Khosla Ventures Invests in EcoMotors to Deliver Efficient Diesel Engines Low-Emission
EcoMotors Engine Targets the 100 Miles Per Gallon Car by 2011
North American International Auto Show 2008MENLO PARK, Calif.--January 11, 2008 -Khosla Ventures today announced an investment in EcoMotors, an automotive company with a focus on fuel efficiency, low emissions and cost effective solutions for developing markets. EcoMotors has developed an innovative diesel engine that is aiming at delivering 100 miles per gallon (mpg) by 2011. This investment expands the venture capital firm’s focus on vehicle efficiency.
Coinciding with this announcement, Vinod Khosla will address North American International Auto Show in Detroit on Sunday, January 13, 2008. Mr. Khosla will share with Detroit his vision for the automotive industry, supported by anecdotes and developments from the innovative work coming out of the portfolio companies that Khosla Ventures has invested in.
There is substantial market opportunity for EcoMotors’ engine, as evidenced by the following industry demands and environmental considerations:
New CAFE Standards: the newly enacted law will require all manufacturers to improve fuel economy by 40% beginning in 2011. The focus of EcoMotors will be to address the challenges faced by the light truck vehicles in meeting the CAFE standards More Stringent Diesel Emission Standards: the 2010 EPA standard is forcing all diesel manufacturers to invest heavily in new emission technology. EcoMotors’ low carbon footprint will enable vehicle to pass the EPA tests with minimum post treatment investments The Rising Demand for Cars in Developing Countries: the growth of vehicle demand in China, India, and other developing countries will outpace the rest of the world. And large part of these vehicle fleets will be diesel engines. EcoMotors plans to offer a range of cost effective diesel engines from 15 HP up to 325 HP (or 625 HP with a dual module system) to address the various needs of developing markets including scooters, cars, trucks, marine and diesel power generation applications $100 per Barrel Oil: with the continued rise in worldwide demand for oil, high oil prices will be the norm in the future. EcoMotors has a laser focus on fuel efficiency. Flex Fuel Vehicles: the requirement to support multiple fuel types, such as diesel, gas, or ethanol (E85) is an important one. EcoMotors engines are designed to be adaptable to different fuel types Hybrid Vehicles: we believe that serial plug-in hybrids will be the real solution as opposed to the parallel hybrid solutions on the market today. EcoMotors will have serial plug-in hybrid adaptations of its highly efficient engine for diesel, gas or ethanol The Need for Better Engines for the Truck Market: trucks account for over 55% of all new vehicle sales in the U.S. Diesel engines from EcoMotors will be preferred for their low-end torque, fuel efficiency, and durability “We’re focused on powering the automotive fleet of tomorrow with fuel efficient building blocks,” said Vinod Khosla, Founder and Managing Partner of Khosla Ventures. “This new investment in efficient diesel engines from EcoMotors complements our firm’s other investments in the engine space. These companies are at the forefront of forming a serial plug-in hybrid platform with our multiple investments in new battery technology,” continued Khosla. “The EcoMotors founders are experienced with multiple generations of engine design at top automotive companies. This experience will apply towards the design of the 100 mpg car.”
The EcoMotors team has been designing engines for the past forty years, since 1967. The team’s specific accomplishments include developing the first high speed diesel-engines for all Volkswagens & Audis, the first 6 cylinder diesels for Volvo, the first 6-cylinder Inline-Compact-V (VR) engine in E/W installation in a compact car, first used in the Volkswagen Golf and the VR6-engine also used by Daimler-Benz. Additionally the EcoMotors team was involved in:
Converting the “Boxer motor” from air- to water-cooling A total redesign of the Ford Mustang The creation and introduction of the Ford GT Building the SVT family of specialty performance vehicles including the Mustang Cobra, F150 Lightning, Contour, and Focus Many other innovations in both commercial and military engine applications “We have searched long and hard for the best commercial partner to take our dreams to reality,” said Peter Hofbauer, EcoMotors CEO. “And Khosla Ventures is the best possible partner, with its focus on a green planet, a broad and deep portfolio across multiple related technologies, great connections in the industry and a well proven methodology of creating large companies. We are excited to deliver on the vision of the 100mpg car by 2011.”
About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in both traditional venture areas like the Internet, computing, mobile, and silicon technology arenas but also supports breakthrough scientific work in clean technology areas such as bio-refineries for energy and bioplastics, solar, battery and other environmentally friendly technologies. Khosla Ventures is based in Menlo Park, California. More information is available at www.khoslaventures.com.
About EcoMotors
EcoMotors is developing innovative next-generation diesel engines, with a focus on fuel efficiency, low emissions and cost effective solutions for developing markets. The family of EcoMotors engines will set a new industry standard for clean efficient, lightweight, and durable propulsion systems for vehicles of all types. The compact, low-profile design of the EcoMotors engine family is the perfect solution for those manufacturers developing vehicles that offer “More room for man, less room for machine.” The inherently balanced EcoMotors’ engine family offers the unique ability to stack the modules and generate fuel efficiency improvements of over 50% with no compromise in vehicle power, performance, and driveability. The company is privately held and funded by Khosla Ventures, LLC, arguably the top venture firm in the U.S. focusing on alternative, green energy systems. The leadership team melds over forty years experience at leading automotive companies designing engines. EcoMotors’ vision is to bring to market the right technology for a changing world with cleaner and more fuel efficient engine designs.
Contacts OutCast CommunicationsHeather Milne, 415-392-8282hmilne@outcastpr.com
Get insight into cleantech and renewable energy stocks with news and the cleantech and climate change podcast. This blog is part of www.investorideas.com cleantech investor content .
Sunday, January 13, 2008
Friday, January 11, 2008
updated list of presenters at online greentech investor conference
Online Greentech Investor Conference - Available March 21, 2008
The Investorideas.com Global Greentech Online Investor Conference
Insight Into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More...
Brought to you by our Green Investor Portals - www.RenewableEnergyStocks.com®, www.FuelCellCarNews.com®, www.EnvironmentStocks.com, www.Water-Stocks.com and www.GreentechInvestor.com
Registration
The conference format will consist of an audio presentation (average 15 minutes) with images in a slideshow presentation, in flash format.
The conference is free to online visitors with login registration. Click here for early registration
For companies wanting to participate, click on the link for the contracts and fax back to 866-735-3518 Canadian Companies - click here US and Foreign Companies - click here
ContactDawn Van ZantToll free: 800-665-0411Email: dvanzant@investorideas.com
InvestorIdeas.com® Online Audio Investor Conferences are Eco - Friendly. Our Online Audio Conferences Featuring CEO's and Industry Experts have minimal carbon footprint with No Travel Required!
Presenting Greentech Industry, Government and Investment Experts
Neil D. BerlantFund Manager of the PFW Water FundSince 1968, Neil has been continuously involved in the investment banking industry, either as a principal, officer, or founder of several firms. He has supervised and initiated the publication of numerous investment research reports on the water industry and conducted conferences directed towards top corporate management, the investment community, and venture capitalists. He has been a speaker at conferences on topics ranging from financing, to business and investment opportunities in the water industry. In addition, he has consulted to Fortune 500 companies and participated in negotiations concerning mergers, acquisitions, and venture capital investments. He is quoted frequently in newspapers including the Wall Street Journal, The New York Times, Los Angeles Times, Investor's Business Daily, and is a frequent water expert on CNBC.
click here for more
Neal M DikemanJane Capital Partners LLCNeal is one of the founding partners of Jane Capital Partners LLC, an energy and technology merchant bank whose clients have included the technology arms of multinational energy companies. He has launched several startups, including Carbonflow in carbon credit IT. He previously cofounded SC Power Systems, Inc. and its successor Zenergy Power plc (AIM:ZEN) in superconductor technology, helped launch WaiterPad POS Systems, Inc. in wireless hospitality POS solutions, and led the spin-out of Fideris, Inc. in fuel cell test & measurement. He has served as a director of several technology companies, edits the Cleantech Blog, named one of the 50 Best Business Blogs by London Times, and chairs Cleantech.org. Before entering private equity, he began his career in energy investment banking at Bankers Trust, and has a B.A. from Texas A&M University.
Peter C. FusaroChairman, Global Change AssociatesPeter C. Fusaro is Chairman of Global Change Associates in New York and is the best selling author of What Went Wrong at Enron and 12 other books on energy and the environment. Peter is an energy industry thought leader noted for his keen insights in emerging energy and environmental financial markets. He has been on the forefront of energy and environmental change for over 30 years focusing on oil, gas, power, coal, emissions, carbon trading and renewable energy markets. Peter is currently advising on carbon trading and clean energy technology arena to financial services companies. Peter was selected for Who’s Who in America for 2007 and 2008. He coined the term “Green Trading” and holds the Wall Street Green Trading Summit with Reuters in New York each spring. He is also a well known expert on Asia Pacific energy and environmental markets. He co-founded the Energy Hedge Fund Center LLC (www.energyhedgefunds.com) in 2004. Peter graduated with an MA in international relations from Tufts University and a BA from Carnegie-Mellon University.
J. Peter LynchSolar ExpertMr. J. Peter Lynch has worked, for 31 years as a Wall Street security analyst, an independent investment/merchant banker and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy area since 1977 and is regarded as a leading expert in this field.He is one of the few people with a through understand of each of the critical areas involved: finance, the equity markets and the renewable energy industry. He was the contributing editor for 17 years to the Photovoltaic Insider Report, the leading publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world.He has been a speaker and presenter at numerous financial conferences on a variety of topics, including solar energy and solar energy related stocks. He is currently a private investor and financial/technology consultant to a number of companies. He can be reached via e-mail at: solarjpl@aol.com.
Robert Wilder, J.D., Ph.D.WilderHill Clean Energy IndexDr. Rob Wilder is Founder and the Manager of the WilderHill Clean Energy Index (ECO), the first and leading Index on Wall Street for renewables & clean solutions. The Index is tracked by a PowerShares WilderHill Clean Energy Portfolio (symbol PBW) which has grown to over $1.75 billion in assets within its first three years. www.wildershares.com
click here for more
Jamie Wimberly, CEODistributed Energy Financial Group (DEFG)Jamie Wimberly founded and currently serves as CEO of the Distributed Energy Financial Group (DEFG, www.defgllc.com), a holding company with three branded entities, including: DEFG LLC, EcoAlign, DEFG Ventures.
click here for more
Participating Public Companies
XsunX, Inc.(OTCBB: XSNX)Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi-megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. www.XsunX.com
(If you are interested in participating in our conference please contact Dawn Van Zant
The Investorideas.com Global Greentech Online Investor Conference
Insight Into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More...
Brought to you by our Green Investor Portals - www.RenewableEnergyStocks.com®, www.FuelCellCarNews.com®, www.EnvironmentStocks.com, www.Water-Stocks.com and www.GreentechInvestor.com
Registration
The conference format will consist of an audio presentation (average 15 minutes) with images in a slideshow presentation, in flash format.
The conference is free to online visitors with login registration. Click here for early registration
For companies wanting to participate, click on the link for the contracts and fax back to 866-735-3518 Canadian Companies - click here US and Foreign Companies - click here
ContactDawn Van ZantToll free: 800-665-0411Email: dvanzant@investorideas.com
InvestorIdeas.com® Online Audio Investor Conferences are Eco - Friendly. Our Online Audio Conferences Featuring CEO's and Industry Experts have minimal carbon footprint with No Travel Required!
Presenting Greentech Industry, Government and Investment Experts
Neil D. BerlantFund Manager of the PFW Water FundSince 1968, Neil has been continuously involved in the investment banking industry, either as a principal, officer, or founder of several firms. He has supervised and initiated the publication of numerous investment research reports on the water industry and conducted conferences directed towards top corporate management, the investment community, and venture capitalists. He has been a speaker at conferences on topics ranging from financing, to business and investment opportunities in the water industry. In addition, he has consulted to Fortune 500 companies and participated in negotiations concerning mergers, acquisitions, and venture capital investments. He is quoted frequently in newspapers including the Wall Street Journal, The New York Times, Los Angeles Times, Investor's Business Daily, and is a frequent water expert on CNBC.
click here for more
Neal M DikemanJane Capital Partners LLCNeal is one of the founding partners of Jane Capital Partners LLC, an energy and technology merchant bank whose clients have included the technology arms of multinational energy companies. He has launched several startups, including Carbonflow in carbon credit IT. He previously cofounded SC Power Systems, Inc. and its successor Zenergy Power plc (AIM:ZEN) in superconductor technology, helped launch WaiterPad POS Systems, Inc. in wireless hospitality POS solutions, and led the spin-out of Fideris, Inc. in fuel cell test & measurement. He has served as a director of several technology companies, edits the Cleantech Blog, named one of the 50 Best Business Blogs by London Times, and chairs Cleantech.org. Before entering private equity, he began his career in energy investment banking at Bankers Trust, and has a B.A. from Texas A&M University.
Peter C. FusaroChairman, Global Change AssociatesPeter C. Fusaro is Chairman of Global Change Associates in New York and is the best selling author of What Went Wrong at Enron and 12 other books on energy and the environment. Peter is an energy industry thought leader noted for his keen insights in emerging energy and environmental financial markets. He has been on the forefront of energy and environmental change for over 30 years focusing on oil, gas, power, coal, emissions, carbon trading and renewable energy markets. Peter is currently advising on carbon trading and clean energy technology arena to financial services companies. Peter was selected for Who’s Who in America for 2007 and 2008. He coined the term “Green Trading” and holds the Wall Street Green Trading Summit with Reuters in New York each spring. He is also a well known expert on Asia Pacific energy and environmental markets. He co-founded the Energy Hedge Fund Center LLC (www.energyhedgefunds.com) in 2004. Peter graduated with an MA in international relations from Tufts University and a BA from Carnegie-Mellon University.
