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American Stock Exchange Publishes New WilderHill Clean Energy Index

The first U.S. index comprised of companies focusing on clean energy The American Stock Exchange (Amex) announced today that it has begun publishing the WilderHill Clean Energy Index (AMEX-ECO; a new index comprised of publicly traded companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. Dr. Robert Wilder, managing director of WilderShares, LLC, said, "As smart energy alternatives including wind, solar, and hydrogen fuel cells have reached billion dollar markets and gain increasing demand, we believe the WilderHill Clean Energy Index is the right product at the right time. We're delighted to partner with the Amex for launching this product, which proves to have a low correlation to other indexes." Dr. Wilder added, "Given that the price for this energy depends mainly on costs of technology and these costs are only dropping, clean energy contrasts sharply with the trends in fossil fuels. Compare clean energy against fossil fuel price fluctuations, environmental impacts, and supply vulnerability, and I believe that the WilderHill Clean Energy Index will only grow in significance." Cliff Weber, senior vice president of the Amex ETF Marketplace, said, "We are pleased to be collaborating with WilderHill in calculating and publishing this […]

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Amplifying Every Drop the Focus of World Water Week

STOCKHOLM, Sweden, August 17, 2004 (ENS) – It is still possible to fix the world's water and food imbalances, but people must find ways to produce more food using less water, say water experts gathered here for World Water Week. At least 50 international organizations and 1,200 water experts from more than 100 countries are here to seek solutions that will take the world in the direction of food and urban water security. The world must eat less meat if water is to be sufficient, one speaker said. "Unlike the Green Revolution of the 1960s, it is consumers – not producers – who are driving global food production," said Professor Jan Lundqvist of the Stockholm International Water Institute, host of the World Water Week events. "Food preferences are changing, with significant increases in the demand for meat and dairy products," Lundqvist said. But producing one pound of meat takes at least five times the amount of water required to grow an equivalent amount of grain. Even producing enough grains for everyone on Earth means using each drop of water more wisely, many speakers said. "By 2020 world cereal demand will increase by 40 percent, but the world has a finite […]

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