Oil and gas companies in California that make frequent corporate responsibility disclosures and high corporate political campaign contributions provide higher shareholder returns, according to a new study released by the UC Davis School of Management. The study complements previous reports showing that compliance with clean air legislation increased the productivity of refining companies in the state.
The share of electricity produced in Germany from renewable energy sources is expected to beat the government’s forecast, reaching almost 50 percent by 2025. The current expansion of wind, solar and other renewable power sources will top the official target of 35 percent by 2022. Renewable energy’s share in Germany’s electricity production has risen from 17 to 25 percent, driven by subsidies and investment incentives, since the country decided to phase out nuclear power after Japan’s 2011 disaster.
Investors Managing $800 Billion in Assets Cite Broad Economic Benefits of Production Tax Credit
BOSTON, October 24, 2012 /3BL Media/ - Two dozen investors with more than $800 billion in assets under management today called for an immediate extension of the Production Tax Credit (PTC) for renewable power. In a letter delivered to Congressional leaders, investors noted that this critical tax credit creates broad economic benefits, both for wind power producers and their suppliers across the nation. Several of these investors will meet with Congressional staff tomorrow to discuss their support for the credit.
Do you cringe when you hear the term “clean coal?” Our guest this week on Sea Change Radio feels that this term is not only an oxymoron it’s offensive to the many communities all over the world who are forced to live with the devastating environmental and health impacts of this multi-billion dollar industry. Politicians, by contrast, seem to like the term, “clean coal” quite a bit.
BMW will cut the cost of powering its computing operations by 80 percent by moving power-hungry applications to Verne Global’s 100 percent, dual-sourced, renewable-powered data center campus in Iceland. According to the U.K.-based data center developer, BMW will move intensive applications, including crash simulations, aerodynamic calculations, and computer aided design and engineering.
With a second wave of fuel cell installations in California and Connecticut, AT&T facilities will produce 17.1 MW of cleaner power from Bloom Energy servers
(3BL Media) Dallas, TX and Sunnyvale, CA - October 2, 2012 – Reliable and affordable alternative power generation is crucial for a clean energy future. AT&T took a step toward that future with the announcement of a planned additional 9.6 MW of fuel cell power from clean energy provider Bloom Energy. The new installations will make AT&T Bloom Energy’s largest non-utility customer.
(3BL Media) September 21, 2012 - Pearson plc has come top in the 2012 Corporate Renewable Energy Index (CREX) produced by Bloomberg New Energy Finance. We were one of 35 global companies to achieve a maximum score of 100 percent and Pearson was also named as a top-ranked global company in the customer services sector alongside US companies Kohl's and Whole Foods Market.
General Motors has been recognized as the top automotive solar power user in the U.S. by the Solar Energy Industries Association. The ranking paces GM at number 13 in the top 20 solar-powered companies in the country. GM has announced plans to double its global solar output to 60 megawatts in the next three years, and to increase its renewable energy use by 125 megawatts by 2020.