J. Peter LynchSolar ExpertMr. J. Peter Lynch has worked, for 31 years as a Wall Street security analyst, an independent investment/merchant banker and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy area since 1977 and is regarded as a leading expert in this field.He is one of the few people with a through understand of each of the critical areas involved: finance, the equity markets and the renewable energy industry. He was the contributing editor for 17 years to the Photovoltaic Insider Report, the leading publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world.He has been a speaker and presenter at numerous financial conferences on a variety of topics, including solar energy and solar energy related stocks. He is currently a private investor and financial/technology consultant to a number of companies. He can be reached via e-mail at: solarjpl@aol.com.
Robert Wilder, J.D., Ph.D.WilderHill Clean Energy IndexDr. Rob Wilder is Founder and the Manager of the WilderHill Clean Energy Index (ECO), the first and leading Index on Wall Street for renewables & clean solutions. The Index is tracked by a PowerShares WilderHill Clean Energy Portfolio (symbol PBW) which has grown to over $1.75 billion in assets within its first three years. www.wildershares.com
click here for more
Jamie Wimberly, CEODistributed Energy Financial Group (DEFG)Jamie Wimberly founded and currently serves as CEO of the Distributed Energy Financial Group (DEFG, www.defgllc.com), a holding company with three branded entities, including: DEFG LLC, EcoAlign, DEFG Ventures.
click here for more
Participating Public Companies
XsunX, Inc.(OTCBB: XSNX)Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi-megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. www.XsunX.com
(If you are interested in participating in our conference please contact Dawn Van Zant
Monday, January 07, 2008
Greentech Industry Speaker Invitation
Greentech Industry Speaker Invitation:
Analysts, Fund Managers, Venture Capital, Industry Experts, Government
Investorideas.com Announces its Upcoming Global Greentech Online Investor Conference March 21st 2008
http://www.investorideas.com/Forums/Portals/Green2.aspx
“Insight into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More...”
Investorideas.com January 7,2008 :
As Renewable Energy and Greentech Interest is on the rise – this online conference is expected to attract a larger global audience than our previous investor Greentech conferences!
Industry Experts and Public Companies Discuss Opportunities in Greentech and Renewable Energy Resources and Insight into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More...
Hosted by: InvestorIdeas.com and sector portals: www.RenewableEnergyStocks.com®, www.FuelCellCarNews.com®, www.EnvironmentStocks.com www.Water-Stocks.com
Speaker Invitation to Participate in Upcoming Global Greentech Online Investor Conference -
We make it easy for you to participate- we record your audio on the phone at your convenience and you just mail us your PowerPoint (optional)
http://www.investorideas.com/Forums/Portals/Green2.aspx
(see last years September conference as reference) our last year conferences received over 50,000 online visitors in the first three days!
Theme: Insight into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More
Format: Audio and (optional: PowerPoint or Flash)
Live- March 21st 2008: Pre-recorded on the phone, ahead of time at your convenience
We are currently inviting industry experts and speakers to participate in our upcoming online mining conference.
Format: Audio Presentations and Power Point or Flash Presentations
Public Companies and Industry Experts provide a comprehensive sector overview as they discuss the Greentech industry. Investors can gain insight into market movement and opportunities within the Greentech sector.
Please set up Audio Presentations:
Please email short company description, website, bio and speakers name and title to:
jloeppky@investorideas.com
Please email PowerPoint’s to:
jloeppky@investorideas.com
Please email news permissions in releases going to wire to dvanzant@investorideas.com
CD available upon request for speakers
* If you already have an audio file presentation prepared at your company (10-15 minutes) please email jloeppky@investorideas.com
Investorideas.com green portals are global investor and industry research portals that cover the renewable energy , water and greentech sectors. The portals do not make stock recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks in the sector.
Dawn L. Van Zant - PresidentToll Free: (800) 665-0411Email dvanzant@investorideas.com
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Analysts, Fund Managers, Venture Capital, Industry Experts, Government
Investorideas.com Announces its Upcoming Global Greentech Online Investor Conference March 21st 2008
http://www.investorideas.com/Forums/Portals/Green2.aspx
“Insight into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More...”
Investorideas.com January 7,2008 :
As Renewable Energy and Greentech Interest is on the rise – this online conference is expected to attract a larger global audience than our previous investor Greentech conferences!
Industry Experts and Public Companies Discuss Opportunities in Greentech and Renewable Energy Resources and Insight into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More...
Hosted by: InvestorIdeas.com and sector portals: www.RenewableEnergyStocks.com®, www.FuelCellCarNews.com®, www.EnvironmentStocks.com www.Water-Stocks.com
Speaker Invitation to Participate in Upcoming Global Greentech Online Investor Conference -
We make it easy for you to participate- we record your audio on the phone at your convenience and you just mail us your PowerPoint (optional)
http://www.investorideas.com/Forums/Portals/Green2.aspx
(see last years September conference as reference) our last year conferences received over 50,000 online visitors in the first three days!
Theme: Insight into Global Green Investing Trends and Opportunities in Solar, Wind, Biofuel, Green Transportation, Water and More
Format: Audio and (optional: PowerPoint or Flash)
Live- March 21st 2008: Pre-recorded on the phone, ahead of time at your convenience
We are currently inviting industry experts and speakers to participate in our upcoming online mining conference.
Format: Audio Presentations and Power Point or Flash Presentations
Public Companies and Industry Experts provide a comprehensive sector overview as they discuss the Greentech industry. Investors can gain insight into market movement and opportunities within the Greentech sector.
Please set up Audio Presentations:
Please email short company description, website, bio and speakers name and title to:
jloeppky@investorideas.com
Please email PowerPoint’s to:
jloeppky@investorideas.com
Please email news permissions in releases going to wire to dvanzant@investorideas.com
CD available upon request for speakers
* If you already have an audio file presentation prepared at your company (10-15 minutes) please email jloeppky@investorideas.com
Investorideas.com green portals are global investor and industry research portals that cover the renewable energy , water and greentech sectors. The portals do not make stock recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks in the sector.
Dawn L. Van Zant - PresidentToll Free: (800) 665-0411Email dvanzant@investorideas.com
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Wednesday, January 02, 2008
Governor Schwarzenegger Announces EPA Suit Filed to Reverse Waiver Denial
In a call earlier today-California Air Resources Board Chair, Mary Nichols noted:" California did not try to adopt fuel economy standards. The goal was to make significant reductions in global warming..."
"The CA rules achieve greater fuel efficiency, getting roughly 44 mpg in 2020 vs Federal standard of 35mpg.”
"Every day we are adding more greenhouse gases into the atmosphere and what we show is the between 2009 and 2016 the CA Standards will prevent about three times the Federal standard..."
Governor Schwarzenegger Announces EPA Suit Filed to Reverse Waiver Denial
FOR IMMEDIATE RELEASE
01/02/2008 -Governor Schwarzenegger issued the following statement on California filing suit today against the U.S. Environmental Protection Agency (U.S. EPA) to overturn its decision denying a waiver to enforce state regulations to limit greenhouse gas emissions from cars:
"It is unconscionable that the federal government is keeping California and nineteen other states from adopting these standards. They are ignoring the will of millions of people who want their government to take action in the fight against global warming. That's why, at the very first legal opportunity, we're suing to reverse the U.S. EPA’s wrong decision. California has always been a leader in protecting the environment, and we will do everything in our power to continue that proud tradition."
The lawsuit was filed today in the Ninth Circuit Court of Appeals.
Over the past 40 years, the U.S. EPA has granted California more than 40 waivers, denying none. More than a dozen other states are expected to file a motion to intervene in support of California’s lawsuit, including Massachusetts and New York.
Under the Federal Clean Air Act, California has the right to set its own tougher-than-federal vehicle emission standards, as long as it obtains a waiver from the U.S. EPA.
The original request for a waiver of federal preemption of California's motor vehicle greenhouse gas emissions standards was made by the California Air Resources Board (ARB) on December 21, 2005. The waiver, allowing California to enact and enforce emissions standards to reduce greenhouse gas emissions from automobiles, was requested after the ARB developed regulations based on a 2002 California law, AB 1493 by Assemblymember Fran Pavley.
That law required California to establish new standards for motor vehicle greenhouse gas emissions beginning in model year 2009. The ARB-adopted regulations will phase in and ramp up over eight years to cut global warming emissions from new vehicles by nearly 30 percent by model year 2016.
By implementing these standards, California would be eliminating greenhouse gases equivalent to taking 6.5 million cars off the road by the year 2020. If all the other states with similar plans follow through, that figure would grow to more than 22 million vehicles and would cut gasoline consumption by an estimated 11 billion or more gallons a year.
In letters sent on April 10, 2006, and October 24, 2006, to President Bush, the Governor reiterated the urgency of approving California's request to address global warming. On April 25, 2007, 16 months after the original waiver request, Governor Schwarzenegger sent a letter to Administrator Johnson informing him of California's intent to sue after 180 days under the Clean Air Act and Administrative Procedure Act, which provides mechanisms for compelling delayed agency action.
California's request has been supported by recent judicial decisions. In September, a court decision in Vermont confirmed that states do have the ability to adopt California's motor vehicle greenhouse gas emissions standards.
In the Vermont case, the judge dismissed the argument by automobile manufacturers that they could not comply with the California-based regulation because the technology was out of reach and that it would cost too much. The Vermont decision came on the heels of a U.S. Supreme Court ruling last April saying the U.S. EPA has the authority to regulate greenhouse gases.
Last month, a federal court in Fresno issued a ruling that re-confirms states' ability to set motor vehicle greenhouse gas emissions standards, modeled after California's strict regulations.
States that have adopted, or are in the process of adopting, California's strict automobile emissions standards are: Arizona, Colorado, Connecticut, Florida, Illinois, Iowa, Maine, Maryland, Massachusetts, Montana, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Utah, Vermont and Washington.
"The CA rules achieve greater fuel efficiency, getting roughly 44 mpg in 2020 vs Federal standard of 35mpg.”
"Every day we are adding more greenhouse gases into the atmosphere and what we show is the between 2009 and 2016 the CA Standards will prevent about three times the Federal standard..."
Governor Schwarzenegger Announces EPA Suit Filed to Reverse Waiver Denial
FOR IMMEDIATE RELEASE
01/02/2008 -Governor Schwarzenegger issued the following statement on California filing suit today against the U.S. Environmental Protection Agency (U.S. EPA) to overturn its decision denying a waiver to enforce state regulations to limit greenhouse gas emissions from cars:
"It is unconscionable that the federal government is keeping California and nineteen other states from adopting these standards. They are ignoring the will of millions of people who want their government to take action in the fight against global warming. That's why, at the very first legal opportunity, we're suing to reverse the U.S. EPA’s wrong decision. California has always been a leader in protecting the environment, and we will do everything in our power to continue that proud tradition."
The lawsuit was filed today in the Ninth Circuit Court of Appeals.
Over the past 40 years, the U.S. EPA has granted California more than 40 waivers, denying none. More than a dozen other states are expected to file a motion to intervene in support of California’s lawsuit, including Massachusetts and New York.
Under the Federal Clean Air Act, California has the right to set its own tougher-than-federal vehicle emission standards, as long as it obtains a waiver from the U.S. EPA.
The original request for a waiver of federal preemption of California's motor vehicle greenhouse gas emissions standards was made by the California Air Resources Board (ARB) on December 21, 2005. The waiver, allowing California to enact and enforce emissions standards to reduce greenhouse gas emissions from automobiles, was requested after the ARB developed regulations based on a 2002 California law, AB 1493 by Assemblymember Fran Pavley.
That law required California to establish new standards for motor vehicle greenhouse gas emissions beginning in model year 2009. The ARB-adopted regulations will phase in and ramp up over eight years to cut global warming emissions from new vehicles by nearly 30 percent by model year 2016.
By implementing these standards, California would be eliminating greenhouse gases equivalent to taking 6.5 million cars off the road by the year 2020. If all the other states with similar plans follow through, that figure would grow to more than 22 million vehicles and would cut gasoline consumption by an estimated 11 billion or more gallons a year.
In letters sent on April 10, 2006, and October 24, 2006, to President Bush, the Governor reiterated the urgency of approving California's request to address global warming. On April 25, 2007, 16 months after the original waiver request, Governor Schwarzenegger sent a letter to Administrator Johnson informing him of California's intent to sue after 180 days under the Clean Air Act and Administrative Procedure Act, which provides mechanisms for compelling delayed agency action.
California's request has been supported by recent judicial decisions. In September, a court decision in Vermont confirmed that states do have the ability to adopt California's motor vehicle greenhouse gas emissions standards.
In the Vermont case, the judge dismissed the argument by automobile manufacturers that they could not comply with the California-based regulation because the technology was out of reach and that it would cost too much. The Vermont decision came on the heels of a U.S. Supreme Court ruling last April saying the U.S. EPA has the authority to regulate greenhouse gases.
Last month, a federal court in Fresno issued a ruling that re-confirms states' ability to set motor vehicle greenhouse gas emissions standards, modeled after California's strict regulations.
States that have adopted, or are in the process of adopting, California's strict automobile emissions standards are: Arizona, Colorado, Connecticut, Florida, Illinois, Iowa, Maine, Maryland, Massachusetts, Montana, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Utah, Vermont and Washington.
