May 19, 2008

Coal Country Lacks Consensus on a Nominee (Wall Street Journal)

As the Democratic presidential race unfolds in coal country this week and with John McCain's recent rollout of a climate initiative, coal industry officials and environmentalists are unsure which candidate to endorse.

Exxon Facing Shareholder Revolt over Approach to Climate Change (Guardian)

A shareholder revolt at ExxonMobil led by the Rockefeller family has won the support of four major British investors who will call today for a shake-up in the governance of the world's biggest oil company.

Iberdrola Commits $8 Billion to U.S. Cleantech Sector (VentureBeat)

Spanish utility and renewables giant Iberdrola has revealed that it will invest $8 billion in America's cleantech sector over the next 3 years, which it sees as the most promising market for wind power.

Nissan, NEC to Start Producing Lithium-Ion Batteries by 2009 (Wall Street Journal)

As the race to produce zero-emission cars heats up, Nissan and tech giant NEC have announced that by 2009 they will begin mass-producing lithium-ion batteries, a vital technology needed for electric cars.

Quietly, Wind Farms Spread Giant Footprint in U.S. (Reuters)

Last year, a record 3,100 turbines were installed across 34 states and another 2,000 turbines are now under construction from CA to MA. In all, there are more than 25,000 U.S. turbines in operation, an investment of $15 billion.

Carbon Caps May Give Nuclear Power a Lift (Wall Street Journal)

One of the most vocal supporters of climate legislation currently under consideration by Congress -- the nuclear-power industry -- is poised to reap a multibillion-dollar windfall if that law takes effect.

Point Carbon Launches Database of American Carbon Projects (Environmental Leader)

Point Carbon has introduced its Carbon Project Manager North America (CPMNA). It claims to be world's first web-based, analytical tool for understanding carbon market fundamentals in the US and Canada.