Banker named to run California-China trade office

A prominent Bay-Area based international banker has been tapped to run the California-China Office of Trade and Investment, established last year by Gov. Jerry Brown.

Kenneth Petrilla“The hiring of Ken Petrilla, one of the most experienced international banking executives in California, shows how serious California is about its trade relationship with China,” Mike Rossi, Brown’s senior jobs advisor, said in a news release.

Petrilla, 68, of Ross, has served for several years in San Francisco as head of the China desk at Wells Fargo, facilitating opportunities involving Chinese companies doing business in the United States.

Brown created the California-China Office of Trade and Investment to serve as a hub for California companies interested in entering or expanding in China – the world’s second largest economy – and for Chinese companies seeking investment opportunities in California – the world’s eighth largest economy by GDP. California exported $24.2 billion to mainland China and Hong Kong in 2013, as the combined China region became the Golden State’s number one export market.

“There is a Chinese expression that opportunities multiply as they are seized, and Ken Petrilla is just the person California needs to seize these opportunities,” said Jim Wunderman, president and CEO of the Bay Area Council, which manages the Trade Office for the state.

Petrilla said it’s hard to imagine a more exciting job “than straddling two of the world’s most dynamic economies and lending my expertise to helping them both grow more intertwined.

“The people of California and China have so much to gain as trade shifts into what many people have called the Century of the Pacific,” he added. “I hope in this role I can give back to California as much as this state has given to me.”

Petrilla earlier held other posts within Wells Fargo, including responsibilities for all Wells Fargo business and activities within Europe, the Middle East and Africa (EMEA).


Honda touts manufacturing bill within CRomnibus

Some last-minute poison pills kept Rep. Mike Honda from voting for the $1.1 “CRomnibus” spending bill approved by Congress, but he sees a few bright spots in it for Silicon Valley nonetheless.

And there’s little that Honda – who just eked out a narrow electoral win last month over fellow Democrat Ro Khanna – would rather do these days than deliver a bit of good news for his district.

honda.jpgHonda, D-San Jose, said Tuesday that the CRomnibus included the Revitalize American Manufacturing and Innovation (RAMI) Act. This Republican-led, bipartisan bill that the House had approved back in September authorizes $400 million to create up to 15 Centers for Manufacturing Innovation – regional hubs where universities and colleges, small and large manufacturers, and government can address manufacturing challenges and bring ideas from lab to market. They’ll also work toward producing a skilled workforce to meet the nation’s manufacturing needs.

Honda believes the initiative will lead to more domestic manufacturing and job creation across the nation. He anticipates that Silicon Valley will be among the first applicants seeking to create such a center, probably in order to develop the next generation of semiconductor manufacturing tools.

IPC – a global trade association serving the printed board and electronics assembly industries, their customers and suppliers – issued a statement Monday thanking Honda for his role in RAMI’s passage.

“Among the bill’s earliest and most steadfast champions, Congressman Honda keenly appreciates the connection between the strength of America’s manufacturing base and the incredible innovation that takes place in his district in Silicon Valley.” IPC President and CEO John Mitchell said. “Representing all facets of the electronics industry, IPC’s members — including the many located in Congressman Honda’s district — look forward to the collaboration among private and public sector stakeholders at the National Network for Manufacturing Innovation centers that this legislation will establish.”

Honda was proud of the bipartisan effort behind this bill and the greater CRomnibus, but said he had no choice but to vote against it after two riders were added that he staunchly opposed – one to roll back part of the Dodd-Frank banking reforms that prevent taxpayers being left on the hook to insure risky derivatives trading, and another to vastly increase the amount of money individuals can contribute to political parties.

“I had to make that decision (to vote nay) … That’s the way the sausage is made in Congress,” he said. “But I’m glad we got the RAMI in and also the next round of funding on BART, about $150 million” for the Berryessa extension.

Honda spoke Tuesday as he prepared to leave for South Korea, where he’ll spend the next few days meeting with business and government leaders including Korean Foreign Minister Yun Byung-se and U.S. Ambassador Mark Lippert, as well as visiting U.S. troops and surviving victims of World War II sexual enslavement.