New Renewable Energy stock listing - GREENHUNTER ENERGY (AMEX:GRH)
American Stock Exchange Lists the Common Stock of GreenHunter Energy, Inc.
NEW YORK, Jan. 2 , 2008 -- The American Stock Exchange® (Amex®) today lists the common stock of GreenHunter Energy, Inc. under the ticker symbol GRH.Located in Grapevine, Texas, GreenHunter Energy, Inc. is a company focused on the renewable energy sector of wind, bio-mass and bio-fuel. The Company's assets consist of leases of real property of future development of wind energy projects located in Montana, New Mexico and California, a former waste-oil and chemical refinery currently being converted to a bio-diesel refinery located in Houston, Texas and a bio-mass power plant located in El Centro, California.
"We proudly welcome GreenHunter Energy, Inc. to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO of Amex. "Many energy companies have chosen to list at the Amex, and we are pleased that GreenHunter Energy is the latest company to recognize our expanding presence in this important sector."
Gary C. Evans, Chairman and CEO of GreenHunter Energy, Inc., stated, "As our management team continues to implement our business plan during 2008 and beyond, our capital needs required to fund this future growth will dramatically expand. Our past experience has proven that a market-driven listed security will significantly broaden our financing options with many investment banking institutions on Wall Street. By having a listed security, GreenHunter Energy shareholders will greatly benefit from the increased investor visibility that comes with trading on Amex."
The specialist for GreenHunter Energy, Inc. is Kellogg Capital Group, LLC. For further information on GRH and other Amex-listed companies, please visit www.amex.com.
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 380 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
Source: American Stock Exchange(R)
GREENHUNTER ENERGY (AMEX:GRH) GreenHunter Energy is focused on the renewable energy sectors of wind, solar, biofuels, and biomass power plants. Our assets consist of leases of real property for future development of wind energy projects located in Montana, New Mexico and California, a former waste oil and chemical refinery currently being converted to the nation’s largest biodiesel refinery located in Houston, Texas, and a biomass power plant located in El Centro, California. Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company that provides to investors a portfolio of diversified assets in the alternative energy sector.http://www.greenhunterenergy.com/
We will be adding GreenHunter to our growing list of renewable energy stocks today
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
NEW YORK, Jan. 2 , 2008 -- The American Stock Exchange® (Amex®) today lists the common stock of GreenHunter Energy, Inc. under the ticker symbol GRH.Located in Grapevine, Texas, GreenHunter Energy, Inc. is a company focused on the renewable energy sector of wind, bio-mass and bio-fuel. The Company's assets consist of leases of real property of future development of wind energy projects located in Montana, New Mexico and California, a former waste-oil and chemical refinery currently being converted to a bio-diesel refinery located in Houston, Texas and a bio-mass power plant located in El Centro, California.
"We proudly welcome GreenHunter Energy, Inc. to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO of Amex. "Many energy companies have chosen to list at the Amex, and we are pleased that GreenHunter Energy is the latest company to recognize our expanding presence in this important sector."
Gary C. Evans, Chairman and CEO of GreenHunter Energy, Inc., stated, "As our management team continues to implement our business plan during 2008 and beyond, our capital needs required to fund this future growth will dramatically expand. Our past experience has proven that a market-driven listed security will significantly broaden our financing options with many investment banking institutions on Wall Street. By having a listed security, GreenHunter Energy shareholders will greatly benefit from the increased investor visibility that comes with trading on Amex."
The specialist for GreenHunter Energy, Inc. is Kellogg Capital Group, LLC. For further information on GRH and other Amex-listed companies, please visit www.amex.com.
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 380 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
Source: American Stock Exchange(R)
GREENHUNTER ENERGY (AMEX:GRH) GreenHunter Energy is focused on the renewable energy sectors of wind, solar, biofuels, and biomass power plants. Our assets consist of leases of real property for future development of wind energy projects located in Montana, New Mexico and California, a former waste oil and chemical refinery currently being converted to the nation’s largest biodiesel refinery located in Houston, Texas, and a biomass power plant located in El Centro, California. Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company that provides to investors a portfolio of diversified assets in the alternative energy sector.http://www.greenhunterenergy.com/
We will be adding GreenHunter to our growing list of renewable energy stocks today
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Saturday, December 29, 2007
Gov. Arnold Schwarzenegger discusses green business
Gov. Arnold Schwarzenegger discusses why green is the smart color for business and politics.
TIME'S Kristin Kloberdanz with Gov. Arnold Schwarzenegger ...
http://www.time.com/time/nation/article/0,8599,1698594,00.html
You've seen growth, as opposed to a shifting of resources?
"We've seen shifting and also growth, especially green technology growth. I was in China recently. I talked to Youngman manufacturing, one of the largest manufacturers in China. They're going to build a plant here. They're going to build cars here that are all electric. ZAP cars. It's unbelievable. It's all electric. You come home at night and plug it in.... This state is booming when it comes to research and development of green technology."
-Arnold Schwarzenegger
Additionally RenewableEnergyStocks.com features the Driving Green Podcast, providing insight into the highways of the future. Recent audio interviews/Podcasts include:
Investorideas.com renewable energy and environmental interview with Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change.”
http://investorideas.com/Podcasts/audio/120407.mp3
About Featured Showcase Company, Electric car pioneer ZAP (OTCBB: ZAAP):
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
www.InvestorIdeas.com/About/Disclaimer.asp
about Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com.
TIME'S Kristin Kloberdanz with Gov. Arnold Schwarzenegger ...
http://www.time.com/time/nation/article/0,8599,1698594,00.html
You've seen growth, as opposed to a shifting of resources?
"We've seen shifting and also growth, especially green technology growth. I was in China recently. I talked to Youngman manufacturing, one of the largest manufacturers in China. They're going to build a plant here. They're going to build cars here that are all electric. ZAP cars. It's unbelievable. It's all electric. You come home at night and plug it in.... This state is booming when it comes to research and development of green technology."
-Arnold Schwarzenegger
Additionally RenewableEnergyStocks.com features the Driving Green Podcast, providing insight into the highways of the future. Recent audio interviews/Podcasts include:
Investorideas.com renewable energy and environmental interview with Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change.”
http://investorideas.com/Podcasts/audio/120407.mp3
About Featured Showcase Company, Electric car pioneer ZAP (OTCBB: ZAAP):
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
www.InvestorIdeas.com/About/Disclaimer.asp
about Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com.
Thursday, December 27, 2007
ADNOC To Set up 11 CNG Stations in Abu Dhabi Emirate
ADNOC To Set up 11 CNG Stations in Abu Dhabi Emirate
By end of 2008, Abu Dhabi Emirate to Have 8 Stations where public can convert their cars to CNG
Environment Agencey Abu Dhabi Emirate, Date:26/12/2007- The Technical Committee Responsible for Implementing Compressed Natural Gas as a Cleaner Alternative held its 14th meeting at the Emirates Standardization and Meteorological Authority Headquarters on December 25, 2007. Compressed Natural Gas, otherwise known as CNG is a safe, environmentally-friendly alternative to petrol.
This Technical Committee is chaired by Environment Agency-Abu Dhabi (EAD) and consists of members from ADNOC Distribution, Emirates Standardization and Meteorological Authority, Abu Dhabi Police General Headquarters, Public Transportation Department, Federal Environment Agency and Mubadala.
During the meeting, Committee members discussed the progress achieved so far in terms of reaching Abu Dhabi Emirate’s goal of having 20% of the Abu Dhabi Government cars converted to run on CNG by January, 2012.
The Committee discussed the steps that each member organization would take in the next two years (2008-2012) in order to implement this strategy. As part of this effort, ADNOC Distribution will be implementing public awareness campaigns highlighting to the community the benefits of switching their cars to run on CNG.
During the meeting, ADNOC Distribution announced it will finish setting up 11 stations in the Emirate of Abu Dhabi to provide CNG to cars as well as 8 workshops in the Emirate where cars could be converted to run on CNG by end of 2008. In Sharjah, 5 such stations will be set up.
ADNOC Distribution also announced that, in coordination with Dubai’s Roads and Transport Authority (RTA) Marine Agency and Emirates Gas have supplied the Abra project currently being implemented in Dubai with CNG from Abu Dhabi’s Al Maha Station (located in Al Mina Area). Al Maha Station was the 1st station in Abu Dhabi to supply CNG.
EAD will be studying the possibility of reducing registration or renewal fees for permitted facilities with CNG cars to be implemented in early 2009. This would aim to be an economic incentive for more car owners to switch to CNG. Moreover, EAD announced it would be meeting with Abu Dhabi Police General Headquarters to discuss the possibility of implementing the ‘Environmental Radar’ in the Emirate of Abu Dhabi.
During the meeting, the Public Transportation Department announced that it will meet with EAD and ADNOC Distribution to discuss the possibility of purchasing buses that would run on CNG. The General Transportation Administration will also meet with the waste collection companies commissioned by the General Authority for Health Services to look into the possibility of switching some of its vehicles to CNG. Mubadala, in coordination with the Taxi Transport Regulation Center, will set a mechanism to switch a percentage of its feel to run on CNG.
Meanwhile, the Federal Environment Authority (FEA) announced that it has contacted all relevant parties on the federal level to entice them to follow the lead of Abu Dhabi’s in this field. While some emirates expressed their encouragement of the idea, other emirates expressed hesitation due to lack of necessary infrastructure to carry out the project.
More About Compressed Natural Gas (CNG)• CNG has been used for many years to run vehicles in New Zealand, Italy, Argentina and the USA.• Converting your vehicle to run on CNG will involve the fitting of cylinder(s), normally in the boot of the car to store CNG, and associated equipment to allow the gas to flow into the engine.• When converting to CNG, you retain the existing petrol carburetor and fuel tank so that vehicle will still run on petrol. Normally just by turning a switch on the dashboard you can switch between fuel sources. Therefore, nothing will stop the vehicle traveling on petrol outside the area where CNG is not available. However, fuel savings will naturally be greater if the vehicle is run on CNG.• The annual saving in fuel cost through running on CNG will depend on the size and fuel consumption of your vehicle, and on the annual mileage you incur on CNG.• The life of an engine increases by using CNG. Lubricating oil life is extended considerably because CNG does not contaminate and dilute the crankcase oil. • CNG provides easy starting, reliable idling and smooth acceleration.
http://www.ead.ae/en/
By end of 2008, Abu Dhabi Emirate to Have 8 Stations where public can convert their cars to CNG
Environment Agencey Abu Dhabi Emirate, Date:26/12/2007- The Technical Committee Responsible for Implementing Compressed Natural Gas as a Cleaner Alternative held its 14th meeting at the Emirates Standardization and Meteorological Authority Headquarters on December 25, 2007. Compressed Natural Gas, otherwise known as CNG is a safe, environmentally-friendly alternative to petrol.
This Technical Committee is chaired by Environment Agency-Abu Dhabi (EAD) and consists of members from ADNOC Distribution, Emirates Standardization and Meteorological Authority, Abu Dhabi Police General Headquarters, Public Transportation Department, Federal Environment Agency and Mubadala.
During the meeting, Committee members discussed the progress achieved so far in terms of reaching Abu Dhabi Emirate’s goal of having 20% of the Abu Dhabi Government cars converted to run on CNG by January, 2012.
The Committee discussed the steps that each member organization would take in the next two years (2008-2012) in order to implement this strategy. As part of this effort, ADNOC Distribution will be implementing public awareness campaigns highlighting to the community the benefits of switching their cars to run on CNG.
During the meeting, ADNOC Distribution announced it will finish setting up 11 stations in the Emirate of Abu Dhabi to provide CNG to cars as well as 8 workshops in the Emirate where cars could be converted to run on CNG by end of 2008. In Sharjah, 5 such stations will be set up.
ADNOC Distribution also announced that, in coordination with Dubai’s Roads and Transport Authority (RTA) Marine Agency and Emirates Gas have supplied the Abra project currently being implemented in Dubai with CNG from Abu Dhabi’s Al Maha Station (located in Al Mina Area). Al Maha Station was the 1st station in Abu Dhabi to supply CNG.
EAD will be studying the possibility of reducing registration or renewal fees for permitted facilities with CNG cars to be implemented in early 2009. This would aim to be an economic incentive for more car owners to switch to CNG. Moreover, EAD announced it would be meeting with Abu Dhabi Police General Headquarters to discuss the possibility of implementing the ‘Environmental Radar’ in the Emirate of Abu Dhabi.
During the meeting, the Public Transportation Department announced that it will meet with EAD and ADNOC Distribution to discuss the possibility of purchasing buses that would run on CNG. The General Transportation Administration will also meet with the waste collection companies commissioned by the General Authority for Health Services to look into the possibility of switching some of its vehicles to CNG. Mubadala, in coordination with the Taxi Transport Regulation Center, will set a mechanism to switch a percentage of its feel to run on CNG.
Meanwhile, the Federal Environment Authority (FEA) announced that it has contacted all relevant parties on the federal level to entice them to follow the lead of Abu Dhabi’s in this field. While some emirates expressed their encouragement of the idea, other emirates expressed hesitation due to lack of necessary infrastructure to carry out the project.
