Motley Fool: Are Coal and Oil Stocks Sub-Prime Investments?
Motley Fool recently published an article about the growing fossil fuel divestment movement. Sara Murphy writes: “…A growing chorus of voices is urging investors to rethink carbon assets on corporate balance sheets. Indeed, a coalition of investors just released a guide on how to eliminate carbon from your portfolio, and reinvest that money in other strategies. Co-authors 350.org, Green Century Funds, and Trillium Asset Management are involved in a movement that is gaining traction…” You can read the entire article, and watch the video, here. …
Charlotte News Observer Op-Ed: Time for Private Purchases of Renewable Power
The Charlotte News Observer published an Op-Ed, authored by Trillium’s CEO Matt Patsky, which advocates for the expansion of private sector solutions to financing renewable energy in North Carolina. “Five years ago, North Carolina became the first state in the Southeast to set a renewable energy and efficiency standard… Strong renewable energy standards like North Carolina’s are helping to build up supply chains and keep energy jobs here on our shores. …[C]ompanies are increasingly entering into long-term power purchase agreements with renewable energy developers. This way, they get the power they want – often solar panels installed right on their …
Fugitive Methane Emissions Report – ONEOK (2013)
WHEREAS: Natural gas development has been publicized for its superior environmental profile; fugitive methane emissions in the oil and gas sector represent one of the most rapidly growing sources of anthropogenic methane emissions in the US, contributing 20 percent of short-term global warming impact. The promise of natural gas as a bridge fuel to a more sustainable energy future is under question given the high short-term climate impact. The Intergovernmental Panel on Climate Change estimates that methane has 25x the impact on temperature as CO2 over a 100 year period and 72x the impact over a 20 year period. Methane is …
Fugitive Methane Emissions Report – Range Resources (2013)
WHEREAS: Natural gas development has been publicized for its superior environmental profile; fugitive methane emissions in the oil and gas sector represent one of the most rapidly growing sources of anthropogenic methane emissions in the US, contributing 20 percent of short-term global warming impact.The promise of natural gas as a bridge fuel to a more sustainable energy future is under question given the high short-term climate impact of methane emissions. The Intergovernmental Panel on Climate Change estimates that methane has 25x the impact on temperature as CO2 over a 100 year period and 72x the impact over a 20 year …
The Smart Grid Brings Smart Tips for Energy Use
Knowledge is power? Not according to Google and Microsoft. These firms and many others have recently rolled out energy efficiency tools designed for consumers to use on the emerging smart grid. The hope is that knowledge will bring less power, fewer blackouts and reduced carbon emissions. Investors are beginning to sit up and take notice of smart grid technologies, especially since the Obama Administration’s stimulus plan directed over $4 billion to the young industry. There’s been much talk about how a smart grid can reshape the utility industry, but smart grid technology also will bring about changes for you and …
Climate Change Shareholder Resolution Wins Majority at Idacorp
In a precedent setting victory, a shareholder resolution filed by Trillium Asset Management Corporation (“Trillium”), As You Sow, and Calvert that asked Idaho Power to establish greenhouse gas emissions reduction targets received 52% of the vote. This is the first time a climate change resolution has received a majority vote — the first majority vote recorded for a climate change shareholder proposal. In response to the vote, Idaho Power CEO LaMont Keen said that the company took this message seriously, and would work to meet the resolution’s request for a report by September 30th. The resolution received the endorsement of the Idaho …
Idacorp – Greenhouse Gas Emissions Reduction (2009)
WHEREAS In 2007, the Intergovernmental Panel on Climate Change found that that “warming of the climate system is unequivocal” and that man-made greenhouse gas emissions are now believed to be the cause with greater than 90 percent certainty. In October 2007, a group representing the world’s 150 scientific and engineering academies, including the U.S. National Academy of Sciences, issued a report urging governments to lower greenhouse gas emissions by establishing a firm and rising price for such emissions and by doubling energy research budgets to accelerate deployment of cleaner and more efficient technologies. In October 2006, a report authored by …
ExxonMobil – Greenhouse Gas Emissions Reduction (2009)
WHEREAS The International Energy Agency warned in its 2008 World Energy Outlook: “For all the uncertainties highlighted in this report, we can be certain that the energy world will look a lot different in 2030 than it does today. The world energy system will be transformed…” Cambridge Energy Research Associates’ (CERA) Chairman Daniel Yergin notes that “climate change and putting a price on carbon will change the dynamics of the energy marketplace.” CERA further reports that clean energy investment could surpass $7 trillion by 2030 and that “clean energy is not a bubble or passing phenomenon. Clean energy is now …
Turn Down the Heat – It's Getting Warmer
With all the talk out there about energy efficiency and reduced use, I can’t help but think of my mom, telling us kids to put on a sweater, the heat would not go up. I laugh at the person I’ve become, as I tell my own kids the same thing, adding the environmental commentary that it’s one little thing we can do and if we don’t, climate change will turn up the heat more than we’d like – before we know it. So what’s a shareholder to do, in this day and age of climate change, when a company in …
Applied Materials
Applied Materials (Nasdaq – AMAT) is the leading provider of semiconductor capital goods equipment in the world. Only about a quarter of Applied’s business volume comes from North America and Europe combined. The vast majority comes from Japan, South Korea and the Asia-Pacific zone. Applied has four business segments: 65 percent of revenues come from the Silicon segment (equipment for chip fabrication and particle deposition processes); 23 percent from wafer Fab Solutions (clean room and robotics equipment); 10 percent from Display (equipment used for TV flat panel displays, computer displays, etc.); and the balance from Energy and Environmental Solutions, including …
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