Private Investors Seek Ethanol Deals
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Medis Reports Q4, 2005 Results
Medis Technologies Ltd. (NASDAQ:MDTL) reported lower losses for the fourth quarter and year-ended December 31, 2005. For the 4th quarter, the net loss $5,242,000, or $.19 per share, compared to $6,296,000, or $.24 per share, for Q4 2004. For 2005, the net loss $18,550,000, or $.68 per share compared to $17,728,000, or $.68 per share for 2004. Interest expenses increased for the quarter and the year because MDTL issued convertible notes, and because of increased capital expenditures. The company moved its Israel-based operations to larger quarters and continued to advance on its program for production of its fuel cell Power Packs, including building semi automated production capability at its facilities in Israel and starting to construct its fully automated high volume production line to be located in Ireland. “In reviewing the last quarter and year end results,” said Robert K. Lifton, Chairman and CEO of Medis Technologies, “there are two areas of particular note. The first is that cash used in operating activities for the fourth quarter, even after interest payments, amounted to $4.3 million, on the low side of our expectations. Even while we are gearing up our production capabilities, we are trying to keep a tight lid on […]
Organic Acreage Increases Worldwide
The latest global data on organic farming shows that more than 31 million hectares of farmland are under organic management worldwide, a gain of around five million hectares in a single year. A major increase of organic land has taken place in China, where nearly three million hectares of pastoral land were recently certified. In terms of organic land, excluding wild collection, Australia leads with 12.1 million hectares, followed by China (3.5 million hectares) and Argentina (2.8 million hectares). Most of the world’s organic land is in Australia / Oceania (39%), followed by Europe (21%), Latin America (20%), Asia (13%), North America (4%) and Africa (3%). Regarding the share of organic farmland in comparison with the total agricultural area, Austria, Switzerland and Scandinavian countries lead the way. In Switzerland, for example, more than 10% of the agricultural land is managed organically. The editors of the study note that “the continued increase in the organic land area over the last years is not just due to the ever greater interest in organic farming, but also a result of improved access to information and data collection each time the study is updated.” In 2004, the market value of organic products worldwide reached […]
Institutional Investors More Convinced on Social Investing
Institutional investors are the latest wave of mainstream investors to jump on the social investing bandwagon. After years of hesitancy about including environmental and social performance (SRI) in company evaluations for fiduciary reasons, a new survey shows that 75% of US institutional investors believe SRI factors can affect investment performance. The survey, conducted by Mercer Investment Consulting represents the views of 183 US institutional investors responsible for over US$500 billion in assets under management. Individual funds represented in the survey ranged from less than US$250 million to more than US$5 billion in assets. According to the survey, 22% of respondent currently use social/ environmental investing criteria. Over the next two years, that number is expected to rise to 28%. 80% of investors that pursue an SRI approach do it because they want to align investments with their underlying mission, while 61% believe pursuing this approach reduces risk or improves returns. Corporate governance was most commonly cited as the most important SRI issue for investors – climate change ranked last. About a quarter of respondents plan to step up their proxy voting and shareholder engagement activity over the coming two years. “Corporate governance, the environment, human rights, and other global issues […]
Imagine
It's no utopian vision. We can have a peaceful, healthy, prosperous world through renewable energy.
Wal-Mart: Every Day Low … Impact?
The world's largest company produces .2% of all U.S. emissions! As a start to facing its mammoth environmental footprint, it's focusing on products, energy efficiency and waste.