More About Compressed Natural Gas (CNG)• CNG has been used for many years to run vehicles in New Zealand, Italy, Argentina and the USA.• Converting your vehicle to run on CNG will involve the fitting of cylinder(s), normally in the boot of the car to store CNG, and associated equipment to allow the gas to flow into the engine.• When converting to CNG, you retain the existing petrol carburetor and fuel tank so that vehicle will still run on petrol. Normally just by turning a switch on the dashboard you can switch between fuel sources. Therefore, nothing will stop the vehicle traveling on petrol outside the area where CNG is not available. However, fuel savings will naturally be greater if the vehicle is run on CNG.• The annual saving in fuel cost through running on CNG will depend on the size and fuel consumption of your vehicle, and on the annual mileage you incur on CNG.• The life of an engine increases by using CNG. Lubricating oil life is extended considerably because CNG does not contaminate and dilute the crankcase oil. • CNG provides easy starting, reliable idling and smooth acceleration.
http://www.ead.ae/en/
Wednesday, December 26, 2007
China publishes energy white paper
China publishes energy white paper
China.org.cn December 26, 2007-The State Council Information Office published on Wednesday a white paper entitled China's Energy Conditions and Policies. The document, composed of eight chapters, points out that China, as an irreplaceable component of the world energy market, plays an increasingly important role in maintaining global energy security.
China's Energy Conditions and Policies
Preface
"Energy is an essential material basis for human survival and development. Over the entire history of mankind, each and every significant step in the progress of human civilization has been accompanied by energy innovations and substitutions. The development and utilization of energy has enormously boosted the development of the world economy and human society.
Over more than 100 years in the past, developed countries have completed their industrialization, consuming an enormous quantity of natural resources, especially energy resources, in the process. Today, some developing countries are ushering in their own era of industrialization, and an increase of energy consumption is inevitable for their economic and social development.
China is the largest developing country in the world, and developing its economy and eliminating poverty will, for a long time to come, remain the main tasks for the Chinese government and the Chinese people. Since the late 1970s, China, as the fastest growing developing country, has scored brilliant achievements in its economy and society that have attracted worldwide attention, successfully blazed the trail of socialism with Chinese characteristics, and made significant contributions to world development and prosperity.
China is now the world's second-largest energy producer and consumer. The sustained growth of energy supply has provided an important support for the country's economic growth and social progress, while the rapid expansion of energy consumption has created a vast scope for the global energy market. As an irreplaceable component of the world energy market, China plays an increasingly important role in maintaining global energy security.
Guided by the Scientific Outlook on Development, the Chinese government is accelerating its development of a modern energy industry, taking resource conservation and environmental protection as two basic state policies, giving prominence to building a resource-conserving and environment-friendly society in the course of its industrialization and modernization, striving to enhance its capability for sustainable development and making China an innovative country, so as to make greater contributions to the world's economy and prosperity.
I. Current Situation of Energy Development
Energy resources are the basis of energy development. Since New China was founded in 1949, it has made constant endeavors in energy resources prospecting, and conducted several resources assessments. China's energy resources have the following characteristics:
-- Energy resources abound. China boasts fairly rich fossil energy resources, dominated by coal. By 2006, the reserves of coal stood at 1,034.5 billion tons, and the remaining verified reserves exploitable accounted for 13 percent of the world total, ranking China third in the world. The verified reserves of oil and natural gas are relatively small, while oil shale, coal-bed gas and other unconventional fossil energy resources have huge potential for exploitation. China also boasts fairly abundant renewable energy resources. In 2006, the theoretical reserves of hydropower resources were equal to 6,190 billion kwh, and the economically exploitable annual power output was 1,760 billion kwh, equivalent to 12 percent of global hydropower resources, ranking the country first in the world.
-- China's per-capita average of energy resources is very low. China has a large population, resulting in a low per-capita average of energy resources in the world. The per-capita average of both coal and hydropower resources is 50 percent of the world's average, while the per-capita average of both oil and natural gas resources is only about one-fifteenth of the world's average. The per-capita average of arable land is less than 30 percent of the world's average, which has hindered the development of biomass energy.
-- The distribution of energy resources is imbalanced. China's energy resources are scattered widely across the country, but the distribution is uneven. Coal is found mainly in the north and the northwest, hydropower in the southwest, and oil and natural gas in the eastern, central and western regions and along the coast. But, the consumers of energy resources are mainly in the southeast coastal areas, where the economy is the most developed. Such a great difference of location between the producers and the consumers has led to the following basic framework of China's energy flow: large-scale transportation over long distances of coal and oil from the north to the south, and transmission of natural gas and electricity from the west to the east."
Full report - http://www.china.org.cn/english/environment/236955.htm#9
I. Current Situation of Energy DevelopmentII. Strategy and Goals of Energy DevelopmentIII. All-round Promotion of Energy ConservationIV. Improving the Energy Supply CapacityV. Accelerating the Progress of Energy TechnologiesVI. Coordinating Energy and Environment DevelopmentVII. Deepening Energy System ReformVIII. Strengthening International Cooperation in the Field of EnergyConclusion
"In the course of building a moderately prosperous society in all respects that benefits 1.3 billion people of China, energy has a significant bearing on China's economic and social development. It is a long and arduous task to use sustainable energy development to support the sustainable economic and social advancement. The Chinese government will strive to address the energy problem properly to realize sustainable energy development.
Though China's energy consumption is growing rapidly, its per-capita energy consumption level is still fairly low -- only about three-fourths of the world's average. The figures for China's per-capita oil consumption and imports account for only one half and one quarter of the world's average, respectively, far below the level of the developed countries. China did not, does not and will not pose any threat to the world's energy security. China will continue to maintain its sustainable energy development and make it promote the sustainable development of the world's energy resources, thus making positive contributions to the world's energy security."
China.org.cn December 26, 2007
China.org.cn December 26, 2007-The State Council Information Office published on Wednesday a white paper entitled China's Energy Conditions and Policies. The document, composed of eight chapters, points out that China, as an irreplaceable component of the world energy market, plays an increasingly important role in maintaining global energy security.
China's Energy Conditions and Policies
Preface
"Energy is an essential material basis for human survival and development. Over the entire history of mankind, each and every significant step in the progress of human civilization has been accompanied by energy innovations and substitutions. The development and utilization of energy has enormously boosted the development of the world economy and human society.
Over more than 100 years in the past, developed countries have completed their industrialization, consuming an enormous quantity of natural resources, especially energy resources, in the process. Today, some developing countries are ushering in their own era of industrialization, and an increase of energy consumption is inevitable for their economic and social development.
China is the largest developing country in the world, and developing its economy and eliminating poverty will, for a long time to come, remain the main tasks for the Chinese government and the Chinese people. Since the late 1970s, China, as the fastest growing developing country, has scored brilliant achievements in its economy and society that have attracted worldwide attention, successfully blazed the trail of socialism with Chinese characteristics, and made significant contributions to world development and prosperity.
China is now the world's second-largest energy producer and consumer. The sustained growth of energy supply has provided an important support for the country's economic growth and social progress, while the rapid expansion of energy consumption has created a vast scope for the global energy market. As an irreplaceable component of the world energy market, China plays an increasingly important role in maintaining global energy security.
Guided by the Scientific Outlook on Development, the Chinese government is accelerating its development of a modern energy industry, taking resource conservation and environmental protection as two basic state policies, giving prominence to building a resource-conserving and environment-friendly society in the course of its industrialization and modernization, striving to enhance its capability for sustainable development and making China an innovative country, so as to make greater contributions to the world's economy and prosperity.
I. Current Situation of Energy Development
Energy resources are the basis of energy development. Since New China was founded in 1949, it has made constant endeavors in energy resources prospecting, and conducted several resources assessments. China's energy resources have the following characteristics:
-- Energy resources abound. China boasts fairly rich fossil energy resources, dominated by coal. By 2006, the reserves of coal stood at 1,034.5 billion tons, and the remaining verified reserves exploitable accounted for 13 percent of the world total, ranking China third in the world. The verified reserves of oil and natural gas are relatively small, while oil shale, coal-bed gas and other unconventional fossil energy resources have huge potential for exploitation. China also boasts fairly abundant renewable energy resources. In 2006, the theoretical reserves of hydropower resources were equal to 6,190 billion kwh, and the economically exploitable annual power output was 1,760 billion kwh, equivalent to 12 percent of global hydropower resources, ranking the country first in the world.
-- China's per-capita average of energy resources is very low. China has a large population, resulting in a low per-capita average of energy resources in the world. The per-capita average of both coal and hydropower resources is 50 percent of the world's average, while the per-capita average of both oil and natural gas resources is only about one-fifteenth of the world's average. The per-capita average of arable land is less than 30 percent of the world's average, which has hindered the development of biomass energy.
-- The distribution of energy resources is imbalanced. China's energy resources are scattered widely across the country, but the distribution is uneven. Coal is found mainly in the north and the northwest, hydropower in the southwest, and oil and natural gas in the eastern, central and western regions and along the coast. But, the consumers of energy resources are mainly in the southeast coastal areas, where the economy is the most developed. Such a great difference of location between the producers and the consumers has led to the following basic framework of China's energy flow: large-scale transportation over long distances of coal and oil from the north to the south, and transmission of natural gas and electricity from the west to the east."
Full report - http://www.china.org.cn/english/environment/236955.htm#9
I. Current Situation of Energy DevelopmentII. Strategy and Goals of Energy DevelopmentIII. All-round Promotion of Energy ConservationIV. Improving the Energy Supply CapacityV. Accelerating the Progress of Energy TechnologiesVI. Coordinating Energy and Environment DevelopmentVII. Deepening Energy System ReformVIII. Strengthening International Cooperation in the Field of EnergyConclusion
"In the course of building a moderately prosperous society in all respects that benefits 1.3 billion people of China, energy has a significant bearing on China's economic and social development. It is a long and arduous task to use sustainable energy development to support the sustainable economic and social advancement. The Chinese government will strive to address the energy problem properly to realize sustainable energy development.
Though China's energy consumption is growing rapidly, its per-capita energy consumption level is still fairly low -- only about three-fourths of the world's average. The figures for China's per-capita oil consumption and imports account for only one half and one quarter of the world's average, respectively, far below the level of the developed countries. China did not, does not and will not pose any threat to the world's energy security. China will continue to maintain its sustainable energy development and make it promote the sustainable development of the world's energy resources, thus making positive contributions to the world's energy security."
China.org.cn December 26, 2007
Friday, December 21, 2007
Gov. Schwarzenegger Issues Statement after U.S. EPA Rejects California’s Tailpipe Emissions Waiver Request
GAAS:969:07
For Immediate Release: Contact: Aaron McLear
Wednesday, December 19, 2007 Bill Maile
916-445-4571
Gov. Schwarzenegger Issues Statement after U.S. EPA Rejects California’s Tailpipe Emissions Waiver Request
Governor Schwarzenegger today issued the following statement after the U.S. Environmental Protection Agency (USEPA), after nearly two years of delay, rejected California’s request to regulate tailpipe emissions from passenger cars and light trucks. Over the past year, the Governor has lobbied the federal government, meeting and sending letters to both President Bush and USEPA Administrator Johnson. Last month, the Governor announced California’s lawsuit against the agency for failing to act. Today, he vowed to appeal the decision and pursue every legal opportunity to obtain the waiver.
“While the federal energy bill is a good step toward reducing dependence on foreign oil, the President’s approval of it does not constitute grounds for denying our waiver. The energy bill does not reflect a vision, beyond 2020, to address climate change, while California’s vehicle greenhouse gas standards are part of a carefully designed, comprehensive program to fight climate change through 2050,” said Governor Schwarzenegger.
“California has a long and proud history of leadership in reducing pollution and fighting for clean air. Our citizens place a high priority on good health and a clean environment, and we are ready to implement the nation’s cleanest standards for vehicle emissions. It has been nearly two years since we requested the waiver and, now, sixteen other states are following our lead to reduce our dependence on foreign oil, increase fuel efficiency and help reduce harmful greenhouse gases. A ruling from the U.S. Supreme Court earlier this year made it clear that the USEPA has the authority to limit greenhouse gas emissions from motor vehicles.
“It is disappointing that the federal government is standing in our way and ignoring the will of tens of millions of people across the nation. We will continue to fight this battle. California sued to compel the agency to act on our waiver, and now we will sue to overturn today’s decision and allow Californians to protect our environment.”
Under the Federal Clean Air Act, California has the right to set its own tougher-than-federal vehicle emission standards, as long as it obtains a waiver from USEPA. Over the past 30 years the USEPA has granted California more than 40 such waivers, denying none.
The original request for a waiver of federal preemption of California's Motor Vehicle Greenhouse Gas Emissions Standards was made by the California Air Resources Board (ARB) on December 21, 2005. The waiver, allowing California to enact and enforce emissions standards to reduce greenhouse gas emissions from automobiles, was requested after the Air Resources Board developed regulations based on a 2002 California law, AB 1493 by Assemblymember Fran Pavley.
That law required California to establish new standards for motor vehicle greenhouse gas emissions beginning in model year 2009. The ARB-adopted regulations will phase in and ramp up over eight years to cut global warming emissions from new vehicles by nearly 30 percent by model year 2016.
by implementing these standards, California would be eliminating greenhouse gases equivalent to taking 6.5 million cars off the road by the year 2020. If all the other states with similar plans follow through, that figure would grow to nearly 22 million vehicles and would cut gasoline consumption by an estimated 11 billion gallons a year.
In letters sent on April 10, 2006 and October 24, 2006 to President Bush, the Governor reiterated the urgency of approving California’s request to address global warming. On April 25, 2007, 16 months after the original waiver request, Governor Schwarzenegger sent a letter to Administrator Johnson informing him of California’s intent to sue after 180 days under the Clean Air Act and Administrative Procedure Act, which provides mechanisms for compelling delayed agency action.
