Silicon Valley Leadership Group CEO Emphasizes Need for a Climate Bond to Accelerate Climate Innovation, Protect Against Sea Level Rise in Response to Latest California Budget Revise

SAN JOSE, CA (May 16, 2024) – Ahmad Thomas, CEO of the Silicon Valley Leadership Group (SVLG), issued the following statement today in response to the release of Governor’s Newsom revised budget for FY 2024-25:

“The Governor’s proposed May Revise highlights the need for strategic, high ROI investments in transmission, clean vehicle incentives, and resilience efforts to protect against rising sea levels in the Bay Area and accelerate California’s bold climate innovation agenda. We therefore call on the legislature and Governor to make a Climate Bond a strategic investment priority as they enter budget negotiations in the coming month,” said Ahmad Thomas, CEO of SVLG.

About the Silicon Valley Leadership Group:

The Silicon Valley Leadership Group (SVLG) is the leading business association representing the innovation economy and its ecosystem. Founded by David Packard of Hewlett-Packard, SVLG has worked for 45 years to address issues that affect the region’s economic health and quality of life. Today, SVLG Is focused on accelerating the next era of Silicon Valley leadership, activated by our three new Centers of Expertise (COE). Innovation & Technology, Sustainable Growth, and Inclusion & Belonging. SVLG members collectively provide nearly one of every three private sector jobs in Silicon Valley and contribute more than $3 trillion to the worldwide economy. For more information, visit