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Jigar Shah

👤 Person
264 total appearances

Appearances Over Time

Podcast Appearances

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And when they met the community leaders, the community leaders were like, we have all these people in this neighborhood that are extremely impoverished that want to work at your factory, but there's no public transportation to get there. Would you put in a bus service to do that? And the CEO was like, hell yeah, of course we would do that. Why is this the first time I'm hearing about this?

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And when they met the community leaders, the community leaders were like, we have all these people in this neighborhood that are extremely impoverished that want to work at your factory, but there's no public transportation to get there. Would you put in a bus service to do that? And the CEO was like, hell yeah, of course we would do that. Why is this the first time I'm hearing about this?

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And then we looked at the HR person and say, why didn't you bring that idea to them? And so we facilitated the conversation. We didn't mandate anything. But once the CEOs and CFOs heard the request, they were like, these are eminently reasonable, and this reduces the risk of running my... facility. Like, look, I get where Ezra's coming from.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And then we looked at the HR person and say, why didn't you bring that idea to them? And so we facilitated the conversation. We didn't mandate anything. But once the CEOs and CFOs heard the request, they were like, these are eminently reasonable, and this reduces the risk of running my... facility. Like, look, I get where Ezra's coming from.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And it was like, I think it was like some article he wrote about a homeless shelter in San Francisco or something. But when you think about what we're doing here, these are infrastructure projects that have to last for decades, decades and decades and decades. I just think that the notion that you would do all this stuff without being thoughtful is ridiculous.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And it was like, I think it was like some article he wrote about a homeless shelter in San Francisco or something. But when you think about what we're doing here, these are infrastructure projects that have to last for decades, decades and decades and decades. I just think that the notion that you would do all this stuff without being thoughtful is ridiculous.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

I mean, I don't know. Like, do you think that if you're going to make a multi-decade commitment to a community that you should like have the CEO and CFO actually meet the community once before like you sign on the dotted line? I don't know that this is a requirement here. I think we're talking about best practices.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

I mean, I don't know. Like, do you think that if you're going to make a multi-decade commitment to a community that you should like have the CEO and CFO actually meet the community once before like you sign on the dotted line? I don't know that this is a requirement here. I think we're talking about best practices.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

I think today, American entrepreneurs and innovators are more prepared to do big things in our country today, and their investors are more prepared than they ever have been, right? This has never been about the loan programs office. And I love the fact that we're being told on the one hand that we're rushing money out the door, and on the other hand, we're being told we're being too thoughtful.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

I think today, American entrepreneurs and innovators are more prepared to do big things in our country today, and their investors are more prepared than they ever have been, right? This has never been about the loan programs office. And I love the fact that we're being told on the one hand that we're rushing money out the door, and on the other hand, we're being told we're being too thoughtful.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

But this has been about applicants. We have an absolute threshold that Congress reconfirmed in the 2020 Bipartisan Energy Act that passed saying you have to make these applicants meet this threshold, right? And so we have been working to get everyone to meet that threshold. Now, we can do a lot of mentorship, but we can't drop our standards. We can't cut corners. We can't do any of those things.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

But this has been about applicants. We have an absolute threshold that Congress reconfirmed in the 2020 Bipartisan Energy Act that passed saying you have to make these applicants meet this threshold, right? And so we have been working to get everyone to meet that threshold. Now, we can do a lot of mentorship, but we can't drop our standards. We can't cut corners. We can't do any of those things.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

I think today— People are more prepared and people are more sober about what it takes to do big things than they ever have been. And as a result, I'm very proud of every loan that we've made. I think that they are going to be pretty successful. But more importantly, I'm really proud of what they're catalyzing.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

I think today— People are more prepared and people are more sober about what it takes to do big things than they ever have been. And as a result, I'm very proud of every loan that we've made. I think that they are going to be pretty successful. But more importantly, I'm really proud of what they're catalyzing.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

It took about 15 years from our first loans and the utilities signing their first power purchase agreements with these solar farms for there to be full market acceptance of solar within the big money centers from pension funds to others, right? I think we can cut that in half. I think we can do that in seven and a half years.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

It took about 15 years from our first loans and the utilities signing their first power purchase agreements with these solar farms for there to be full market acceptance of solar within the big money centers from pension funds to others, right? I think we can cut that in half. I think we can do that in seven and a half years.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And, you know, for all of the executive salaries that we're burning by asking tough questions, I think if we cut their time to trillion-dollar scale in half... That makes their companies more likely to become hugely successful and profitable. But it also means that the climate benefits faster from that scale. And so I'm proud of the formula that we put in place.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And, you know, for all of the executive salaries that we're burning by asking tough questions, I think if we cut their time to trillion-dollar scale in half... That makes their companies more likely to become hugely successful and profitable. But it also means that the climate benefits faster from that scale. And so I'm proud of the formula that we put in place.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And I really think that it's going to last the test of time, regardless of the president, regardless of administrations. I think this is something that American innovators and entrepreneurs recognize that they have to do if they want to be successful.

The Ezra Klein Show
Yes, Biden’s Green Future Can Still Happen Under Trump

And I really think that it's going to last the test of time, regardless of the president, regardless of administrations. I think this is something that American innovators and entrepreneurs recognize that they have to do if they want to be successful.