California’s request has been supported by recent judicial decisions. In September, a court decision in Vermont confirmed that states do have the ability to adopt California’s motor vehicle greenhouse gas emissions standards. Sixteen states, comprising about 45 percent of all U.S. auto sales have adopted, or are in the process of adopting, California’s standards.
In the Vermont case, the judge dismissed the argument by automobile manufacturers that they could not comply with the California-based regulation because the technology was out of reach and that it would cost too much. The Vermont decision came on the heels of a U.S. Supreme Court ruling last April saying the U.S. EPA has the authority to regulate greenhouse gases.
States that have adopted, or are in the process of adopting, California’s strict automobile emissions standards are: Arizona, Colorado, Connecticut, Florida, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Utah, Vermont and Washington.
###
For Immediate Release: Contact: Aaron McLear
Wednesday, December 19, 2007 Bill Maile
916-445-4571
Gov. Schwarzenegger Issues Statement after U.S. EPA Rejects California’s Tailpipe Emissions Waiver Request
Governor Schwarzenegger today issued the following statement after the U.S. Environmental Protection Agency (USEPA), after nearly two years of delay, rejected California’s request to regulate tailpipe emissions from passenger cars and light trucks. Over the past year, the Governor has lobbied the federal government, meeting and sending letters to both President Bush and USEPA Administrator Johnson. Last month, the Governor announced California’s lawsuit against the agency for failing to act. Today, he vowed to appeal the decision and pursue every legal opportunity to obtain the waiver.
“While the federal energy bill is a good step toward reducing dependence on foreign oil, the President’s approval of it does not constitute grounds for denying our waiver. The energy bill does not reflect a vision, beyond 2020, to address climate change, while California’s vehicle greenhouse gas standards are part of a carefully designed, comprehensive program to fight climate change through 2050,” said Governor Schwarzenegger.
“California has a long and proud history of leadership in reducing pollution and fighting for clean air. Our citizens place a high priority on good health and a clean environment, and we are ready to implement the nation’s cleanest standards for vehicle emissions. It has been nearly two years since we requested the waiver and, now, sixteen other states are following our lead to reduce our dependence on foreign oil, increase fuel efficiency and help reduce harmful greenhouse gases. A ruling from the U.S. Supreme Court earlier this year made it clear that the USEPA has the authority to limit greenhouse gas emissions from motor vehicles.
“It is disappointing that the federal government is standing in our way and ignoring the will of tens of millions of people across the nation. We will continue to fight this battle. California sued to compel the agency to act on our waiver, and now we will sue to overturn today’s decision and allow Californians to protect our environment.”
Under the Federal Clean Air Act, California has the right to set its own tougher-than-federal vehicle emission standards, as long as it obtains a waiver from USEPA. Over the past 30 years the USEPA has granted California more than 40 such waivers, denying none.
The original request for a waiver of federal preemption of California's Motor Vehicle Greenhouse Gas Emissions Standards was made by the California Air Resources Board (ARB) on December 21, 2005. The waiver, allowing California to enact and enforce emissions standards to reduce greenhouse gas emissions from automobiles, was requested after the Air Resources Board developed regulations based on a 2002 California law, AB 1493 by Assemblymember Fran Pavley.
That law required California to establish new standards for motor vehicle greenhouse gas emissions beginning in model year 2009. The ARB-adopted regulations will phase in and ramp up over eight years to cut global warming emissions from new vehicles by nearly 30 percent by model year 2016.
by implementing these standards, California would be eliminating greenhouse gases equivalent to taking 6.5 million cars off the road by the year 2020. If all the other states with similar plans follow through, that figure would grow to nearly 22 million vehicles and would cut gasoline consumption by an estimated 11 billion gallons a year.
In letters sent on April 10, 2006 and October 24, 2006 to President Bush, the Governor reiterated the urgency of approving California’s request to address global warming. On April 25, 2007, 16 months after the original waiver request, Governor Schwarzenegger sent a letter to Administrator Johnson informing him of California’s intent to sue after 180 days under the Clean Air Act and Administrative Procedure Act, which provides mechanisms for compelling delayed agency action.
California’s request has been supported by recent judicial decisions. In September, a court decision in Vermont confirmed that states do have the ability to adopt California’s motor vehicle greenhouse gas emissions standards. Sixteen states, comprising about 45 percent of all U.S. auto sales have adopted, or are in the process of adopting, California’s standards.
In the Vermont case, the judge dismissed the argument by automobile manufacturers that they could not comply with the California-based regulation because the technology was out of reach and that it would cost too much. The Vermont decision came on the heels of a U.S. Supreme Court ruling last April saying the U.S. EPA has the authority to regulate greenhouse gases.
States that have adopted, or are in the process of adopting, California’s strict automobile emissions standards are: Arizona, Colorado, Connecticut, Florida, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Utah, Vermont and Washington.
###
Renewable Energy Stocks Sector Close- Up on Ethanol Stocks and Sustainable & Electric Transportation, Green Automotive Stocks
Renewable Energy Stocks Sector Close- Up on Ethanol Stocks and Sustainable & Electric Transportation, Green Automotive Stocks
Energy Bill Drives Green Car Fuels and Technologies
POINT ROBERTS, WA and DELTA, BC – December 21, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close- up on alternative fuel and fuel efficient technology stocks following the passage of the Energy Bill. Ethanol stocks received a much needed boost, on the mandate of higher fuel economy standards, reduction of dependence on foreign oil and annual production of renewable fuels to increase to 36 Billion gallons by 2022.
According to Calyon Securities analyst, Kelly Dougherty, “The ethanol stocks should respond favorably to the recent passage of the Energy Bill as the sector should benefit from the increased domestic RFS which mandates use of 36 billion gallons annually by 2022. This should alleviate oversupply fears as more demand will be mandated with a funded path toward further infrastructure build-out and commercialization of cellulosic ethanol, which should support higher future ethanol prices.”
Additionally Calyon Securities commented,” The increased RFS should result in continued infrastructure build-out, opening of new markets, and increased discretionary blending along the path to commercialization of cellulosic which should support higher ethanol prices. We believe VSE/USBE will be well-positioned given its larger scale and potential for lower costs as well as its innovative stance on new technologies (corn oil extraction and investments in cellulosic ethanol).”
VeraSun Energy Corporation (VSE) issued the following statement December 19th, “We applaud the work of our leaders in Washington, D.C., for their vision in putting our country on a path toward greater energy diversity and sustainability. The expanded Renewable Fuels Standard will significantly reduce our country’s dependence on foreign oil and extend our nation’s fuel stream.”
Another milestone in the Energy Bill is the requirement for a significant increase in average fuel economy to a 35 mpg fuel economy standard by 2020.
Electric Vehicle manufacturer ZAP (OTCBB: ZAAP) CEO Steve Schneider, noted, “Our plug- in electric cars and trucks exceed current and future standards with zero emissions and costs at 3 cents per mile for electricity.”
For investors following alternative fuel and fuel efficient technologies, RenewableEnergyStocks.com features a directory of renewable energy stocks including biofuel, and Electric Vehicle (EV), battery technology and related stocks.
Sector Close-Up – Ethanol and Sustainable & Electric Transportation, Green Automotive Stocks
(As of close December 20th, 2007)
Pacific Ethanol, Inc. (Market, News), with a 52 week range of $4.20 - $18.79, closed at $9.14.
Verasun Energy, Corp. (Market, News) closed at $15.71, up $0.45 (2.95%) for the day.
Green Plains Renewable Energy Inc., (Market, News) another ethanol stock with a 52 week range of $8.52 -$ 25.00 and closed up $1.20 at $11.74 .
Archer-Daniels-Midland Co. (Market, News) closed at $43.29, up 1.91 (4.62%).
BlueFire Ethanol Fuels, Inc., a cellulose ethanol company, also issued a statement relating to the Energy Bill, closed at $3.20.
Clean Energy Fuels Corp (Market, News),a provider of natural gas (CNG and LNG) for transportation in North America closed at $15.00.
Advanced Battery Technologies Inc. (Market, News), a company that manufactures, and distributes rechargeable PLI battery cells using lithium cobalt oxide anodes, has a 52 week range of $ 0.56 - $9.66.
Altair Nanotechnologies Inc., (Market, News) recently funded by Dubai conglomerate, Al Yousuf L.L.C. for $40 million, the battery maker has a 52 week range of $2.48 - $5.45 and closed at $4.25.
ZAP (OTCBB: ZAAP), electric car manufacturer, also announced a $5 million Private Placement with the Dubai conglomerate, Al Yousuf L.L.C., as well as the addition of Mr. Eqbal Al-Yousuf to the Board of Directors, has a 52 week range of $0.68- $1.47 .
Additionally RenewableEnergyStocks.com features the Driving Green Podcast, providing insight into the highways of the future. Recent audio interviews/Podcasts include:
“Driving Green, Interview with Christina Page, Yahoo!’s Director of Climate and Energy Strategy”
http://investorideas.com/Podcasts/audio/102607.mp3
and
“Investorideas.com renewable energy and environmental interview with Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change.”
http://investorideas.com/Podcasts/audio/120407.mp3
About Featured Showcase Company, Electric car pioneer ZAP (OTCBB: ZAAP):
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. (Advertisement)
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. ZAP currently pays the equivalent of two thousand five hundred in 144 shares and has provided promotional EV’s for the Greentech Investor Contest. www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, ZAP
Energy Bill Drives Green Car Fuels and Technologies
POINT ROBERTS, WA and DELTA, BC – December 21, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close- up on alternative fuel and fuel efficient technology stocks following the passage of the Energy Bill. Ethanol stocks received a much needed boost, on the mandate of higher fuel economy standards, reduction of dependence on foreign oil and annual production of renewable fuels to increase to 36 Billion gallons by 2022.
According to Calyon Securities analyst, Kelly Dougherty, “The ethanol stocks should respond favorably to the recent passage of the Energy Bill as the sector should benefit from the increased domestic RFS which mandates use of 36 billion gallons annually by 2022. This should alleviate oversupply fears as more demand will be mandated with a funded path toward further infrastructure build-out and commercialization of cellulosic ethanol, which should support higher future ethanol prices.”
Additionally Calyon Securities commented,” The increased RFS should result in continued infrastructure build-out, opening of new markets, and increased discretionary blending along the path to commercialization of cellulosic which should support higher ethanol prices. We believe VSE/USBE will be well-positioned given its larger scale and potential for lower costs as well as its innovative stance on new technologies (corn oil extraction and investments in cellulosic ethanol).”
VeraSun Energy Corporation (VSE) issued the following statement December 19th, “We applaud the work of our leaders in Washington, D.C., for their vision in putting our country on a path toward greater energy diversity and sustainability. The expanded Renewable Fuels Standard will significantly reduce our country’s dependence on foreign oil and extend our nation’s fuel stream.”
Another milestone in the Energy Bill is the requirement for a significant increase in average fuel economy to a 35 mpg fuel economy standard by 2020.
Electric Vehicle manufacturer ZAP (OTCBB: ZAAP) CEO Steve Schneider, noted, “Our plug- in electric cars and trucks exceed current and future standards with zero emissions and costs at 3 cents per mile for electricity.”
For investors following alternative fuel and fuel efficient technologies, RenewableEnergyStocks.com features a directory of renewable energy stocks including biofuel, and Electric Vehicle (EV), battery technology and related stocks.
Sector Close-Up – Ethanol and Sustainable & Electric Transportation, Green Automotive Stocks
(As of close December 20th, 2007)
Pacific Ethanol, Inc. (Market, News), with a 52 week range of $4.20 - $18.79, closed at $9.14.
Verasun Energy, Corp. (Market, News) closed at $15.71, up $0.45 (2.95%) for the day.
Green Plains Renewable Energy Inc., (Market, News) another ethanol stock with a 52 week range of $8.52 -$ 25.00 and closed up $1.20 at $11.74 .
Archer-Daniels-Midland Co. (Market, News) closed at $43.29, up 1.91 (4.62%).
BlueFire Ethanol Fuels, Inc., a cellulose ethanol company, also issued a statement relating to the Energy Bill, closed at $3.20.
Clean Energy Fuels Corp (Market, News),a provider of natural gas (CNG and LNG) for transportation in North America closed at $15.00.
Advanced Battery Technologies Inc. (Market, News), a company that manufactures, and distributes rechargeable PLI battery cells using lithium cobalt oxide anodes, has a 52 week range of $ 0.56 - $9.66.
Altair Nanotechnologies Inc., (Market, News) recently funded by Dubai conglomerate, Al Yousuf L.L.C. for $40 million, the battery maker has a 52 week range of $2.48 - $5.45 and closed at $4.25.
ZAP (OTCBB: ZAAP), electric car manufacturer, also announced a $5 million Private Placement with the Dubai conglomerate, Al Yousuf L.L.C., as well as the addition of Mr. Eqbal Al-Yousuf to the Board of Directors, has a 52 week range of $0.68- $1.47 .
