Teveia Barnes elected to Climate Action Reserve Board of Directors

May 22, 2019

Financial and public service leader brings long-standing experience, diverse perspective to the organization

LOS ANGELES, CA – Teveia Barnes, former Executive Director of the California Infrastructure and Economic Development Bank (IBank), has been elected to the Climate Action Reserve Board of Directors. After retiring from IBank, Ms. Barnes continues her volunteer work with Lawyers for One America, a nonprofit organization that promotes diversity in the legal profession and offers free legal advice and services to underserved communities in the San Francisco Bay area, and currently serves as Executive Director. Ms. Barnes also serves on the Advisory Council for Climate Impact Score, a program of the Climate Action Reserve that provides quantification assessments for an investment’s expected greenhouse gas emissions reductions.

“We are very excited and fortunate to have Teveia join our Board and contribute to the development and progress of the Climate Action Reserve. Teveia’s distinguished experience in climate finance, respected leadership in legal and public service, and dedication to promoting diversity and supporting underserved communities bring a unique perspective to the leadership of the Reserve,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors.

Ms. Barnes’s career includes over 40 years of leadership at prestigious law firms, financial institutions, nonprofit organizations, and public service. As IBank’s Executive Director, Ms. Barnes strategically led the organization under its mission to finance infrastructure, economic expansion, clean energy, water and environmental and economic expansion projects. Prior to joining IBank, she was commissioner of the California Department of Financial Institutions, the chief state regulator of depository financial institutions. Ms. Barnes was a partner at the law firm of Foley and Lardner LLP and worked at the Bank of America NT&SA as associate general counsel and senior vice president.

“I am very pleased to be joining the Climate Action Reserve Board of Directors at such an important time for climate policy and climate finance,” said Ms. Barnes. “Climate finance is more than the sum of economic investments to meet GHG reduction goals; it is an opportunity for a more equitable future for diverse and disadvantaged communities, for shifting government priorities toward clean energy and environmental protections, and for transitioning our future infrastructure, ecosystems, and economies with a focus on improved health and air quality. I look forward to the new opportunities to encourage these goals as a Board Member of the Climate Action Reserve.”

Please visit the Climate Action Reserve website to learn more about the organization and its Board of Directors.