1. Home
  2. Articles posted by: Rona Fried (Page 1229)

Bloomberg Slams Cap-and-Trade

New York City Mayor Michael Bloomberg at the Seattle Climate Protection Summit Friday, criticized carbon cap-and-trade systems, saying they would create price uncertainty for industries, while opening up loopholes for special interests. He called instead for a set carbon fee, which he says would be easier to enforce and implement. Under his plan, which he touted at the Summit, hosted by the U.S. Conference of Mayors, polluters would pay $15 per ton of greenhouse gas (GHG) they emit. The money would fund a $500 a year tax cut for the average taxpayer. Fees would also allow for tax credits to companies developing new GHG-reducing technologies. “Even though energy costs would rise,” Bloomberg said “the savings from tax cuts and energy efficiencies would, over the long run, leave consumers with more money in their pockets.” He stated that defined incentives would provide greater motivation for companies than a flexible cap-and-trade approach, in that, the more a company reduced pollution, the lower its tax bill would be. Under cap-and-trade systems, currently being considered by Congress, companies have the choice of reducing their own GHG emissions, or buying credits from other companies that do. The US Senate’s subcommittee on environment and public works […]

Read More

U.S. Capitol to Buy Offsets

URL: http://www.washingtonpost.com/wp-dyn/content/article/2007/11/04/AR2007110401663.html?hpid=moreheadlines Website: http://www.washingtonpost.com/wp-dyn/content/article/2007/11/04/AR2007110401663.html?hpid=moreheadlines     

Read More

Winslow Green Solutions Fund Launches

Winslow Management, which runs one of the pioneering green mutual funds, Winslow Green, has launched a new mutual fund. The Winslow Green Solutions Fund will invest primarily in mid-cap companies that derive their primary revenue from green products or services. The Fund expects to focus on companies between $1-$10 billion in market capitalization with up to 25% outside the U.S. The new fund complements the Winslow Green Mutual Fund, which is a small cap fund. “Concepts like clean energy and natural foods are no longer just exciting ideas for the future – they are driving legitimate, multi-billion dollar growth markets today,” says Matt Patsky, Portfolio Manager. “And we see the potential for growth in these markets to accelerate even further.” At a time when many companies and investments products are launching or rebranding themselves as “green”, Winslow continues to demonstrate the value of experience, patience and careful stock selection in building a successful track record in green investing. “The launch of the Winslow Green Solutions Fund represents, among other things, the evolution of green markets over time,” says Jack Robinson, President of Winslow Management Company. “Once green markets were entirely populated by small start-up companies, but many leading green companies […]

Read More

Sequoia Energy Secures C$16 M

Sequoia Energy Inc., a Canadian renewable energy company focused on utility-grade wind energy projects, has closed a C$16 million financing round from Good Energies. Sequoia plans to use the proceeds to advance projects in Manitoba, Saskatchewan and North Dakota. “Just as the wind blows across borders, wind developers have to lookbeyond the lines on a map. Today’s announcement is a commitment on both our parts to develop wind energy from Manitoba to Saskatchewan and south to the Midwest states,” said Ron Diduch, CEO of Sequoia Energy. Sequoia supports a community-centered approach and has invested significant resources to ensure that the company’s wind projects preserve the integrity of established communities and integrates smoothly into existing energy systems. Good Energies manages the renewable energies portfolio of the COFRA Group, a privately owned group of companies. The current market capitalization of its portfolio is more than $5 billion. Good Energies places its emphasis on the interrelated business areas of solar energy, wind energy, load management and green buildings. “The investment by Good Energies in Sequoia will greatly enhance the wind portfolio of our firm,” added David MacMillan, a managing director at Good Energies in London and part of its global wind investment team. […]

Read More

Strong 3Q Report for HTnaturals Apparel

Naturally Advanced Technologies Inc. (OBB: NADVF) announced third quarter sales results for its apparel division HTnaturals, a provider of environmentally sustainable hemp, bamboo, organic cotton and soy blended apparel. For the third quarter ended September 30, 2007, HTnaturals posted sales of US$715,000, an increase of 76% over the same period last year, with year to date sales of US$1.8 million, an increase of 127% over the same period 2006. Year to date margin is approximately 35% of sales or US$625,000 as compared to 32% or US$255,000 for the same period 2006. During the quarter, HTnaturals continued a retail program, now in its third season; expanded COSTCO Canada distribution program with additional stores through to the end of the first quarter of 2008; and increased sales and distribution with the appointment of a professional sales group with representatives throughout the U.S. “We expect these results to continue into Q4, making 2007 our most successful year yet,” said Ken Barker, the Company’s Chief Executive Officer. The Company’s HTnaturals apparel division realized sales revenues of US$1.2 million in 2006 and is on target to meet projected sales of over US$2.2 million in 2007. Website: http://www.naturallyadvanced.com     

Read More

Environmental Power Opens Biogas Facility

Environmental Power Corporation (AMEX: EPG) has completed construction of its Huckabay Ridge facility in Stephenville, Texas, the largest biogas plant to date in North America. It will produce methane-rich biogas from manure and other agricultural waste. The facility is expected to produce approximately 635,000 MMBtu of gas per year – the equivalent of more than 4.6 million gallons of heating oil. In addition to energy production, Huckabay Ridge is also expected to generate carbon credits, per protocols being established with the Chicago Climate Exchange. The Huckabay Ridge facility, owned by its subsidiary Microgy, Inc., conditions biogas to natural gas standards and distributes RNG® via a commercial pipeline. RNG® is Microgy’s branded, renewable natural gas. Said Rich Kessel, President and CEO of Environmental Power, “The understanding we have gained in completing work at Huckabay Ridge is invaluable in advancing our large-scale facilities under development in Texas, California and other markets in North America. Our experience in financing the facility, generating biogas and purifying it to pipeline quality standards puts us in a strong position to quickly execute the balance of the projects in our pipeline.” Pacific Gas & Electric will begin receiving deliveries of biogas from Huckabay Ridge on October 1, […]

Read More