Additionally RenewableEnergyStocks.com features the Driving Green Podcast, providing insight into the highways of the future. Recent audio interviews/Podcasts include:
“Driving Green, Interview with Christina Page, Yahoo!’s Director of Climate and Energy Strategy”
http://investorideas.com/Podcasts/audio/102607.mp3
and
“Investorideas.com renewable energy and environmental interview with Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change.”
http://investorideas.com/Podcasts/audio/120407.mp3
About Featured Showcase Company, Electric car pioneer ZAP (OTCBB: ZAAP):
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. (Advertisement)
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. ZAP currently pays the equivalent of two thousand five hundred in 144 shares and has provided promotional EV’s for the Greentech Investor Contest. www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, ZAP
Monday, December 17, 2007
Renewable Energy Stocks Sector Close -Up on Solar Stocks 2007; Analyst Upgrades and Industry Experts Agree “It is Just the Beginning”
Renewable Energy Stocks Sector Close Up on Solar Stocks 2007; Analyst Upgrades and Industry Experts Agree “It is Just the Beginning”
Review of 52 Week Range of Evergreen Solar, China Sunergy, First Solar, XsunX, Inc. and other Solar Stocks
POINT ROBERTS, WA and DELTA, BC - December 17, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close- up on solar stocks. Momentum created from oil prices closing in on $100 a barrel, global revenue growth within the sector and analyst upgrades have resulted in strong percentage gains in solar stocks.
Solar-power companies Evergreen Solar and China Sunergy reported new contracts and were up over 9% and 14% respectively on Friday’s close. JA Solar Holdings was up $6.83 giving traders a 10.84% gain for the day.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
The site also features commentary by solar expert, J. Peter Lynch, “Renewable and Solar Energy Perspectives" at http://www.renewableenergystocks.com/PL/.
According to Mr. Lynch, "Certainly to say that solar stocks were hot in 2007 is an understatement. Solar stocks probably, on average, outperformed the averages by 50 fold so far in 2007. This has been a GREAT year for solar stocks and it is just the beginning. The solar industry is currently at the very early stages of its growth curve and the future will be even brighter.”
Tom M. Djokovich, CEO of XsunX (OTCBB: XSNX) explains, “With the worldwide rise in energy prices, PV prices are now closer to conventional energy prices than ever before. Currently, there's abundant demand for solar modules at prices between $3.00 to $4.00/watt and thin film PV offers even lower price points. PV could be a significant player in the energy market at only $2 per watt but the industry will need to scale significantly to me the demand for lower priced PV. That's why we're working to position XsunX as a large scale manufacturer of thin film PV.”
Evergreen Solar Inc (Market, News) shares moved December 13th after UBS Investment Research initiated a "Buy," and had an after hours spike that continued into Friday’s market on news that it that it has signed a ten-year polysilicon supply agreement with Silicium de Provence S.A.S. “Silpro”. Calyon Securities analyst Kelly Dougherty also upgraded Evergreen to “Buy”
from Add. She noted in regards to the new Energy Bill, “The watered down bill should not have a significant impact on US demand, since domestic solar demand is really driven at the state level."
China Sunergy Co., Ltd. (Market, News), a solar cell manufacturer in Nanjing, China, announced news it had entered into a supply agreement with asola Advanced and Automotive Solar System GmbH , a German module manufacturing company. China Sunergy said it will supply 10.2MW of solar cells to asola during 2008.
First Solar, Inc. (Market, News), with a 52 week range of $26.54 to $256.45, closed up $3.34 on Friday and was rated a BUY on Dec13th by UBS.
For investors wanting to know if the solar stock run is over, the number of analyst upgrades across the sector would indicate –“no”!
The dramatic 52 week range of some of the well- known solar stocks also evidences the growing global investment moving into this sector.
(As of December 14, 2007)
LDK SOLAR CO ADR (Market, News) - $22.27 - $76.75, SUNPOWER CORPORATION (Market, News) $35.40 - $164.49, CANADIAN SOLAR INC. (Market, News) $ 6.50 - $ 24.83, SOLARFUN POWER HOLDI $ 8.22 - $31.80, AKEENA SOLAR INC $ 8.22 - $31.80, YINGLI GRN ENGY ADR (Market, News ) $ 10.48 - $39.20 and JA SOLAR HOLDINGS $ 16.17 - $72.06.
(OTCBB: XSNX). XsunX, Inc. has a 52 week range of $ 0.26 - $0.66.
About Featured Showcase Solar Company XsunX: (Advertisement) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. http://www.xsunx.com/ More info on XsunX, Inc. (OTCBB: XSNX) can be found on our media profile at:
http://www.investorideas.com/co/xsnx/default.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. * XsunX has entered into an online featured showcase company agreement as of December 2007 and compensates the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, XsunX
Review of 52 Week Range of Evergreen Solar, China Sunergy, First Solar, XsunX, Inc. and other Solar Stocks
POINT ROBERTS, WA and DELTA, BC - December 17, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close- up on solar stocks. Momentum created from oil prices closing in on $100 a barrel, global revenue growth within the sector and analyst upgrades have resulted in strong percentage gains in solar stocks.
Solar-power companies Evergreen Solar and China Sunergy reported new contracts and were up over 9% and 14% respectively on Friday’s close. JA Solar Holdings was up $6.83 giving traders a 10.84% gain for the day.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
The site also features commentary by solar expert, J. Peter Lynch, “Renewable and Solar Energy Perspectives" at http://www.renewableenergystocks.com/PL/.
According to Mr. Lynch, "Certainly to say that solar stocks were hot in 2007 is an understatement. Solar stocks probably, on average, outperformed the averages by 50 fold so far in 2007. This has been a GREAT year for solar stocks and it is just the beginning. The solar industry is currently at the very early stages of its growth curve and the future will be even brighter.”
Tom M. Djokovich, CEO of XsunX (OTCBB: XSNX) explains, “With the worldwide rise in energy prices, PV prices are now closer to conventional energy prices than ever before. Currently, there's abundant demand for solar modules at prices between $3.00 to $4.00/watt and thin film PV offers even lower price points. PV could be a significant player in the energy market at only $2 per watt but the industry will need to scale significantly to me the demand for lower priced PV. That's why we're working to position XsunX as a large scale manufacturer of thin film PV.”
Evergreen Solar Inc (Market, News) shares moved December 13th after UBS Investment Research initiated a "Buy," and had an after hours spike that continued into Friday’s market on news that it that it has signed a ten-year polysilicon supply agreement with Silicium de Provence S.A.S. “Silpro”. Calyon Securities analyst Kelly Dougherty also upgraded Evergreen to “Buy”
from Add. She noted in regards to the new Energy Bill, “The watered down bill should not have a significant impact on US demand, since domestic solar demand is really driven at the state level."
China Sunergy Co., Ltd. (Market, News), a solar cell manufacturer in Nanjing, China, announced news it had entered into a supply agreement with asola Advanced and Automotive Solar System GmbH , a German module manufacturing company. China Sunergy said it will supply 10.2MW of solar cells to asola during 2008.
First Solar, Inc. (Market, News), with a 52 week range of $26.54 to $256.45, closed up $3.34 on Friday and was rated a BUY on Dec13th by UBS.
For investors wanting to know if the solar stock run is over, the number of analyst upgrades across the sector would indicate –“no”!
The dramatic 52 week range of some of the well- known solar stocks also evidences the growing global investment moving into this sector.
(As of December 14, 2007)
LDK SOLAR CO ADR (Market, News) - $22.27 - $76.75, SUNPOWER CORPORATION (Market, News) $35.40 - $164.49, CANADIAN SOLAR INC. (Market, News) $ 6.50 - $ 24.83, SOLARFUN POWER HOLDI $ 8.22 - $31.80, AKEENA SOLAR INC $ 8.22 - $31.80, YINGLI GRN ENGY ADR (Market, News ) $ 10.48 - $39.20 and JA SOLAR HOLDINGS $ 16.17 - $72.06.
(OTCBB: XSNX). XsunX, Inc. has a 52 week range of $ 0.26 - $0.66.
About Featured Showcase Solar Company XsunX: (Advertisement) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. http://www.xsunx.com/ More info on XsunX, Inc. (OTCBB: XSNX) can be found on our media profile at:
http://www.investorideas.com/co/xsnx/default.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. * XsunX has entered into an online featured showcase company agreement as of December 2007 and compensates the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, XsunX
Thursday, December 13, 2007
update of renewable energy stocks directory- recent additions
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
we have recently made additions as the global interest grows and new public companies enter the sector-
Renewable Energy Stock ListRenewableEnergyStocks.com® has compiled a comprehensive directory of Global Renewable Energy Stocks in US, Canada and foreign markets.
Renewable Energy Stocks, Alternative Energy Stocks, Green Stocks and Funds broken down by the following sub-sectors:Alternative Energy Funds Biogas & Ethanol Stocks Biomass Clean Power Plants & Utilities Energy Efficiency Stocks Energy Storage Backup Flywheel Stocks Fuel Cell & Hydrogen Stocks Geothermal Stocks Green Certificates - Carbon Credit Stocks Micro Turbines Stocks Photovoltaic & Solar Stocks Recycling Technologies Stocks Renewable Energy Investment - General Sustainable & Electric Transportation, Green Automotive Stocks Wave & Tidal Power Stocks Wind Power & Wind Energy Stocks
we have recently made additions as the global interest grows and new public companies enter the sector-
Renewable Energy Stock ListRenewableEnergyStocks.com® has compiled a comprehensive directory of Global Renewable Energy Stocks in US, Canada and foreign markets.
Renewable Energy Stocks, Alternative Energy Stocks, Green Stocks and Funds broken down by the following sub-sectors:Alternative Energy Funds Biogas & Ethanol Stocks Biomass Clean Power Plants & Utilities Energy Efficiency Stocks Energy Storage Backup Flywheel Stocks Fuel Cell & Hydrogen Stocks Geothermal Stocks Green Certificates - Carbon Credit Stocks Micro Turbines Stocks Photovoltaic & Solar Stocks Recycling Technologies Stocks Renewable Energy Investment - General Sustainable & Electric Transportation, Green Automotive Stocks Wave & Tidal Power Stocks Wind Power & Wind Energy Stocks
Thursday, December 06, 2007
Podcast- audio interview with Mary Nichols, Chairman of the California Air Resources Board
Our recent green Podcast: Mary Nichols, Chairman of the California Air Resources Board, recognized as one of Governor Schwarzenegger's most senior advisors on climate change
Governor Schwarzenegger appointed Mary Nichols in July 2007 to lead California in its efforts to reduce greenhouse gases .
http://www.investorideas.com/podcasts/audio/120407.mp3
Mary discusses her appointmentant, mandate and goals , returning to the Air Board 30 years after serving as the Chairman under Governor Jerry Brown, following an impressive career as a longtime environmentalist.
Governor Schwarzenegger appointed Mary Nichols in July 2007 to lead California in its efforts to reduce greenhouse gases .
http://www.investorideas.com/podcasts/audio/120407.mp3
Mary discusses her appointmentant, mandate and goals , returning to the Air Board 30 years after serving as the Chairman under Governor Jerry Brown, following an impressive career as a longtime environmentalist.
Tuesday, December 04, 2007
Good Energies Enters into Agreement to Increase Ownership Stake in Solarfun to 34.7%
Good Energies Enters into Agreement to Increase Ownership Stake in Solarfun to 34.7%
SHANGHAI, China--December 4 , 2007 --Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF ) a vertically-integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules based in China, today announced that Good Energies has entered into an agreement to purchase 66,745,638 ordinary shares and 281,011 American Depository Shares (ADS) from current shareholders, including 50% of the shares held by the Company’s Chairman and Chief Executive Officer, Mr. Yonghua Lu, who will retain a 16.1% stake in the Company immediately after the completion of the transaction. The investment expands the relationship between Solarfun and Good Energies that began when Good Energies first invested in the Company in 2006. Upon completion, the investment will raise Good Energies’ stake to approximately 34.7% from 6.3%. Solarfun expects Good Energies’ increased ownership to enhance the Company’s industry position by leveraging Good Energies’ expertise, resources and track record of successful investments in the solar industry. The completion of the transaction is subject to regulatory and customary closing conditions and is expected to be completed by the first quarter of 2008.
In connection with the investment, the Company’s Board of Directors will appoint an additional representative of Good Energies as well as a new independent Director to the Board. Dr. Sven Hansen, the Chief Investment Officer of Good Energies, will continue to serve on the Solarfun Board of Directors, a position he has held since August of 2006.
"This increased ownership in the Company by Good Energies, one of the world's leading renewable energy investors, enhances our relationship with the firm and advances Solarfun’s position in the marketplace,” said Mr. Yonghua Lu. “I am committed to the long-term success of the Company and pleased to have Good Energies as a strategic investor at this stage of our Company’s growth. I look forward to working closely with the firm to build upon the success we have achieved to date and to accomplish our long-term goals.”
"We view Solarfun as one of the best manufacturing platforms for PV products in Asia and we believe there are tremendous opportunities for growth,” said Richard Kauffman, Chief Executive Officer of Good Energies. “We are pleased that Mr. Yonghua Lu and the largest shareholders of Solarfun have selected Good Energies to work with management to help the Company strive to reach a new level of international growth and success. The investment reflects our confidence in the long-term prospects of Solarfun and is a testament to management’s achievement in turning the Company into one of the leading global manufacturers of photovoltaic cells and modules.”
Mr. Kauffman added: “Good Energies’ investment in Solarfun is a vote of confidence in the potential growth of the Company’s brand and manufacturing capability and it further demonstrates our commitment to being one of the world’s leading investors in the renewable energy and energy efficiency industry. We look forward to working with Solarfun’s management team to help the Company achieve its long-term vision.”
