Around the States
California boosts small solar; Delaware buys green power; Wyoming wants to tax wind.
TD Bank Goes Carbon Neutral
Bank says it has achieved carbon neutrality and outlines new green prototype bank.
JP Morgan Explains How to Transition to Paperless Operations
Company's latest white paper outlines steps in moving treasury operations to a paperless system.
Law Suit Filed Over Florida Panther Habitat
US Fish and Wildlife Service denied request to designate critical habitat for endangered Panther.
Australia Threatens Japan With Legal Action on Whaling
Prime Minister Kevin Rudd says Japan must end whaling by November.
First Solar Revenue Surges, Profits Dip Slightly
Company nearly doubled full-year income, but investors disappointed with outlook.
GE, Juice Technologies to Offer EV Chargers This Year
GE said it will sell a line of chargers incorporating Juice Technologies patented Plug Smart.
PGE, SolarCity Announce Equity Financing for 1,000 Solar Systems
$60 million in tax equity financing is expected to fund up to 1,000 residential and small commercial solar systems.
Green Week in Review podcast – February 19, 2010
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The Green Week in Review is a podcast, hosted by SustainableBusiness.com News Editor Bart King. It’s posted every Friday morning and is about 15 minutes long. You can listen to it through your browser or download it to a portable MP3 player. Sign up for our General News RSS Feed and it will be automatically downloaded to your computer’s media player each week. In this week’s show… Breaking News: UN Climate Secretary Resigning Texas, Chamber of Commerce Challenge EPA’s Greenhouse Gas Finding Arizona Abandons Western Cap-And-Trade Initiative BP, ConocoPhillips Pull Out of Climate Action Partnership New USDA Rules Praised By Organic Farmers Plus, a summary of the week’s top cleantech headlines. ++++ Email comments or questions to bart@sustainablebusiness.com
Understanding Green ETFs
In 2009, investors didn’t have to be great stock pickers to see their stocks rise, but some sectors (and stocks) performed much better than others. Although clean energy stocks rose about 40%, that only reversed about a third of the losses from 2008. Energy efficiency, grid and energy storage stocks were the place to be, pre-empting more "traditional" clean energy solar and wind stocks. 2009 winners had spectacular share price performance, including: LED Lighting: Cree (255%) and Dialight (100%) Smart Grid: EnerNOC (308%); Comverge (128.6%) Energy Efficiency: Johnson Controls (64.64%); Baldor Electric (57%) Energy Storage: BYD Company (439%); Maxwell Technologies (252%). Geothermal Heat Pumps: LSB Industries (69.9%); WaterFurnace (60.22%) Let’s look at the green stock landscape through some of the leading green Exchange Traded Funds (ETFs). When we look at the performance of green ETFs in 2009, most rose 30-40%, easily beating the S&P at 28.8%, but underperforming the Nasdaq at 43.9% and a multitude of individual stocks. Still, ETFs are a great, inexpensive place to invest for those hesitant to pick stocks. For investors not very familiar with the advantages of ETFs, they have the compelling advantages of being convenient, low cost, diversified, transparent and liquid investment vehicles. Over […]
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