Live from SF Climate Week with Senator Scott Wiener and Shashank Samala
May 6, 2024
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California Senator Scott Wiener and Heirloom CEO Shashank Samala discuss climate policy and carbon removal. Topics include SB 253, carbon accounting, and the convergence of policy and innovation. They explore the importance of standards, collaboration with startups, measuring CO2 emissions, and diverse customer categories in climate efforts.
California Senator Scott Wiener emphasizes urgency in shifting from fossil fuels for a sustainable future.
Heirloom's CEO Shashank Samala pioneers carbon removal technology with limestone-based solutions for carbon-negative practices.
Deep dives
Senator Wiener's Climate Policy Journey and Motivation
California Senator Scott Wiener, known for his authorship of landmark climate legislation such as California's SB253, shares his journey and personal motivation towards combating climate change. Raised in an era of growing environmental awareness, Wiener stresses the urgency of shifting away from fossil fuels and decarbonizing to ensure a sustainable future. His legislative efforts were amplified by witnessing firsthand the devastating impacts of wildfires and extreme weather events, reinforcing the immediate need for action.
Heirloom's Carbon Removal Innovation and Mission
Heirloom, led by CEO Shashank Samala, is pioneering carbon removal technology to accelerate the transition to a carbon-negative society. Samala's journey from founding a circuit board startup to focusing on carbon removal stems from witnessing climate change impacts in Southeast India and recognizing the need for significant action. Heirloom's technology leverages limestone-based solutions to efficiently extract carbon from the air, contributing to a new era of carbon-negative practices and sustainable solutions.
Policy Impact: California's SB253 and Carbon Data Disclosure
California's SB253, spearheaded by Senator Wiener, mandated large corporations to disclose their carbon emissions, revolutionizing transparency and accountability in climate action. The bill faced fierce opposition from industry groups, but ultimately passed to set a national precedent for emissions disclosure. SB253's comprehensive approach paved the way for enhanced policy frameworks and public-private collaboration to drive climate accountability.
Future Landscape: Climate Tech Collaboration and Advocacy
The podcast highlights the critical role of startups, policymakers, and stakeholders in shaping climate policy and innovation. Startups like Heirloom are championing carbon removal solutions, emphasizing the collaboration between technology, policy, and capital for impactful climate action. The discussion underscores the importance of unified voices, public-private partnerships, and community engagement to drive systemic change and address the global challenge of climate change.
In today's episode, recorded live during San Francisco Climate Week, we delve into the critical intersection of climate policy and carbon removal. Joining us are two distinguished guests: California Senator Scott Wiener, the author of the recent landmark climate legislation known as California's SB 253 or the Climate Corporate Data Accountability Act, and Shashank Samala, the CEO and Co-founder of Heirloom, a pioneering carbon removal company. Shashank was a previous guest on the show in 2021, and we're excited to have him back to weigh in on this important conversation.
Senator Wiener sheds light on the legislative landscape driving climate action, while Shashank offers insights into the technologies transforming carbon removal. Together, we explore the convergence of policy and innovation, examining how regulatory frameworks catalyze the adoption and scaling of technological solutions. We pack a lot into this conversation, and we hope you enjoy it!
In this episode, we cover:
[2:15] Senator Scott Wiener's background and personal climate journey
[6:04] Shashank's entrepreneurial background and transition to carbon removal
[8:38] An overview of Heirloom
[10:20] An overview of Scope 1, 2, and 3 emissions
[12:59] SB 253, the Climate Corporate Data Accountability Act, authored by Senator Wiener
[17:46] California's cap and trade system
[20:22] The importance of carbon accounting and measurement, reporting and verification (MRV)
[25:32] How the Senator's team worked with startups to verify compliance challenges
[31:48] Heirloom's categories of carbon buyers
[34:25] SB 308, Carbon Market Development Act, authored by Senator Josh Becker
[36:17] The role of geography in carbon removals
[40:14] How startups can engage with local policymakers
[45:11] The benefit of representing San Francisco as a climate tech hub
[46:29] Senator Wiener's wishlist for climate policy, including dense housing and world-class public transportation
[47:06] Shashank's wishlist for climate policy, including SB 308
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