Statement from Silicon Valley Leadership Group on the Inflation Reduction Act of 2022

SAN JOSÉ, CA (July 28, 2022) — Mary Holing, VP of Environmental Policy at the Silicon Valley Leadership Group, issued the following statement today in response to the announcement of a deal to include more than $360 billion in clean energy and climate provisions in the inflation reduction package. 

“We’re greatly encouraged by the deal struck by Senators Schumer and Manchin to take bold and necessary climate action as part of the broader inflation reduction package.

If enacted, these provisions would represent a significant investment—as much as $369 billion—in our clean energy future that will grow our economy and provide certainty to SVLG member companies that are scaling the solutions we need to fight climate change.

As energy prices rise and temperatures soar, we urge Congress to ensure that these provisions remain part of the final package.”

A summary of the current agreement can be viewed HERE.

About the Silicon Valley Leadership Group:

The Leadership Group is a business organization of hundreds of Silicon Valley’s most dynamic companies working to shape the innovation economy of California and the nation. Founded by David Packard of Hewlett-Packard, for over 40 years the SVLG has worked to address issues that affect the region’s economic health and quality of life. Today the SVLG Is focused on economic competitiveness with a special focus on diversity & inclusion, climate change and infrastructure. 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