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Sub Pop Records First to Green Its Label

Sub Pop Records, the music label that has given rise to bands ranging from Nirvana to The Shins, has purchased enough Green-e certified Green Tags, also known as renewable energy credits, from the Bonneville Environmental Foundation to equal 100 percent of the company’s energy use. To date, Sub Pop records is the first Green-e certified record label company in the United States. “I was made aware of the program by one of my co-workers. I was, quite frankly, shocked by how easy it is to support renewable energy. Green Tags are a simple way for anyone to choose wind energy, which, in turn, lowers dependence on burning fossils fuels for energy,” said Jonathan Poneman, president of Sub Pop Records. “Green Tags fulfill an important commitment to both the planet and the Pacific Northwest, where Sub Pop is rooted.” Earlier this year, Sub Pop Records’ recording artist Kelley Stoltz released Below the Branches as the first album to be green powered and incorporate the Green-e label on its packaging. Like Kelley Stoltz, Sub Pop Records is promoting climate recovery by supporting new renewable energy, such as wind and solar power. “Sub Pop has been synonymous with helping talented new artists support […]

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Altra Inc. Secures $120M in Equity Funding

Altra Inc., a California-based developer of renewable fuel projects, has completed a second round of equity funding that has raised more than $120 million. In addition to Altra’s lead investors, Kleiner Perkins Caufield & Byers, Omninet Private Equity, LLC, Sage Capital Partners, L.P., Angeleno Group, LLC and Khosla Ventures, included in this round are several prominent private equity firms and financial investors including, Duff Ackerman and Advanced Equities. Altra completed its initial equity funding in April 2006 and has now raised or is completing the placement of over $250 million in equity and debt financing. Second round equity funding will be utilized to complete Altra’s current phase of projects as it seeks to build 500 million gallons per year (MMGY) of biofuel production capacity across the nation through the acquisition of existing operating assets as well as the development of strategically located and permitted sites with state-of-the-art biofuel refining technology. In addition to making the announcement of its latest round of funding, Altra indicated that it is on schedule with several additional projects including breaking ground on a 110 MMGY ethanol production facility in Nebraska in September of this year. Altra has signed agreements to develop two additional sites located […]

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