AMBUL Islamic Banking Corporation leadership recognized the remarkable work carried out by the Office of Texas Economic Development & Tourism; you and your colleague's efforts are praiseworthy for promoting Texas as the number one state for business for the eighth consecutive time since 1996.

Now the Office of the Governor of Texas, Economic Development and Tourism, can be a global leader, being the first to launch climate action bonds under Public-Private Engagement with direct involvement for achieving measurable results.

Onboard Texas business owners on the stage to act to mitigate the climate crisis. Texas corporate have far more understanding of the impacts of climate change as they are involved in varied ecosystems, biodiversity, and communities at global, regional, and local levels.

Texas Enterprise Fund and Texas Commission on Environmental Quality have granted over $1 billion. The grants and funding beneficiaries are primarily large and medium size corporations operating in Texas. The imbalance and disproportion distribution results in seldom beneficiaries being business owners, this is primarily due to the communication gap, numbers are higher, mostly small and minority communities.  

Therefore, this is the right time for the office of the Governor of Texas to be the first state to enter into direct intervention for climate action mitigation. Texas State, Counties, and Cities government will automatically involve along with Texas business owners and self-employed.

AMBUL Islamic Banking Corporation management can act as an architect for building bridges between the Public sector and small business owners for demonstrable results as regards climate action mitigation in the State of Texas. 

AMBUL’s leadership and Accelerate Prosperity Expeditors (APEx) understand that the Texas Facilities Commission, according to Texas State Government Public-Private Partnership Code Chapter 2267 added to TFC by Acts 2011 and later revised in October 2017. Therefore, TFC guidelines remain unchanged regarding unsolicited proposals for Public-Private Partnership, as Texas TFC or any of the subordinate agencies under the Office of the Governor of State of Texas will not be accepted or considered. 

We understand Texas functionaries are aware, but we recall memories that many federal agencies and departments accept and entertain unsolicited development proposals from the private sector and public entities.  US government agencies accept and fund unsolicited proposals from foreign countries and even enter a Public-Private Partnership agreement. 

The United States Department of State accepts valid unsolicited proposals that contribute new and innovative ideas consistent with US government policies. Resulting Prosperity Accelerator Chamber of Islamic Finance and Impact Capital - Nonprofit of Texas with footprints in Pakistan submitted unsolicited proposal United States – Pakistan Economic Advancement and Competitiveness of Export (US-PEACE) Partnership – proposed a Public-Private Engagement to the Office of Ms. Dorothy McAuliffe Special Representative for Global Partnership – US Department of State.   

In the last 12 years, things are changed, particularly after COVID-19; therefore Office of the Governor of Texas humbly requests to change its policies and start accepting unsolicited private-sector proposals that impact the economics of Texas under.