bines a blend of incen­tives for the man­u­fac­tur­ing and deploy­ment of inno­v­a­tive tech­nolo­gies like renew­ables and elec­tric vehi­cles, with attain­able reduc­tions in the use of fos­sil fuels for ener­gy gen­er­a­tion. With the president’s announce­ment, the hard work turns to Con­gress, where mem­bers must fig­ure out how to turn the Amer­i­can Jobs Plan into action, and ulti­mate­ly law.

As an investor in clean ener­gy com­pa­nies includ­ing Tes­la, I applaud the pres­i­dent for this bold action. The Unit­ed States has the tech­nol­o­gy to move to a clean­er ener­gy econ­o­my. There is, how­ev­er, anoth­er clear oppor­tu­ni­ty to address cli­mate change that Con­gress should con­sid­er as it writes the leg­is­la­tion: Poli­cies that phase out the devel­op­ment of oil and gas ener­gy on pub­lic lands.


Nan­cy Pfund is man­ag­ing part­ner of DBL Part­ners, a lead­ing investor in inno­v­a­tive com­pa­nies. She is also a found­ing mem­ber of the Busi­ness Coali­tion for Con­ser­va­tion and Cli­mate a group of promi­nent investors and busi­ness exec­u­tives urg­ing Con­gress and the Biden admin­is­tra­tion to imple­ment com­mon sense poli­cies to pro­tect pub­lic lands and the economy.

To read the full arti­cle please vis­it the​hill​.com