Weekly Clean Energy Roundup:March 15, 2006
News and Events DOE to Develop Offshore Wind Turbine with General Electric Clean Energy Markets Expanding Minnesota, Wisconsin Governments to Use More Renewable Fuels Volvo Unveils Hybrid Drives for Trucks and Buses Consumer Reports: Two Hybrids Pay for Themselves in Gas Savings Site NewsState Incentives Database Now Includes Energy Efficiency Energy ConnectionsEIA: Efforts to Cut Greenhouse Gases Show Slow Growth in 2004 News and EventsDOE to Develop Offshore Wind Turbine with General ElectricDOE’s National Renewable Energy Laboratory (NREL) has signed a $27 million, multi-year contract with the General Electric Company (GE) to develop a new offshore wind power system over the next several years. DOE will provide about $8 million for the project, which was announced last week. The goal of the project is to design, fabricate, and test an offshore wind turbine that could produce power at a cost of 5 cents per kilowatt-hour, about half the current cost. GE expects the turbine to produce 5 to 7 megawatts of power, nearly double the capacity of GE’s largest commercial wind turbine. The advanced wind system will include innovative foundations, construction techniques, rotor designs, and drivetrains, as well as electrical components designed for the harsh offshore environment. Offshore wind power […]
Progressive Investor Releases Report, 'Investing in Wind Energy'
For over a decade, wind has been the world’s fastest growing energy source on a percentage basis. The industry has been growing at 28% a year for the past five years, and if growth trends continue at this pace as is expected, wind capacity will double about every three or four years. “In the three years since we produced our first report, Investing in Wind, we’ve seen the complexion of the industry change from a blossoming, mostly regional industry based in Europe, to a worldwide industry that is becoming increasingly corporate, and experiencing growing pains in the process,” notes Rona Fried, Editor. Whereas the industry used to be centered in Europe, and mostly in Germany, now 50 countries are actively installing turbines, employing 100,000 people. Wind turbine manfacturers have become truly global companies, operating worldwide. The drivers for growth are government support, the advent of renewable energy certificates (RECs) and most notably, the influx of deep pocket, mainstream financial investors and wind park developers, from Goldman Sachs to Babcock & Brown, which are taking the industry to a completely new level. Renewable energy project finance is rising dramatically, from US$10.8 billion in 2004 to $18.2 billion last year. The preponderance […]
Progressive Investor Releases Report,
For over a decade, wind has been the world’s fastest growing energy source on a percentage basis. The industry has been growing at 28% a year for the past five years, and if growth trends continue at this pace as is expected, wind capacity will double about every three or four years. “In the three years since we produced our first report, Investing in Wind, we’ve seen the complexion of the industry change from a blossoming, mostly regional industry based in Europe, to a worldwide industry that is becoming increasingly corporate, and experiencing growing pains in the process,” notes Rona Fried, Editor. Whereas the industry used to be centered in Europe, and mostly in Germany, now 50 countries are actively installing turbines, employing 100,000 people. Wind turbine manfacturers have become truly global companies, operating worldwide. The drivers for growth are government support, the advent of renewable energy certificates (RECs) and most notably, the influx of deep pocket, mainstream financial investors and wind park developers, from Goldman Sachs to Babcock & Brown, which are taking the industry to a completely new level. Renewable energy project finance is rising dramatically, from US$10.8 billion in 2004 to $18.2 billion last year. The preponderance […]
Progressive Investor Releases Report, 'Investing in Wind Energy'
For over a decade, wind has been the world’s fastest growing energy source on a percentage basis. The industry has been growing at 28% a year for the past five years, and if growth trends continue at this pace as is expected, wind capacity will double about every three or four years. “In the three years since we produced our first report, Investing in Wind, we’ve seen the complexion of the industry change from a blossoming, mostly regional industry based in Europe, to a worldwide industry that is becoming increasingly corporate, and experiencing growing pains in the process,” notes Rona Fried, Editor. Whereas the industry used to be centered in Europe, and mostly in Germany, now 50 countries are actively installing turbines, employing 100,000 people. Wind turbine manfacturers have become truly global companies, operating worldwide. The drivers for growth are government support, the advent of renewable energy certificates (RECs) and most notably, the influx of deep pocket, mainstream financial investors and wind park developers, from Goldman Sachs to Babcock & Brown, which are taking the industry to a completely new level. Renewable energy project finance is rising dramatically, from US$10.8 billion in 2004 to $18.2 billion last year. The preponderance […]