This morning Goldman Sachs (NYSE:GS) cut estimates from 2007 to 2009 for corn-based ethanol producers for much of the same reasoning that we have been cautious on the sector.
Raser Technologies, Inc. (NYSE Arca: RZ) announced today that it has added to its geothermal rights in the Escalante Desert in southwestern Utah through a 10 year lease agreement with a private property owner for undisclosed financial terms.
National Grid (NYSE: NGG) has welcomed plans by the MassachusettsDepartment of Environmental Protection (DEP) to introduce auctions forCO2 allowances across the state that are being developed in support ofthe Regional Greenhouse Gas Initiative (RGGI) that was endorsed byGovernor Patrick earlier this year.
Veolia Water, part of Veolia Enrinnment SA (NYSE:VE) Won a contract to Supply 3 Million inhabitants with drinking water in Tianjin, China. From what we’ve read, they need it.
ConocoPhillips (NYSE:COP) and Archer Daniels Midland (NYSE:ADM) have announced a new alliance to develop next generation biofuels. Expect more and more announcements of this sort from oil comnpanies. You don’t think any of them are going to say “No we’re not interested because we only are interested in oil.” They might feel that way today, but at the end of the day oil companies are just energy companies.
Hitachi Power Systems America, Ltd., of Hitachi America, Ltd. andpart of Hitachi (NYSE:HIT), has been awarded a contract to design andsupply a Selective Catalytic Reduction system for Hudson GeneratingStation-Unit 2, a part of PSEG Power’s generation fleet totaling morethan 13,500 MW of electric capacity. Hitachi is working with ShawGroup’s (NYSE:SGR) Stone & Webster for part of this project.
PowerSecure International, Inc. (Nasdaq:POWR) has launched a newsubsidiary, EfficientLights, that will design and manufacture lightingsolutions specifically aimed at substantially reducing the energyconsumed in lighting grocery stores. This isn’t entirely green energy,but it’s more efficient than today.
This is from last night, but CMGI Inc.’s @Ventures portfolio companycalled 212 Resources , has secured a $250 Million credit facility fromGE Energy Financial Services, part of GE (NYSE:GE).
Chevron Energy Solutions, a unit of Chevron Corporation (NYSE: CVX),today announced that it has begun engineering and construction of amajor energy efficiency project at three Shawnee County buildings thatis expected to save county taxpayers $7.5 million and lower carbondioxide emissions by 71,000 metric tons over the next 20 years.
The Clinton Global Initiative (CGI) announced today that eightutilities — Con Edison, Duke Energy, Edison International, GreatPlains Energy, Pepco Holdings, PNM Resources, Sierra Pacific Resourcesand Xcel Energy — are committed to seeking regulatory reforms andapprovals to increase their investment in energy efficiency by $500million annually to about $1.5 billion annually.
- Yesterday in “The Business of Global Warming”
- T. Boone Pickens still an oil and alternative energy bull
- Goldman Sachs recently lifted its oil super-spike price to $135 per barrel
- Ethanol Stocks Drowning in their own tanks
- Other ethanol stock downgrades
Jon C. Ogg
September 27, 2007
As a reminder, whether you prefer the term “Global Warming” or”Climate Change” is not the issue as far as 24/7 Wall St. covers it.Green business has become big business, and this affects many publiccompanies today.