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Adapting to Climate Change - Impacts for Business - 11 Aug 2008
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| AKER to build $159 million carbon unit Reuters via ENN Norwegian industrial group Aker ASA said it and a partner will invest 875 million crowns ($159.3 million) to build a facility to capture carbon dioxide emissions, saying it will be the first and biggest of its kind. Aker predicted that building such plants for industrial and power plants around the world could become a business as important as building oil platforms, and that it could make money out of helping to solve the global climate crisis. |
| ANDAVO TRAVEL claims to be setting new environmental standards for tourism industry Webwire Andavo Travel, one of the largest independent travel management firms in the United States, unveils its new green policy and pledges to 'turn back the ecological and societal disruptions of global warming'.
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| AIR FRANCE pledges to cut carbon emissions GreenBiz Air France has announced it will spend almost $3 billion a year until 2020 to modernise its fleet, a plan that will reduce pollution and noise.
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| ALCOA raises North American aluminum beverage can recycling rate from 52% to 75% by 2015 CSRwire Alcoa has announced that it has established a goal to raise the industry’s used beverage can (UBC) recycling rate in North America from its current 52% rate to 75% by 2015.
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| B&Q bans patio heaters businessGreen DIY specialist B&Q secured plaudits from environmental groups yesterday after announcing it is to phase out the sale of patio heaters as part of an initiative to slash the company's environmental impact. |
| BG STRATEGIC ADVISORS to offset its carbon emissions CSRwire BG Strategic Advisors has announced it is offsetting its carbon emissions with Carbonfund.org. BG Strategic Advisors is now the first supply chain investment bank to join the CarbonFree program. This commitment establishes BG Strategic Advisors as an environmental leader in the supply chain and investment banking community and demonstrates the proactive steps BG Strategic Advisors is taking in the fight against global climate change. |
| BMW wants green brand Environmental Leader BMW is looking for a new green brand. Some have speculated that the Triumph badge will be revived as the new green brand while others think expanding the Mini range is the way to go. But Stefan Krause, head of Sales and Marketing at BMW, says there will be no further Mini models after the impending Crossover vehicle because expanding the range might dilute the Mini’s “quirky appeal.”
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| BT unveil new range of energy efficient phones Webwire BT has unveiled a new range of more energy efficient phones, heralding the start of a £2 million commitment to improve the energy efficiency of its entire home-phone range. More than ninety per cent of the entire home phone range supplied by BT will be more energy efficient by July 2008, it was confirmed today, at no extra cost to the consumer. BT estimates that the replacement of all its DECT cordless and fixed-line phones with more energy-efficient equivalents will result in an overall reduction in CO2 emissions in excess of 195,000 tonnes over the next three years - the equivalent of taking 57,000 cars off the road for a year. Consumers are also set to save a total of more than £39m through reduced electricity bills. |
| New online resource from BIG ROOM to end consumer confusion over eco-labels GreenBiz Ecolabelling.org aims to take the mystery out of the bewildering herd of green labels by studying the foundations of all types of eco-labels aimed at both consumers and corporations. Ecolabelling.org, a project of the Vancouver-based web developing company Big Room, looks at the sources of more than 260 different ecolabels from around the globe -- labels covering everything from organic food to building products -- with the intent of cutting out consumer confusion around green labelling schemes.
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| COCA-COLA HELLENIC to install combined heat at power plants in European bottling plants to reduce carbon emissions Business Wire The Coca-Cola Hellenic Bottling Company S.A. and energy development company ContourGlobal, are launching a major industrial emissions reduction initiative in Europe with plans to install a total of 15 combined heat and power (CHP) plants at bottling facilities in 12 countries. The initiative supports the European Commission’s goal to achieve a 20% reduction in emissions by 2020.
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| CORPORATE EXPRESS converts two truck fleets to B20 biodiesel CSRwire Corporate Express US Inc=, part of the Dutch-based Corporate Express NV (NYSE: CXP), has announced that it is now fueling the majority of its delivery truck fleets in Colorado and Kansas with Blue Sun's Fusion B20 biodiesel -- an ultra-low sulfur fuel comprising 20% virgin oilseed-based biodiesel, from renewable US-grown crops, and 80% petroleum diesel. |
| DSM and ROQUETTE jointly develop bio-based intermediate for ‘green’ performance materials Webwire Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, and the French starch and starch-derivatives company ROQUETTE have joined forces to implement and commercialise the fermentative production of biorenewable succinic acid, which – among other applications - opens the possibility to produce bio-based performance materials. By the end of 2009 a demonstration plant in Lestrem (France) will be operational. |
| DAKOTA WIND ENERGY announces community owned utility scale wind project Clean Edge News Dakota Wind Energy, LLC, recently announced its plans to take advantage of South Dakota's tremendous wind potential with the formation of the state's first utility scale community-owned wind project. |
| FTSE launches global eco index GreenBiz FTSE Group has launched an environmental technology index made up of 50 of the largest green tech companies around the world. FTSE worked with Impax Asset Management to choose the company that make up the FTSE ET50 Index from 500 stocks. |
| FAT SPANIEL gets $18 million for more alt energy monitoring Cnet Fat Spaniel Technologies, which makes software that lets you know how much power you're getting from that new solar system, has raised $18 million in another round of funding. |
| GE increases renewable energy pledge to $6 billion GreenBiz GE Energy Financial Services has raised its 2010 target for renewable energy investing to $6 billion.
