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Martek Signs Worldwide Exclusive Agreement

Martek Biosciences Corporation (Nasdaq: MATK) announced it has entered into a long-term supply agreement with Mead Johnson Nutritionals, a leading worldwide infant formula producer and the largest infant formula manufacturer in the United States. Martek will serve as the exclusive worldwide DHA and ARA supplier for all Mead Johnson infant formula products. The agreement provides for a ten-year term with certain rights for either party to terminate the arrangement after December 31, 2011. Martek has been supplying DHA and ARA to Mead Johnson for use in infant formula under a 25-year license agreement signed in 1992, which has been incorporated into the new agreement and remains in effect. Mead Johnson has had tremendous success with DHA and ARA formulas worldwide and now accounts for more than 50 percent of Martek’s DHA and ARA sales to the infant formula market. Martek manufactures nutritional oils that contain the long-chain polyunsaturated fatty acids DHA and ARA, both of which are naturally present in breast milk. Clinical studies have demonstrated benefits for infants receiving DHA and ARA supplemented formula. Martek’s proprietary blend of DHA and ARA is the only source of these nutrients currently used in U.S. infant formula and infant formula containing Martek’s […]

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Problems Abound For Wild Oats

URL: http://www.forbes.com/2006/05/16/wild-oats-wholefoods-0516markets15.html?partner=yahootix Website: http://www.forbes.com/2006/05/16/wild-oats-wholefoods-0516markets15.html?partner=yahootix     

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'Clean EDGE' Act Puts Energy Efficiency At Forefront of U.S. Energy Policy

The Alliance to Save Energy praised the energy-efficiency provisions of a new bill introduced today by a group of Democratic senators for properly making energy efficiency a cornerstone of U.S. energy policy. “The Clean Energy Development for a Growing Economy (EDGE) Act is an important step forward for U.S. energy policy as it recognizes that our country should redirect investment into energy efficiency technologies and initiatives as the cheapest, quickest and cleanest means of extending our nation’s energy supplies and building a sustainable energy future,” said Alliance President Kateri Callahan. “We are hopeful that the Congress will work in a bi-partisan fashion to focus new initiatives, tax incentives and programs on energy efficiency which is truly America’s greatest national resource.”

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Exxon, GM, Ford-Funded Group to Run TV Ads Questioning Climate Change

Competitive Enterprise Institute (CEI), a public policy group funded by oil company Exxon Mobil Corp. and carmakers General Motors Corp. and Ford Motor Co., unveiled a U.S. advertising campaign today that questions the science behind global warming concerns. CEI is a nonprofit group in Washington that advocates free enterprise and limited government regulation. The television advertisements air in Washington, Denver, Anchorage, Alaska, Albuquerque, New Mexico, and 10 other cities starting May 18. The campaign is timed to coincide with the release of a documentary about the threat of climate change that features former Vice President Al Gore. The ads point out the benefits of fossil fuels as well as what CEI claims are unbalanced media reports about the scientific evidence of global warming. “We don’t agree with the claims that the science is settled establishing catastrophic man-made influence upon the climate,” said Chris Horner, a lawyer at CEI. Gore’s movie, to be released by Viacom Inc.’s Paramount Pictures in New York and Los Angeles next week and in other cities on June 2, comes on the heels of a raft of recent media attention about climate change, including cover stories in Time magazine, fashion publication Elle and computer magazine Wired. […]

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Energy Efficiency Makes Regional Climate Pact an Economic Winner

The Northeastern eight-state Regional Greenhouse Gas Initiative (RGGI) would have a positive impact on the region’s economy if states made increased investments in energy efficiency a centerpiece of their RGGI implementation efforts. This finding is the central conclusion of a report released today by the American Council for an Energy-Efficient Economy (ACEEE). RGGI is a multi-state effort to reduce carbon emissions from electricity generation through a cap-and-trade regulatory program. The report, Energy Efficiency’s Role in a Carbon Cap-and-Trade System: Modeling Results from the Regional Greenhouse Gas Initiative, is based on extensive and collaborative analysis of the RGGI states’ electricity sector and the regional economy, for which ACEEE provided key input for the energy efficiency analysis. ACEEE worked closely with the state agency staff working group and modeling consultants in this effort. Based on the modeling analysis results, ACEEE finds that doubling the region’s current energy efficiency investment would: 1. Reduce growth in electricity consumption by two-thirds; 2. Keep electricity prices virtually flat; 3. Cut carbon allowance prices by one-third; 4. Increase economic growth in the region by almost 1% beyond the reference case; and 5. Reduce average energy bills for residential, commercial, and industrial customers by 5% -12% in 2021. […]

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