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Computer Companies Rated for Environmental Responsibility

The Computer TakeBack Campaign has issued its fourth annual Computer Report Card rating computer manufacturers on the environmental safety of their products and corporate policies. The Report Card recognizes those manufacturers who are taking the first step on the road to manufacturers' responsibility by implementing phaseouts of hazardous chemicals and by developing effective and safe collection, reuse and recycling systems. Hewlett Packard and Dell earned the highest scores by refining a "Statement of Principles for Producer Responsibility of Electronic Waste" drafted by the Computer TakeBack Campaign (CTBC). The Principles assert that "manufacturers and producers accept responsibility for continually improving the environmental aspects of the design of their products and for the end-of-life management of their products." Hewlett Packard earned the highest score in part for publicly supporting landmark takeback legislation in Minnesota and Maine. In April 2004, Maine became the first state in the union to require manufacturers of video display devices to take responsibility for their own waste products. Dell, Inc., which received a failing score on last year's Computer Report Card and was targeted by the CTBC for being a market share leader and environmental laggard, made a dramatic turnaround this year by eliminating the use of prison […]

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Zenon to Raise C$90.1 Million

ZENON Environmental Inc. (ZEN:TSX; ZEN.A:TSX, a water purification company, says it will raise about C$90.1 million (US$65 million) through a bought deal equity offering, with the proceeds earmarked for growth opportunities. Ontario-based Zenon said a syndicate of underwriters, led by GMP Securities Ltd., would purchase 3.96 million common shares of the company at C$22.75 apiece. The underwriters also have an option to purchase up to an additional 595,000 common shares from Zenon at the same purchase price. The offering is scheduled to close on or about June 8. Common shares to be issued under this offering will be offered by way of a short form prospectus in all of the provinces in Canada and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities act of 1933, as amended. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. ZENON is provides advanced membrane products and services for water purification, wastewater treatment and water reuse to municipalities and industries worldwide. […]

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