About Solarfun
Solarfun Power Holdings Co, Ltd. manufactures ingots and PV cells and modules and supplies solar system integration services in China. The Company produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors and directly to system integrators. The Company was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. www.solarfun.com.cn
About Good Energies
Good Energies is a leading global investor in the renewable energy and energy efficiency industry focusing on investments in solar energy, wind energy, green buildings and load management. Good Energies is a member of COFRA Group, a privately owned group of companies. Good Energies is looking for meaningful investments with outstanding growth potential. Good Energies is guided by the 3-P-principle (3-Ps): people-planet-profit. Being an investment firm it seeks to help drive the transition to a low carbon, clean energy economy globally, including bringing affordable renewable energy to the developing world. Good Energies operates globally with offices in London, New York, Toronto, Washington, and Zug. The current market capitalization of its portfolio is over four billion Euros (six billion US dollars). www.goodenergies.com
Safe Harbor Statement
This news release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," “hopes”, "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, and include matters such as the Company's business outlook for 2007, including full year 2007 estimates for net revenue, PV product shipments and PV cell production capacity. Actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions. Solarfun disclaims any obligation to update or correct any forward looking statement.
Contact:Investor and Media:Solarfun Power Holdings Co., Ltd.Paul Combs, +8621-6393-8206 / M. +86-138-1612-2768V.P. Strategic PlanningIR@solarfun.com.cnorGood EnergiesDr. Alexander Rohde, +41-41-560-66-60Corporate Secretary/Spokespersonalexander.rohde@goodenergies.comorGood Energies – U.S. Media:The Abernathy MacGregor GroupKenny Juarez and Nadine Slater, +1-212-371-5999kwj@abmac.com / ncs@abmac.com
Source: Solarfun Power Holdings Co., Ltd.
SHANGHAI, China--December 4 , 2007 --Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF ) a vertically-integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules based in China, today announced that Good Energies has entered into an agreement to purchase 66,745,638 ordinary shares and 281,011 American Depository Shares (ADS) from current shareholders, including 50% of the shares held by the Company’s Chairman and Chief Executive Officer, Mr. Yonghua Lu, who will retain a 16.1% stake in the Company immediately after the completion of the transaction. The investment expands the relationship between Solarfun and Good Energies that began when Good Energies first invested in the Company in 2006. Upon completion, the investment will raise Good Energies’ stake to approximately 34.7% from 6.3%. Solarfun expects Good Energies’ increased ownership to enhance the Company’s industry position by leveraging Good Energies’ expertise, resources and track record of successful investments in the solar industry. The completion of the transaction is subject to regulatory and customary closing conditions and is expected to be completed by the first quarter of 2008.
In connection with the investment, the Company’s Board of Directors will appoint an additional representative of Good Energies as well as a new independent Director to the Board. Dr. Sven Hansen, the Chief Investment Officer of Good Energies, will continue to serve on the Solarfun Board of Directors, a position he has held since August of 2006.
"This increased ownership in the Company by Good Energies, one of the world's leading renewable energy investors, enhances our relationship with the firm and advances Solarfun’s position in the marketplace,” said Mr. Yonghua Lu. “I am committed to the long-term success of the Company and pleased to have Good Energies as a strategic investor at this stage of our Company’s growth. I look forward to working closely with the firm to build upon the success we have achieved to date and to accomplish our long-term goals.”
"We view Solarfun as one of the best manufacturing platforms for PV products in Asia and we believe there are tremendous opportunities for growth,” said Richard Kauffman, Chief Executive Officer of Good Energies. “We are pleased that Mr. Yonghua Lu and the largest shareholders of Solarfun have selected Good Energies to work with management to help the Company strive to reach a new level of international growth and success. The investment reflects our confidence in the long-term prospects of Solarfun and is a testament to management’s achievement in turning the Company into one of the leading global manufacturers of photovoltaic cells and modules.”
Mr. Kauffman added: “Good Energies’ investment in Solarfun is a vote of confidence in the potential growth of the Company’s brand and manufacturing capability and it further demonstrates our commitment to being one of the world’s leading investors in the renewable energy and energy efficiency industry. We look forward to working with Solarfun’s management team to help the Company achieve its long-term vision.”
About Solarfun
Solarfun Power Holdings Co, Ltd. manufactures ingots and PV cells and modules and supplies solar system integration services in China. The Company produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors and directly to system integrators. The Company was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. www.solarfun.com.cn
About Good Energies
Good Energies is a leading global investor in the renewable energy and energy efficiency industry focusing on investments in solar energy, wind energy, green buildings and load management. Good Energies is a member of COFRA Group, a privately owned group of companies. Good Energies is looking for meaningful investments with outstanding growth potential. Good Energies is guided by the 3-P-principle (3-Ps): people-planet-profit. Being an investment firm it seeks to help drive the transition to a low carbon, clean energy economy globally, including bringing affordable renewable energy to the developing world. Good Energies operates globally with offices in London, New York, Toronto, Washington, and Zug. The current market capitalization of its portfolio is over four billion Euros (six billion US dollars). www.goodenergies.com
Safe Harbor Statement
This news release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," “hopes”, "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, and include matters such as the Company's business outlook for 2007, including full year 2007 estimates for net revenue, PV product shipments and PV cell production capacity. Actual results may differ materially from such estimates depending on future events and other changes in business climate and market conditions. Solarfun disclaims any obligation to update or correct any forward looking statement.
Contact:Investor and Media:Solarfun Power Holdings Co., Ltd.Paul Combs, +8621-6393-8206 / M. +86-138-1612-2768V.P. Strategic PlanningIR@solarfun.com.cnorGood EnergiesDr. Alexander Rohde, +41-41-560-66-60Corporate Secretary/Spokespersonalexander.rohde@goodenergies.comorGood Energies – U.S. Media:The Abernathy MacGregor GroupKenny Juarez and Nadine Slater, +1-212-371-5999kwj@abmac.com / ncs@abmac.com
Source: Solarfun Power Holdings Co., Ltd.
Tuesday, November 27, 2007
Google's Goal: Renewable Energy Cheaper Than CoalCreates Renewable Energy R&D Group and Supports Breakthrough Technologies
Google's Goal: Renewable Energy Cheaper Than CoalCreates Renewable Energy R&D Group and Supports Breakthrough Technologies
MOUNTAIN VIEW, Calif.---November 27,2007 Google (NASDAQ:GOOG )- today announced a new strategic initiative to develop electricity from renewable energy sources that will be cheaper than electricity produced from coal. The newly created initiative, known as Renewable Energy Cheaper Than Coal, will focus initially on advanced solar thermal power, wind power technologies, enhanced geothermal systems and other potential breakthrough technologies. Renewable Energy Cheaper Than Coal is hiring engineers and energy experts to lead its research and development work, which will begin with a significant effort on solar thermal technology, and will also investigate enhanced geothermal systems and other areas. In 2008, Google expects to spend tens of millions on research and development and related investments in renewable energy. As part of its capital planning process, the company also anticipates investing hundreds of millions of dollars in breakthrough renewable energy projects which generate positive returns. "We have gained expertise in designing and building large-scale, energy-intensive facilities by building efficient data centers," said Larry Page, Google Co-founder and President of Products. "We want to apply the same creativity and innovation to the challenge of generating renewable electricity at globally significant scale, and produce it cheaper than from coal."
Page added, "There has been tremendous work already on renewable energy. Technologies have been developed that can mature into industries capable of providing electricity cheaper than coal. Solar thermal technology, for example, provides a very plausible path to providing renewable energy cheaper than coal. We are also very interested in further developing other technologies that have potential to be cost-competitive and green. We are aware of several promising technologies, and believe there are many more out there."
Page continued, "With talented technologists, great partners and significant investments, we hope to rapidly push forward. Our goal is to produce one gigawatt of renewable energy capacity that is cheaper than coal. We are optimistic this can be done in years, not decades." (One gigawatt can power a city the size of San Francisco.)
"If we meet this goal," said Page, "and large-scale renewable deployments are cheaper than coal, the world will have the option to meet a substantial portion of electricity needs from renewable sources and significantly reduce carbon emissions. We expect this would be a good business for us as well."
Coal is the primary power source for many around the world, supplying 40% of the world's electricity. The greenhouse gases it produces are one of our greatest environmental challenges. Making electricity produced from renewable energy cheaper than coal would be a key part of reducing global greenhouse-gas emissions.
"Cheap renewable energy is not only critical for the environment but also vital for economic development in many places where there is limited affordable energy of any kind," added Sergey Brin, Google Co-founder and President of Technology.
Strategic Investments and Grants
"Lots of groups are doing great work trying to produce inexpensive renewable energy. We want to add something that moves these efforts toward even cheaper technologies a bit more quickly. Usual investment criteria may not deliver the super low-cost, clean, renewable energy soon enough to avoid the worst effects of climate change," said Dr. Larry Brilliant, Executive Director of Google.org, Google's philanthropic arm. "Google.org's hope is that by funding research on promising technologies, investing in promising new companies, and doing a lot of R&D ourselves, we may help spark a green electricity revolution that will deliver breakthrough technologies priced lower than coal."
Working with Renewable Energy Cheaper Than Coal, Google.org will make strategic investments and grants that demonstrate a path toward producing energy at an unsubsidized cost below that of coal-fired power plants. Google will work with a variety of organizations in the renewable energy field, including companies, R&D laboratories, and universities. For example, Google.org is working with two companies that have promising scalable energy technologies:
eSolar Inc., a Pasadena, CA-based company specializing in solar thermal power which replaces the fuel in a traditional power plant with heat produced from solar energy. eSolar's technology has great potential to produce utility-scale power cheaper than coal. For more information, please visit http://www.google.com/corporate/green/energy/esolar.pdf. Makani Power Inc., an Alameda, CA-based company developing high-altitude wind energy extraction technologies aimed at harnessing the most powerful wind resources. High-altitude wind energy has the potential to satisfy a significant portion of current global electricity needs. For more information on Makani Power, please visit http://www.google.com/corporate/green/energy/makani.pdf. Ongoing Commitments
Today's announcement represents just the latest steps in Google's commitment to a clean and green energy future.
Google has been working hard on energy efficiency and making its business environmentally sustainable. Last spring the company announced its intention to be carbon neutral for 2007, and is on track to meet that goal. To this end, the company has taken concrete steps to reduce its carbon footprint and accelerate improvements in green technology, including:
Developing cutting-edge energy efficiency technology to power and cool its data centers in the U.S. and around the world. Generating electricity for its Mountain View campus from a 1.6 Megawatt corporate solar panel installation, one of the largest in the U.S. Accelerating development and adoption of plug-in vehicles through the RechargeIT initiative, including a $10 million request for investment proposals (http://www.google.org/recharge/) Joining with other industry leaders in 2007 to form the Climate Savers Computing Initiative, a consortium that advocates the design and use of more energy-efficient computers and servers (http://www.climatesaverscomputing.org/). Working on policies that encourage renewable energy development and deployment, such as a U.S. Renewable Energy Standard, through Google.org. For more information on Google's commitment to a clean energy future, see http://www.google.com/renewable-energy
For broadcast-standard video and other multimedia files for the announcement, see http://www.google.com/intl/en/press/index.html
For more information on recruitment for Renewable Energy Cheaper Than Coal, see http://www.google.com/jobs/energy/
WEBCAST AND CONFERENCE CALL INFORMATION
Google's renewable energy initiative call begins today at 9:00 AM (PT) / 12:00 PM (ET). A replay of the call will be available beginning at 11:30 PM (ET) today through midnight Tuesday, December 4th, 2007 by calling 888-203-1112 in the United States or 719-457-0820 for calls from outside the United States. The required confirmation code for the replay is 2205214.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and uncertainties, including statements relating to our ability to develop cheaper electricity from renewable energy sources, our expected investments and capital expenditures, and our ability to accelerate the development of clean energy technologies. Actual results may differ materially from the results predicted. The potential risks and uncertainties that could cause actual results to differ include, among others, risks related to our ability to hire the appropriate people and our ability to identify and pursue the technologies necessary to achieve these goals, as well as those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, which is on file with the SEC and is available on our investor relations website at http://investor.google.com and on the SEC website at www.sec.gov. All information provided in this release is as of November 27, 2007, and Google undertakes no duty to update this information.
About Google Inc.
Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, please visit http://www.google.com.
About Google.org
Google.org, the philanthropic arm of Google, uses the power of information to help people better their lives. We develop and invest in tools and partnerships that can help bring shared knowledge to bear on the world's most pressing challenges in the areas of climate change, economic development and global health. For more information, visit http://www.google.org.
Contact:GoogleJacquelline Fuller, +1-650-930-3555press@google.com
Source: Google
MOUNTAIN VIEW, Calif.---November 27,2007 Google (NASDAQ:GOOG )- today announced a new strategic initiative to develop electricity from renewable energy sources that will be cheaper than electricity produced from coal. The newly created initiative, known as Renewable Energy Cheaper Than Coal, will focus initially on advanced solar thermal power, wind power technologies, enhanced geothermal systems and other potential breakthrough technologies. Renewable Energy Cheaper Than Coal is hiring engineers and energy experts to lead its research and development work, which will begin with a significant effort on solar thermal technology, and will also investigate enhanced geothermal systems and other areas. In 2008, Google expects to spend tens of millions on research and development and related investments in renewable energy. As part of its capital planning process, the company also anticipates investing hundreds of millions of dollars in breakthrough renewable energy projects which generate positive returns. "We have gained expertise in designing and building large-scale, energy-intensive facilities by building efficient data centers," said Larry Page, Google Co-founder and President of Products. "We want to apply the same creativity and innovation to the challenge of generating renewable electricity at globally significant scale, and produce it cheaper than from coal."
Page added, "There has been tremendous work already on renewable energy. Technologies have been developed that can mature into industries capable of providing electricity cheaper than coal. Solar thermal technology, for example, provides a very plausible path to providing renewable energy cheaper than coal. We are also very interested in further developing other technologies that have potential to be cost-competitive and green. We are aware of several promising technologies, and believe there are many more out there."