He said his priority is to discuss what South Korea is doing to encourage American businesses to thrive there, and the investment and innovation opportunities South Korean businesses have in the Bay Area. He’ll be delivering a policy speech at the Asan Institute for Policy Studies in Seoul about how the two nations can strengthen their economic and political relations; he also has a dinner scheduled with the Korea International Trade Association and its chairman, as well as a meeting with the vice minister of trade, industry and energy.


Linking clean-energy laws to economic opportunity

A Bay Area nonprofit has launched a new campaign highlighting how California’s climate-change and clean-energy laws not only protect the environment and public health, but also bring jobs and consumer savings to communities of color and low-income neighborhoods across the state.

UpLiftCAThe Greenlining Institute – a Berkeley based group founded to fight redlining, the practice of denying economic opportunities to people of color – on Monday launched UpLiftCA.org, a site offering stories of real Californians already benefitting from the state’s burgeoning clean-energy economy. More stories will be added in coming months, and a Spanish-language version will be launched in January.

The campaign is being launched even as foes of California’s landmark climate law try to roll back a provision making gasoline subject to carbon-emission penalties starting in 2015, which will causes gas prices to rise somewhat.

“The oil industry and its front groups have shamelessly tried to mislead communities of color about California’s laws to fight global warming, masquerading as consumer advocates when all they want is to protect their own profits,” Greenlining Institute Executive Director Orson Aguilar said in a news release. “We’re going to make sure our communities hear the truth.”

State law requires that a quarter of the money raised by carbon permit sales under California’s cap-and-trade program must go to projects that benefit highly polluted and economically struggling communities. That’s about $272 million in this fiscal year for clean energy, energy efficiency, clean transportation, urban forestry and affordable housing near public transit.

The California Department of Resources Recycling and Recovery last month announced a series of grants to reduce greenhouse gas emissions from solid waste disposal – projects that will bring new jobs and cleaner air to places like Perris, Oakland, Tulare and Fresno.

Leonard Robinson, who chairs the California Black Chamber of Commerce’s Energy and Environment Committee and is a former California Environmental Protection Agency Department of Toxic Substances official under Gov. Arnold Schwarzenegger, said California is thinking forward.

“Part of the fees that companies are charged for putting greenhouse gases into the air are being invested in California’s most vulnerable and underserved communities to improve health and create local jobs,” he said. “These jobs are real – California added over 3,500 solar power jobs last year alone.”

Greenlining’s website includes simple explanations of how the laws work, and practical information for people and businesses on energy efficiency, low-cost solar power, rebates for plug-in electric cars, and more.

“For too many decades, low income neighborhoods and communities of color were used as toxic dumping grounds,” said Vien Truong, Greenlining’s environmental equity director. “This is a huge chance to right a historical wrong and bring real benefits to our communities, and community advocates are working closely with the state to make sure these benefits are real and get to where they need to go.”


Commerce Secretary attends Oakland forum

U.S. Commerce Secretary Penny Pritzker joined Rep. Barbara Lee and other officials Monday for a regional economic development forum at Oakland International Airport, focused on creating more jobs and growing businesses in the East Bay.

Penny Pritzker“The Department of Commerce has tremendous resources in place in this region and around the country that allow us to partner with your businesses and entrepreneurs so they can compete and succeed,” Pritzker said in a news release issued by Lee, D-Oakland, after the event.

“Here in the Bay Area, we are working with companies large and small to sell their goods and services to the 95 percent of global consumers who live outside the U.S., helping to create the conditions for innovators and entrepreneurs to thrive, and supporting minority-and women-owned businesses through our Minority Business Development Agency,” she said, adding her department “is committed to helping your companies grow and thrive so they can create jobs – that is our mission and a core objective for President Obama.”

Lee said small businesses “are fundamental to the East Bay’s economic growth, especially women and minority-owned businesses.

“These businesses create jobs, contribute to our community and create opportunities into the middle class,” she said. “In order to ensure continued economic growth, we need to investment in sharing the available resources with these businesses and businesses owners to help them succeed.”

