Global Warming Weakens Vast Pacific Climate System
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/36219/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/36219/story.htm
N.J. Panel Recommends Proceeding with Offshore Wind
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New Shareholder Network Launched to Curtail Toxics in Products
The number and variety of shareholder resolutions at corporate annual meetings this spring demonstrates an unprecedented level of investor engagement and concern regarding the financial risks to share value posed by toxic chemicals in products. Corporations that are household names are being asked to address the role of toxics in their products, including, among others, CVS Corporation, ServiceMaster/ChemLawn, Whole Foods Market, Dow Chemical and DuPont. Seventeen investing organizations collectively representing more than $22 billion in assets under management issued a joint statement today calling for other financial professionals and investors to join with them in supporting shareholder resolutions seeking better disclosure regarding the risks of toxics in products, and better corporate strategies for moving to safer alternatives when they are available. “Unfortunately the corporate community has been largely failing to respond to emerging science showing health and environmental risks of an array of chemicals in products. Companies are not moving to safer alternatives quickly enough,” states Lauren Compere, Director of Shareholder Advocacy at Boston Common Asset Management, LLC. At the April 26 shareholder meeting, DuPont shareholders voted regarding whether to require a report setting forth options for the company to quickly eliminate the use and production of PFOA. PFOA is […]
Waste-Based Ethanol: $30M
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HydroGen Announces $26M Private Placement
HydroGen Corporation (HYDG.OB), a company that designs and manufactures multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, announced it signed definitive agreements for a private placement of its securities for gross proceeds of $25,775,000. Dr. Leo Blomen, Chairman and Chief Executive Officer of HydroGen Corporation, said, “Proceeds from this financing will be used to accelerate and expand our commercial demonstration and advanced manufacturing activities, as we execute our strategies for market introduction and for significant fuel cell module cost reductions. We thank our investors for their interest in the company and Piper Jaffray for their exceptional work in conducting this financing.” HydroGen’s business plan calls for the company to design, manufacture and sell 6-30 megawatt (MW) turnkey power plants, based on a standardized 2MW power island consisting of five of HydroGen’s 400-kilowatt (kW) modules. Additionally, HydroGen plans to generate recurring revenues from the sale of operations and maintenance services, and ongoing lease revenues for the 400kW modules. HydroGen Corporation is a developer of multi-megawatt fuel cell systems utilizing its proprietary 400-kilowatt phosphoric acid fuel (PAFC) cell technology. Utilizing fuel cell technology originally developed by Westinghouse Corporation, the company targets market applications where hydrogen is currently available and other drivers favoring […]
Whole Foods Impresses Again
URL: http://www.forbes.com/2006/05/04/wholefoods-market-0504markets06.html?partner=yahootix Website: http://www.forbes.com/2006/05/04/wholefoods-market-0504markets06.html?partner=yahootix
Wild Oats Swings to Profit
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Go Ahead, Bring On A Windfall Profits Tax
URL: http://www.forbes.com/2006/05/03/hoku-englobal-bronco-in_jo_0503soapbox_inl.html?partner=yahootix Website: http://www.forbes.com/2006/05/03/hoku-englobal-bronco-in_jo_0503soapbox_inl.html?partner=yahootix
Ormat Technologies Completes First US Solar Trough Plant in Arizona
Ormat Technologies, Inc. (NYSE: ORA) announced its subsidiary, Ormat Nevada, Inc., has completed construction of a 1 MW rated Ormat Energy Converter for the Arizona Public Service Company Saguaro Solar Facility. This is the first project to combine solar trough technology with a specially designed Organic Rankine Cycle based OEC power block, similar to the type used by Ormat in geothermal and recovered energy generation power applications. The plant’s process consists of the sun’s energy being concentrated by parabolic mirrors in a trough formation to receivers. This concentrated solar energy heats up thermal oil, which then transfers its heat to the OEC power unit working fluid. Use of Organic Rankine Cycle technology facilitates generation of power even with fluctuating and low temperature heat. Scott Canada, APS Project Engineer, said: “APS believes that this plant is an example of the future of energy generation and provides an excellent opportunity to continue leading the development of renewable energy in the US.” This OEC technology has a proven track record of low maintenance and high reliability in the operation of over 800 MW of Ormat geothermal and recovered energy generation power projects worldwide. Ormat Technologies, Inc. designs, builds, owns and operates geothermal power […]
ZENON Securityholders Approve GE Acquisition
ZENON Environmental Inc. announced that its securityholders approved the acquisition of the outstanding securities of the company by a wholly-owned subsidiary of General Electric Company at the Special Meeting of ZENON securityholders held Wednesday, May 3, 2006. Over 95% of the votes cast by ZENON securityholders were in favour of the Arrangement involving GE and the associated continuance of ZENON as an Alberta company. Under the terms of the Arrangement, ZENON shareholders will receive $24.00 cash for each common and non-voting Class A ZENON share. The company will seek final court approval of the Arrangement on Friday, May 5, 2006. The Arrangement is expected to be completed on or about June 1, 2006 following receipt of all requisite regulatory approvals. ZENON is a world leader in providing advanced membrane products and services for water purification, wastewater treatment and water reuse to municipalities and industries worldwide. Canada’s Top 100 Employers ranked ZENON in their top 100 list for the last six years.
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