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This is an excerpt from our Special Report: The State of Green Investing 2009, produced by our green investment newsletter, Progressive Investor. You can purchase the report for $89 or receive it as part of a 5 month ($112) or a year ($185) subscription. See the Table of Contents. We included this excerpt to give you some insight into how we fold recommended green investments into the larger view of current market conditions. The following interview is with Patrick McVeigh, president of Reynders, McVeigh Capital Management, a green/social portfolio management firm. We talked about his impression of market conditions, the impact of the stimulus plan on cleantech, and how they are managing porfolios under these circumstances. PI: What’s your impression of current market conditions? Patrick McVeigh: We’re open to the idea that this isn’t a decade long mess we’re staring into, but the problems caused by too much debt in the world will not be easy to correct. We’re looking for early indicators of change in the economy, and will increase our equity positions when we have more confidence we’re at a turning point. There are still risks. We’re still at an early stage of working off the excess leverage […]
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DOE: $2.4B for Plug-in Vehicles DOE: $535M Loan Guarantee to Solyndra Solar: Grew at a Record Pace in 2008 Georgia Power to Switch Coal Plant to Biomass Regulators Propose Priorities for Smart Grid Standards Insurance Regulators Require Climate Change Risk Disclosure DOE Offers $2.4B to Support Plug-In Vehicles President Obama announced last week that DOE is offering up to $2.4 billion in American Recovery and Reinvestment Act funds to support next-generation plug-in vehicles and their advanced battery components. Of the $2.4 billion, $1.5 billion in grants will go to U.S. manufacturers to produce high-efficiency batteries and their components; $500 million in grants will go to U.S. manufacturers to produce other components needed for electric vehicles, such as electric motors; and $400 million will go towards projects that demonstrate and evaluate plug-in hybrids and other electric infrastructure concepts. When these vehicles are offered for sale, U.S. residents who purchase them will be able to claim a tax credit of up to $7,500. Building a U.S. plug-in vehicle industry will create tens of thousands of jobs. DOE will provide assistance to construct or upgrade battery manufacturing, component, and recycling plants for lithium-ion and other advanced batteries, as well as for factories producing […]
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Initiatives for reducing electricity and gas usage could result in utility bill savings of $168.6 billion, according to an ACEEE report.
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Eurelectric, a trade organization representing 70% of European power supply, pledged to cut carbon emissions and offset the rest.
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Even in the midst of a growing economic crisis last fall, over 90% of Americans said that the United States should act to reduce global warming.
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Green research campus in Silicon Valley aims to bring together scientists, students and companies.
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New York Times Op-Ed columnist Stephanie Cooke argues that the DOE is weighed down by Cold-War era nuclear responsibilities.
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Beleaguered insurance giant sells interests in two large photovoltaic project to HG Capital.
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Commercial-scale solar thermal developer has reached an agreement with Nevada developer Harvey Whittemore for 600MW of power.
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BP Solar has proposed two commercial scale solar installations to be built at the Brookhaven National Laboratories.
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