PowerShares Global Clean Energy Portfolio (PBD)
The PowerShares Global Clean Energy Portfolio (PBD – AMEX) is a global clean energy exchange traded fund (ETF) that was launched in June. It is significantly more diversified than the PowerShares WilderHill Clean Energy Portfolio (PBW), which was launched in early 2005. That makes it the best single security for investors to gain exposure to the booming market for clean energy. The underlying index (the WilderHill New Energy Global Innovation Index – NEX) contains 87 stocks versus 43 in PBW. Because it is able to own shares of foreign companies that don’t trade on U.S. exchanges, PBD offers a much …
ConocoPhillips – Efforts to Develop Renewable Energy Sources Report (2007)
WHEREAS Due to the international requirements of the Kyoto Protocol, ConocoPhillips is facing unprecedented pressure to reduce emissions and meet clean energy demands, and growing public pressure to make significant emissions reductions. To avoid the most dangerous impacts of climate change, experts believe that we must hold CO2 emissions at or near 2004 levels for the next 50 years. Some governments are implementing ambitious reduction targets, driving the demand for renewables. For example, California and New Mexico have plans to reduce greenhouse-gas emissions from 75 to 80% by 2050; the U.K., 60% by 2050. Thirty-eight states, provinces or countries have …
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