GSBE Business Update 08/31/2020
CA Wildfire Disaster Relief Update
Over the weekend, Governor Newsom announced that the White House has approved California’s request for a Presidential Major Disaster Declaration to bolster the state’s emergency response to wildfires burning in Northern California and to support impacted residents in Lake, Napa, San Mateo, Santa Cruz, Solano, Sonoma, and Yolo Counties. See release here. People who have sustained losses in the designated areas can now begin applying for assistance by registering with the Federal Emergency Management Agency (FEMA) online at https://www.disasterassistance.gov or by calling 800-621-FEMA (3362)
EV Charger Installation Update
AB 841 (Ting D-San Francisco) was approved by the Senate Appropriations Committee last week. The most notable provision requires EV charging equipment funded by the CPUC, CEC, or CARB to be installed by at least one electrician (but not less than 25% of the work crew) who has passed the EV Infrastructure Training Program (EVITP). EVITP is an IBEW and NECA collaboration. The bill now goes to the floor for a vote.
No Pay Cut for Me! According to the Sacramento Bee, Gov. Gavin Newsom said “he and the rest of the state government’s workforce would take 10% pay cuts” when he announced broad cuts to state spending in May because of the coronavirus outbreak. Those cuts for most state employees took effect last month, but Newsom did not reduce his own wages, according to pay data the State Controller’s Office provided in response to an information request from The Sacramento Bee. State Controller Betty Yee was the only one of the state’s eight elected constitutional officers — such as the treasurer, secretary of state and attorney general — to take a pay cut last month, according to the data.
JPMorgan Chase & Co. Advances Sustainable Development Goals
JPMorgan Chase & Co. magnifies commitment to a low-carbon economy and clean energy transition with $200 billion financings to United Nations Sustainable Development Goals. The action goals include the installation of on-site renewable energy at retail branches and commercial buildings, increase access to housing, education, and health care, and support clean water and waste management.