By Kelli Best-Oliver •
November 1, 2007
Do you know where your pension coming from? For some US teachers, it’s Chinese coal.
The Chinese coal industry is known for its lucrative returns: the China Shenhua Energy Co. gained 65% from July to September, and many investors claim they can’t afford not to be in China. In fact, 20% of Shenhua’s stock is held by U.S. investors — one of whom is the Teachers Retirement System of Texas.
But China’s coal
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By Maria Surma Manka •
October 31, 2007
Renewable energy is big, big, big: Josh just wrote about the world’s largest wind farm possibly going up in South Dakota (yahoo!), California could see the world’s largest solar power plant, and now Singapore is in the foray with landing the largest solar manufacturing facility the world’s ever seen.
A Norwegian company called Renewable Energy Corporation (REC) will build the complex, which will be completed in different stages to incorporate wafer,
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By Maria Surma Manka •
October 29, 2007
Minneapolis Mayor R.T. Rybak may be the first mayor in the nation to drive a plug-in hybrid vehicle as his official city car.
Since he was first elected in 2002, Mayor Rybak’s official car has been a Toyota Prius. But the dramatically superior gas mileage of a plug-in hybrid vehicle prompted him to make the switch: he had his hybrid converted to a plug-in hybrid electric vehicle, from which he expects to get
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By Kelli Best-Oliver •
October 25, 2007
On April 14, 2007, Step it Up 2007 facilitated over 1400 different rallies in all 50 states urging Congress to cut carbon emissions 80% by 2050. It was the largest day of citizen actions on global warming in history, and it truly was citizen action. Although Step It Up 2007 was the brainchild of Bill McKibben and several former Middlebury College students, the success of the event was contingent on
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By Maria Surma Manka •
October 24, 2007
Findings from a new report examining insurance companies’ responses to climate change were released at the International Association of Insurance Supervisors last week. The study found that an increasing number of companies are implementing initiatives to reduce the risk of climate change’s impacts and reduce the emissions that cause the problem.
"From Risk to Opportunity 2007: Insurer Responses to Climate Change" was commissioned by Ceres, a U.S. group of investors and clean
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By Maria Surma Manka •
October 22, 2007
For the first time ever, a U.S. regulatory agency denied a coal plant permit solely on the basis of its carbon dioxide emissions. Carbon dioxide (CO2) is a main contributor to global warming.
The Kansas Department of Health and Environment (KDHE) denied permits to two large, 700-megawatt plants proposed by Sunflower Electric Power. The plants would have cost about $3.6 billion and spewed 11 million tons of CO2 into the air each year. That’s almost
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By Maria Surma Manka •
October 16, 2007
While General Electric announced structural changes to compensate for increased business in its energy-efficient lighting sector, BP is planning to restructure itself to emphasize…more petroleum.
Once self-dubbed "Beyond Petroleum" because of its increased focus on clean energy — and even considered to be one of the friendlier oil companies by clean energy supporters — BP is now folding its gas power and renewables division into its two exploration and refining segments.
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By Maria Surma Manka •
October 10, 2007
General Electric (GE) has announced it is restructuring its lighting business towards energy efficiency models and decreasing its emphasis on traditional incandescent bulbs. Thanks to consumer demand for efficient lighting and some governments even threatening to ban old fashioned bulbs, GE is refocusing its products to align more closely with the need.
Jim Campbell, President and CEO of GE’s consumer and industrial division, explained:
"We are increasing our focus on the development and production of
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By Maria Surma Manka •
October 9, 2007
Coal and nuclear plants may not be dropping like flies, but the business climate and the planet’s climate have caused some utilities to think twice about investing in them.
Tampa Electric of Florida has announced that it won’t build a coal plant to meet future energy needs, as originally planned. The coal plant was going to be an integrated gasification combined-cycle plant, or IGCC, which means that the coal is broken down into
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