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| GREGORY FCA launches green marketing division GreenBiz Gregory FCA has unveiled a green marketing division to work to promote companies specialising in green technology, renewable energy, and environmentally-focused products and services.
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| INTEL is single largest corporate purchaser of green power in the United States CSRWire Intel Corp joins Green-e(R) Marketplace with the largest single purchase of renewable energy certificates (RECs) in history, representing 1.3 Million MWh of the electricity used to power its facilities throughout the US. |
| LIFESIZE unveils environmental initiative to promote green technologies Business wire LifeSize Communications, the global leader in high definition visual communications, today announced LifeSize® PlanetWise™, a comprehensive environmental initiative to promote green technologies that reduce pollution, improve the company’s environmental efficiency and provide pro-bono support to leading environmental non-governmental organisations.
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| MORGAN STANLEY closes $200 million solar fund with RECURRENT ENERGY Clean Edge News Recurrent Energy, a solar services company, recently announced the close of a $200 million staged solar project fund with Morgan Stanley. The fund represents a commitment by Morgan Stanley to provide financing for $100mm of Recurrent Energy's solar electric power projects in 2008 and an additional $100mm in 2009. |
| MOTEL 6 leads hotel industry with fluorescent bulb recycling initiative Business Wire Motel 6, the largest corporately owned and operated hotel chain in North America, has announced the completion of its roll out of the first national fluorescent light bulb and battery recycling programme within the hospitality industry.
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| NTT announces carbon offset programme Environmental Leader NTT America, a wholly-owned US subsidiary of NTT Communications Corporation, has announced a new programme to offset CO2 emissions generated from the use of its enterprise hosting and co-location services.
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| NYSE EURONEXT to launch carbon trading market The Independent via Business week NYSE Euronext will launch an international carbon trading market next year to position itself for an expected increase in emission credits trading as governments and industry step up efforts to cut pollution.
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| NIKE focuses on quality over green with its new air Jordan Business Week The latest in the popular line of basketball shoes hits stores as part of Nike's sustainable design line. But the company is hyping performance, not green.
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| PG&E seeking to develop biomethane facility Reuters via ENN California utility PG&E Corp has said it is looking for partners to develop and operate a biomethane facility as it looks to increase its use of renewable energy sources. Biomethane is pipeline-quality gas derived from organic material such as agricultural crops, manure or wood wastes.
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| PANDA turns manure into energy Environmental Leader In Texas, Panda Ethanol is nearing completion of the first-ever manure fired ethanol plant in the world, Reuters reports. The world’s first manure fired ethanol plant is expected to go online in the next two months. It will save Panda Ethanol about $30M a year.
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| RENAULT-NISSAN ALLIANCE and PROJECT BETTER PLACE to bring electric vehicles to Israel Clean Edge News The Renault-Nissan Alliance and Project Better Place recently announced a partnership to bring electric vehicles to Israel. According to the companies, the Israeli government would provide tax incentives to customers, Renault would supply the electric vehicles, and Project Better Place would construct and operate an Electric Recharge Grid across the entire country. |
| SIGHTSPEED helps Focus the Nation on global warming solutions Business wire SightSpeed Inc, the leading provider of Internet video communications, has announced that it has become a corporate sponsor of Focus the Nation, a non-partisan, grass-roots educational initiative that will educate close to 1 million youth on global warming solutions Jan. 31, 2008. |
| TATA to make electric vehicles with CHRYSLER Reuters via ENN Tata Motors Ltd, India's top vehicle maker, has signed a development contract with Chrysler LLC for electric vehicles, the Business Line paper said on Wednesday, citing unnamed industry sources. The deal, with the US carmaker's Global Electric Motorcars unit, is for an electric version of Tata's mini truck Ace that would be sold in the United States, the paper said
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| VERIZON fleet in New Jersey gets greener with introduction of 19 hybrid sedans Webwire More environmentally friendly Verizon sedans will soon be making their way through New Jersey cities and towns. Nineteen hybrid sedans will replace traditional vehicles in Verizon’s local fleet, for an estimated annual reduction in carbon emissions of nearly 50 metric tons. Verizon is rolling out 100 new hybrid sedans in metropolitan areas across the country.
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| WAL-MART announces next steps in its green evolution GreenBiz CEO Lee Scott outlined additional steps the world's largest retailer wants to take to improve its environmental footprint in a speech Wednesday. That includes strengthening environmental, social and ethical standards for its suppliers, some of whom could be paid more if they meet Wal-Mart's wishes.
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| WOOLWORTHS works to reduce refrigerant emissions GreenBiz In its bid to hold its carbon emissions at 2006 levels, Woolworths of Australia will incorporate new practices related to refrigerant at all of its new supermarkets, the Australian Age reported.
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| XYNERGY opening hydrogen-powered restaurant in Boulder Environmental Leader Xynergy has announced that it plans to open its flagship hydrogen-powered restaurant this summer in Boulder, Colorado, US.
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| ZFS launches climate initiative Environmental Leader Under a newly launched initiative, Zurich Financial Services Group has established an internal office that will oversee the study and understanding of climate-related risks across all of its businesses. As part of the initiative, it has established an advisory council who will report to ZFS’s group management on strategic and operational issues relating to climate change. |

















