Energy

Japanese company investing $16.6 million in California Wind Energy
December 3, 2007 12:54 PM -

Tokyo, Escondito, Calif. - Oak Creek Energy Systems, Inc., announced today that it has received approval by a majority vote of its shareholders to allow Marubeni Corporation of Japan (MARUBENICORP 8002) to acquire a controlling interest. The transaction will occur through a $16.6 million equity investment in Oak Creek Holdings, Inc., a newly formed parent holding company. Oak Creek, a leading California renewable energy company in development, construction and operation of wind energy projects, will also enter into a Development Agreement which will give it the opportunity to be Marubeni's exclusive wind energy development partner for North America.

 

 

Chicago’s Alleys Turning Green
December 3, 2007 09:09 AM - Alana Herro, Worldwatch Institute

A new initiative will help make Chicago’s 1,900 miles (3,000 kilometers) of alleyways more sustainable. The miniature streets behind homes and buildings, used mainly for garbage collection and parking access, keep main roads cleaner and less congested but are prone to flooding. The city’s innovative Green Alley Program promotes improved construction techniques and materials that can improve drainage, reduce runoff, and relieve strain on the city’s aging sewer system.

"Naughty" nations in a coal lot of trouble in Bali
December 3, 2007 07:35 AM - Reuters

BALI, Indonesia (Reuters) - It's not easy being green. Particularly if you are big polluters Saudi Arabia, the United States and Canada. All three earned the first "Fossil of the Day Awards" at U.N.-led climate change talks in Bali on Monday, with each receiving a little sack of coal adorned with their national flags at a mock award ceremony filled with boos and laughter.

The awards, a daily feature of annual Kyoto Protocol gatherings, are presented by youth delegations from around the world to heap scorn on nations accused of having less-than-green views.

U.S. says seeks new climate deal, rejects Kyoto
December 3, 2007 04:41 AM - Reuters

BALI, Indonesia (Reuters) - The United States said on Monday it would seek a new global deal to fight climate change after Australia's move to ratify the Kyoto Protocol isolated it as the only developed nation outside the current U.N. pact.

"We're not here to be a roadblock," U.S. delegation leader Harlan Watson said on the opening day of a December 3-14 meeting of almost 190 nations in Bali, Indonesia, seeking to agree a roadmap to work out a successor to Kyoto which runs to 2012.

Bali meet must spur investment
December 3, 2007 04:38 AM - Reuters

BALI (Reuters) - Climate talks launched in Bali on Monday must assure investors of future government backing for climate-friendly energy and building projects, said the host of the meeting, Indonesia's Environment Minister Rachmat Witoelar.

The talks in Bali, attended by some 190 countries, will try and lay the foundations for a new climate change deal in time to replace or extend the Kyoto Protocol from 2013.

A key challenge will be to entice business to invest in cuts in greenhouse gas emissions and prepare for climate change.

Australia steals show at Bali climate talks
December 3, 2007 03:42 AM - Reuters

BALI, Indonesia (Reuters) - Australia won an ovation at the start of U.N.-led climate change talks in Bali on Monday by agreeing to ratify the Kyoto Protocol, isolating the United States as the only developed nation outside the pact.

Asian stock rally pauses after Oil slides
December 2, 2007 09:43 PM - Reuters

HONG KONG (Reuters) - Oil bounced back above $89 a barrel on Monday, steadying from last week's near $10 slide, but Asian stock markets took a breather after posting their best weekly gain in more than three months.

Germany shows contradictions on climate change
December 2, 2007 11:51 AM - Erik Kirschbaum, Reuters

BERLIN (Reuters) - Germany is the world's sixth largest emitter of greenhouses gases, builds some of the fastest and most polluting cars on the road, rejects speed limits to cut CO2 and is replacing its nuclear power with coal-burning plants.

Pew Calls Compromise On Fuel Efficiency a Victory
December 1, 2007 04:08 PM -

WASHINGTON - Phyllis Cuttino, director of the Pew Charitable Trusts Campaign for Fuel Efficiency issued the following statement welcoming the compromise between Speaker Nancy Pelosi and Chairman John Dingell (D-Mich.) for a meaningful increase in fuel efficiency standards to 35 miles per gallon by 2020:

 

 

"This is a truly historic agreement, breaking a 30-year Congressional deadlock on mileage standards.

 

Chicago Water Authority Purchases 30 All-Electric, Zero-Emissions Cars
December 1, 2007 02:13 PM -

Chicago - The Metropolitan Water Reclamation District of Greater Chicago, one of the nation’s largest water authorities, today announced that it has purchased 30 all-electric, low-speed MILES ZX40 cars as part of its strategy to slash fleet emissions and costs. The acquisition represents the largest purchase of MILES electric vehicles by a government agency. It is estimated that the vehicles will eliminate hundreds of thousands of pounds of greenhouse gas emissions each year in operation.

 

 

The ZX40 hatchbacks will be officially delivered to Water Authority Commissioners on Tuesday, November 27th at 12:00 p.m. during a ceremonial "plug-in," reflecting the fact that MILES cars and trucks are powered by industry-leading batteries that can be charged at any standard household or business outlet.

 

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