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Wind Company Pledges $50M to Hawaiian Locals

UPC Wind, a Massachusetts-based wind power company, has pledged $50 million to a campaign attempting to buy back land on the Hawaiian island of Moloka’I from offshore owners. The company then plans to build a windfarm on the community-owned lands. The campaign, called Ho’i I Ka Pono, is being led by the non-profit Moloka’i Community Service Council (MCSC), which was founded in 1974 and aims to purchase all of the lands now owned by Molokai Properties Limited, a.k.a. Molokai Ranch. “The only way to protect Moloka’i’s culture, environment and lifestyle is to give the people who live here the power to decide how to manage our limited resources,” said Karen M. Holt, Executive Director of the Moloka’i Community Service Council. “UPC Wind’s pledge is a significant step toward helping the Moloka’i community to achieve this goal.” Paul Gaynor, President and CEO of UPC Wind said, “In addition to showing our support for the Ho’i I Ka Pono campaign, our pledge underscores our commitment to the people of Moloka’i and their efforts to determine how their lands will be used in the future.” He continued, “Once the community has regained control of the lands owned by Molokai Ranch, we will work […]

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Xerox Diverts 2 Bln Pounds of Waste

By recycling yet one more 5-pound toner cartridge from a Xerox multifunction system, Xerox Corporation (NYSE: XRX) announced today it has surpassed a sustainability milestone by diverting more than 2 billion pounds of electronic waste from landfills around the world. Xerox’s environmental program, launched in 1991, achieved the 2-billion-pound milestone through product take-back initiatives, such as the Xerox Green World Alliance, a reuse and recycling program for printer cartridges and toner. The company says that program kept more than 2.7 million cartridges and toner containers and nearly 11 million pounds of waste out of landfills last year alone. The Alliance is composed of two components – the remanufacturing of cartridges and the recovery and reuse of toner. When a cartridge is at the end of its life, customers send it to Xerox, which then cleans, inspects and remanufactures or recycles the cartridge. Remanufactured cartridges contain an average of 90 percent reused/recycled parts and are built and tested to the same performance specifications as new products. Customers also send in waste toner, the dry ink that is used to make prints. Xerox then recovers and reuses the old toner by mixing it with new toner, a process the company says does […]

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Ballard Announces Q3 Results

Ballard Power Systems (Toronto: BLD.TO) (NasdaqGM: BLDP), a leader in the development, manufacture and sale of hydrogen fuel cells, announced increased revenues and a smaller net loss for the third quarter of 2007. The company says revenues increased 53% to $17.6 million, compared to $11.5 million for the same period in 2006. (All amounts are in U.S. dollars.) Reported net loss for the quarter decreased 10% to $16.0 million, or ($0.14) per share, compared with a net loss of $17.9 million, or ($0.16) per share for the corresponding period in 2006. Product and service revenues increased $4.7 million, or 59%, and engineering development revenue increased $1.4 million, or 40%, compared to the same quarter last year. John Sheridan, Ballard’s President and Chief Executive Officer said, “Ballard’s positive financial results and overall increase in commercial market shipments in the third quarter show evidence of building momentum and solid execution.” Updated financial guidance for 2007: The company says revenue from continuing operations is expected to meet or exceed the high end of the guidance range of $55-65 million, growth of approximately 30% over 2006. In addition, operating cash consumption is expected to meet or be below the low end of the guidance […]

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First Solar Will Lose Fuel Fast

URL: http://seekingalpha.com/article/53597-first-solar-will-lose-fuel-fast?source=yahoo Website: http://seekingalpha.com/article/53597-first-solar-will-lose-fuel-fast?source=yahoo     

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World Energy Outlook Report: Grim

The International Energy Agency (IEA) on Wednesday made grim predictions of increased fossil fuel consumption by 2030. The IEA, energy adviser to 26 industrialized nations, released its annual World Energy Outlook – a laundry list of nightmare scenarios for environmentalists. By 2030, If current trends continue, the report states: – Fossil fuels will account for 84% of the overall increase in energy demand. – Global carbon emissions will rise by 57% – consistent with a long-term global temperature increase of 5-6 degrees centigrade. – Oil will remain the single largest source of fuel, though its share in global demand will fall from 35% to 32%. – Coal consumption will increase 73%, pushing its share of global demand up from 25% to 28%. – Natural gas consumption will rise from 21% to 22% globally. – Nuclear generation is expected to shrink from 6% of global energy mix to 5%. – Hydro electricity will remain at 2% – Energy produced from biomass and waste will decline from 10% to 9% – All other renewables will increase to 2% of the global energy mix from 1%. Even if all beneficial climate policies currently being considered were implemented, the report states that carbon emissions […]

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