Other attendees included regional Small Business Administration Administrator Donna Davis; Minority Business Development Agency Director Alejandra Castillo; Overseas Private Investment Corp. Director of Corporate Development Alison Germak; Port of Oakland Aviation Director Deborah Ale Flint; Alameda County Supervisor Keith Carson; and Oakland Mayor Jean Quan.

Earlier Monday, Lee had hosted a roundtable discussion with Pritzker and East Bay business leaders to discuss economic development, supplier diversity and the importance of gender and ethnic diversity in corporate leadership.


EPA proposal on coal power plants creates hot air

Opinions and rhetoric were breaking largely among the usual party lines Monday after the U.S. Environmental Protection Agency announced its plan to cut carbon dioxide emissions from existing coal plants by nearly a third by 2030, compared with 2005 levels.

From House Speaker John Boehner, R-Ohio:

John Boehner“The president’s plan is nuts, there’s really no more succinct way to describe it. Americans are still asking ‘where are the jobs?’ and here he is proposing rules to ship jobs overseas for years to come. Americans are already paying more for everything and here he is condemning them to higher bills and lower incomes long after he leaves office.

“In many ways, this national energy tax is actually worse than the scheme Americans rejected four years ago. While the president may have kept his promise to make prices ‘skyrocket,’ it doesn’t have to be inevitable. The House has already passed legislation to prevent these rules from taking effect without the approval of the people’s representatives. The question now is: will Senate Democrats listen to the American people and stop this disaster or will they back the president all the way?”

From House Minority Leader Nancy Pelosi, D-San Francisco:

Nancy Pelosi“Climate change is one of the most pressing dangers facing us today. This accelerating crisis threatens our coasts, our crops and our communities – and its damaging and destabilizing effects are already being felt across our nation and around the world.

“The destructive effect of unrestrained carbon pollution is felt not only in rising temperatures and increased, more powerful natural disasters, but also in higher asthma rates in our children. We already restrict mercury and arsenic pollution – it’s time we did the same for toxic carbon pollution. These new standards will strengthen public health, create new jobs, spur innovation and lower electricity rates.

“Like the Waxman-Markey American Clean Energy and Security Act, these actions by the Administration send a resounding message to the world that the United States is serious about dealing with climate change. The Clean Air Act is an appropriate, bipartisan approach to protect people from pollution, and today’s standards build on a foundation of decades of bipartisan laws, including the Energy Independence and Security Act of 2007, signed by President Bush.

“We have a moral obligation to act to preserve the beauty of God’s creation for future generations. With these flexible plans to cut carbon pollution, our nation is taking a bold and serious step towards securing a sustainable future for all of us.”

Lots more from familiar California and Bay Area figures, after the jump…
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Jerry Brown will lead trade mission to Mexico

Gov. Jerry Brown will lead a trade and investment mission to Mexico – California’s largest export market – in the last week of July, he announced Tuesday.

California’s neighbor has a role to play in the Golden State’s push to address its energy and environmental needs, Brown had said in his State of the State address in January.

“Reducing our oil consumption, two-thirds of which is imported by ships and tank cars, will take time, breakthrough technologies and steadfast commitment. It will also require that the countries which burn the most fossil fuel join with us,” he said at the time. “We’ve started building those partnerships with other states and countries like China. We will go to Mexico next. California can’t do this alone.”

A delegation of California government, business, economic development, investment and policy leaders will join Brown on this mission, which is being organized by the California Chamber of Commerce. The focus will be on boosting direct investment in the state, expanding bilateral economic and environmental cooperation, and connecting California businesses with new opportunities and partnerships.

Brown met last month with Mexican consuls general from cities across California.

The governor one year ago led a similar mission to China, during which he met with government leaders including China Premier Li Keqiang, opened the California-China Office of Trade and Investment in Shanghai and signed the first economic and environmental agreements ever between a subnational entity and Chinese Ministries. Brown later last year met with China’s President Xi Jinping in California to sign a climate-change pact; he also has signed pacts in the past year with leaders from Canada, Israel and Peru to combat climate change, strengthen economic ties and cooperate on research.