Page continued, "With talented technologists, great partners and significant investments, we hope to rapidly push forward. Our goal is to produce one gigawatt of renewable energy capacity that is cheaper than coal. We are optimistic this can be done in years, not decades." (One gigawatt can power a city the size of San Francisco.)
"If we meet this goal," said Page, "and large-scale renewable deployments are cheaper than coal, the world will have the option to meet a substantial portion of electricity needs from renewable sources and significantly reduce carbon emissions. We expect this would be a good business for us as well."
Coal is the primary power source for many around the world, supplying 40% of the world's electricity. The greenhouse gases it produces are one of our greatest environmental challenges. Making electricity produced from renewable energy cheaper than coal would be a key part of reducing global greenhouse-gas emissions.
"Cheap renewable energy is not only critical for the environment but also vital for economic development in many places where there is limited affordable energy of any kind," added Sergey Brin, Google Co-founder and President of Technology.
Strategic Investments and Grants
"Lots of groups are doing great work trying to produce inexpensive renewable energy. We want to add something that moves these efforts toward even cheaper technologies a bit more quickly. Usual investment criteria may not deliver the super low-cost, clean, renewable energy soon enough to avoid the worst effects of climate change," said Dr. Larry Brilliant, Executive Director of Google.org, Google's philanthropic arm. "Google.org's hope is that by funding research on promising technologies, investing in promising new companies, and doing a lot of R&D ourselves, we may help spark a green electricity revolution that will deliver breakthrough technologies priced lower than coal."
Working with Renewable Energy Cheaper Than Coal, Google.org will make strategic investments and grants that demonstrate a path toward producing energy at an unsubsidized cost below that of coal-fired power plants. Google will work with a variety of organizations in the renewable energy field, including companies, R&D laboratories, and universities. For example, Google.org is working with two companies that have promising scalable energy technologies:
eSolar Inc., a Pasadena, CA-based company specializing in solar thermal power which replaces the fuel in a traditional power plant with heat produced from solar energy. eSolar's technology has great potential to produce utility-scale power cheaper than coal. For more information, please visit http://www.google.com/corporate/green/energy/esolar.pdf. Makani Power Inc., an Alameda, CA-based company developing high-altitude wind energy extraction technologies aimed at harnessing the most powerful wind resources. High-altitude wind energy has the potential to satisfy a significant portion of current global electricity needs. For more information on Makani Power, please visit http://www.google.com/corporate/green/energy/makani.pdf. Ongoing Commitments
Today's announcement represents just the latest steps in Google's commitment to a clean and green energy future.
Google has been working hard on energy efficiency and making its business environmentally sustainable. Last spring the company announced its intention to be carbon neutral for 2007, and is on track to meet that goal. To this end, the company has taken concrete steps to reduce its carbon footprint and accelerate improvements in green technology, including:
Developing cutting-edge energy efficiency technology to power and cool its data centers in the U.S. and around the world. Generating electricity for its Mountain View campus from a 1.6 Megawatt corporate solar panel installation, one of the largest in the U.S. Accelerating development and adoption of plug-in vehicles through the RechargeIT initiative, including a $10 million request for investment proposals (http://www.google.org/recharge/) Joining with other industry leaders in 2007 to form the Climate Savers Computing Initiative, a consortium that advocates the design and use of more energy-efficient computers and servers (http://www.climatesaverscomputing.org/). Working on policies that encourage renewable energy development and deployment, such as a U.S. Renewable Energy Standard, through Google.org. For more information on Google's commitment to a clean energy future, see http://www.google.com/renewable-energy
For broadcast-standard video and other multimedia files for the announcement, see http://www.google.com/intl/en/press/index.html
For more information on recruitment for Renewable Energy Cheaper Than Coal, see http://www.google.com/jobs/energy/
WEBCAST AND CONFERENCE CALL INFORMATION
Google's renewable energy initiative call begins today at 9:00 AM (PT) / 12:00 PM (ET). A replay of the call will be available beginning at 11:30 PM (ET) today through midnight Tuesday, December 4th, 2007 by calling 888-203-1112 in the United States or 719-457-0820 for calls from outside the United States. The required confirmation code for the replay is 2205214.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and uncertainties, including statements relating to our ability to develop cheaper electricity from renewable energy sources, our expected investments and capital expenditures, and our ability to accelerate the development of clean energy technologies. Actual results may differ materially from the results predicted. The potential risks and uncertainties that could cause actual results to differ include, among others, risks related to our ability to hire the appropriate people and our ability to identify and pursue the technologies necessary to achieve these goals, as well as those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, which is on file with the SEC and is available on our investor relations website at http://investor.google.com and on the SEC website at www.sec.gov. All information provided in this release is as of November 27, 2007, and Google undertakes no duty to update this information.
About Google Inc.
Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, please visit http://www.google.com.
About Google.org
Google.org, the philanthropic arm of Google, uses the power of information to help people better their lives. We develop and invest in tools and partnerships that can help bring shared knowledge to bear on the world's most pressing challenges in the areas of climate change, economic development and global health. For more information, visit http://www.google.org.
Contact:GoogleJacquelline Fuller, +1-650-930-3555press@google.com
Source: Google
Friday, November 23, 2007
Renewable Energy Stocks Financial Columnist Reports on Recent Performance of Solar Stocks
Renewable Energy Stocks Financial Columnist Reports on Recent Performance of Solar Stocks
POINT ROBERTS, WA and DELTA, BC – November 23, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector, presents market commentary on the performance of solar stocks in “Renewable and Solar Energy Perspectives”.
J. Peter Lynch has worked, for 30 years as a Wall Street analyst, an independent equity analyst and private investor, and a merchant banker in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977and is regarded as an expert in this area. He is currently a financial and technology consultant to a number of companies.
Report Excerpt
By J. Peter Lynch, ‘Renewable and Solar Energy Perspectives’ www.renewableenergystocks.com/PL/
Solar Stocks Start Slide amidst Market Turmoil
Exclusively for InvestorIdeas.com
November 23, 2007
As an old saying goes, “A rising tide raises ALL boats” unfortunately, the reverse is also true. Over the past two to three months, the increasing tide of market volatility as been increasing with dramatic speed and the vast majority of stocks, as well as, solar stocks are being swept down with the flow. Although, solar stocks were among the last to succumb they have recently begun to break down.
To Read the Column in Full Click Here: http://www.renewableenergystocks.com/PL/news/112307a.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com®, www.FuelCellCarNews.com®, www.EnvironmentStocks.com and www.water-stocks.com are global investor and industry research portals that look at the renewable energy, water and Greentech sectors. Our sites do not make recommendations, but offer investors stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.
We provide a variety of renewable and green content through: the Driving Green Podcast, Investing in Water Podcast, Clean Energy News Blog, Renewable Energy Blog, articles by solar expert, J. Peter Lynch, and a regular ‘green’ column: ‘The New Power Fund,’ by Samuel F. Jones, President of All Season Financial Advisors, all available on RenewableEnergyStocks.com®.
This InvestorIdeas.com portal also includes one of the most comprehensive stock lists in the renewable energy industry: http://www.renewableenergystocks.com/Companies/RenewableEnergy/Stock_List.asp
Additionally, InvestorIdeas.com offers a service for renewable energy and cleantech news and press release submissions at: http://investorideas.com/NewsUploader/ as well as research and article submissions. News is featured in the Investor Ideas Newswire and up to 3 industry portals selected.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com
POINT ROBERTS, WA and DELTA, BC – November 23, 2007, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector, presents market commentary on the performance of solar stocks in “Renewable and Solar Energy Perspectives”.
J. Peter Lynch has worked, for 30 years as a Wall Street analyst, an independent equity analyst and private investor, and a merchant banker in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977and is regarded as an expert in this area. He is currently a financial and technology consultant to a number of companies.
Report Excerpt
By J. Peter Lynch, ‘Renewable and Solar Energy Perspectives’ www.renewableenergystocks.com/PL/
Solar Stocks Start Slide amidst Market Turmoil
Exclusively for InvestorIdeas.com
November 23, 2007
As an old saying goes, “A rising tide raises ALL boats” unfortunately, the reverse is also true. Over the past two to three months, the increasing tide of market volatility as been increasing with dramatic speed and the vast majority of stocks, as well as, solar stocks are being swept down with the flow. Although, solar stocks were among the last to succumb they have recently begun to break down.
To Read the Column in Full Click Here: http://www.renewableenergystocks.com/PL/news/112307a.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com®, www.FuelCellCarNews.com®, www.EnvironmentStocks.com and www.water-stocks.com are global investor and industry research portals that look at the renewable energy, water and Greentech sectors. Our sites do not make recommendations, but offer investors stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.
We provide a variety of renewable and green content through: the Driving Green Podcast, Investing in Water Podcast, Clean Energy News Blog, Renewable Energy Blog, articles by solar expert, J. Peter Lynch, and a regular ‘green’ column: ‘The New Power Fund,’ by Samuel F. Jones, President of All Season Financial Advisors, all available on RenewableEnergyStocks.com®.
This InvestorIdeas.com portal also includes one of the most comprehensive stock lists in the renewable energy industry: http://www.renewableenergystocks.com/Companies/RenewableEnergy/Stock_List.asp
Additionally, InvestorIdeas.com offers a service for renewable energy and cleantech news and press release submissions at: http://investorideas.com/NewsUploader/ as well as research and article submissions. News is featured in the Investor Ideas Newswire and up to 3 industry portals selected.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com
Friday, November 16, 2007
OPEC- Energy for Sustainable Development
Energy for Sustainable Development, Riyadh, Saudi Arabia,
Intervention by OPEC Secretary General to the Pre-Summit Ministerial Symposium
Delivered by HE Abdalla Salem El-Badri, OPEC Secretary General, to the Third OPEC Summit Ministerial Symposium, Session III
15 November 2007 , The Organization of the Petroleum Exporting Countries (OPEC)
http://www.opec.org/opecna/Speeches/2007/SGSummitSpeech.htm"Excellencies, ladies and gentlemen,I should like to thank Ms JoAnne DiSano for her excellent background paper.I fully agree with your conclusion, Ms DiSano, that there must be an integrated approach to energy for sustainable development, accommodating the three mutually-supportive pillars of economic development, social progress and environmental protection.Energy is crucial for sustainable development. Indeed, increased use of energy, in particular fossil fuels, has allowed billions of people to see their living conditions improve, prosperity grow and life-expectancy increase.But this has been mostly in developed countries. The story is very different elsewhere.As you rightly emphasize, more than two billion people have no access to modern energy services.
Instead, people living in the rural areas of Africa, Asia and Latin America, must rely on firewood, dung and plant residue. The World Health Organization estimates that more than 1.5 million people die each year from inhaling biomass smoke.As was made clear in Johannesburg five years ago, poverty alleviation should remain an overriding priority.And this means ensuring continuous access by the poor to affordable modern energy services.This is a challenging target. And it is an achievable one, through: adopting balanced economic and social policies tailored to the needs of poorer nations; providing adequate financial support; developing and transferring affordable and environmentally-sound technologies; sharing knowledge and best practices; and, in general, ensuring that the eight UN Millennium Development Goals are met by the international community.It is well known that energy use will grow by almost 50 per cent by 2030, due to rising populations, growing economies and improved living conditions.To help meet this growing demand, all energy sources are welcome.The contribution of renewables will remain modest in the foreseeable future,\ because of the competition, by some of them, for water and land otherwise required for food production.In short, the world will continue to rely on fossil fuels for the foreseeable future, to satisfy the energy needs of the growing populations and give them a better life.But how can this be done in an environmentally friendly way?There is no silver bullet. However, it is clear that a key element of the response is the development, deployment and transfer of cleaner fossil fuel technologies.And how is OPEC handling such challenges?First of all, let me stress that, just like anyone else, the citizens of our Member Countries wish to live in a cleaner, safer world, and, moreover, to pass this on to our future generations. We are, therefore, acting on numerous fronts in this complex arena.We aim to reduce our environmental footprint as much as possible.Significant progress has been made with gas-flaring in recent years. Our Member Countries have ambitious programmes aimed at stopping this in the near future. Several Members are actively engaged in the Global Gas Flaring Reduction Partnership.Much has been done already to reduce tailpipe emissions from vehicles and to phase-out the use of lead.Our Member Countries have been investing billions of US dollars in upgrading refineries to meet the most stringent product specifications.OPEC has recently joined the International Energy Agency’s Greenhouse Gas R&D Programme, whose purpose is to cover a wide range of technology options aimed at reducing such emissions.More importantly, one of the three worldwide Carbon Capture and Storage (CCS) demonstration projects is in an OPEC Member Country, Algeria. Other countries are exploring the possibility to widely use CO2 for enhanced oil recovery. However, we believe that, over and above our own efforts, industrialized countries should take the lead in the funding and execution of large CCS demonstration projects, under the accepted principle of ‘common but differentiated responsibilities’.Excellencies, ladies and gentlemen,Let me conclude by reminding you of OPEC’s most important role in sustainable development. This is to provide the fuel of choice, petroleum, to satisfy the world needs, in a reliable, secure, efficient and environmentally-sound manner. This, by itself, is already a great achievement — and it is repeated, without fail, every day.Thank you. "
Source : The Organization of the Petroleum Exporting Countries (OPEC)
Intervention by OPEC Secretary General to the Pre-Summit Ministerial Symposium
Delivered by HE Abdalla Salem El-Badri, OPEC Secretary General, to the Third OPEC Summit Ministerial Symposium, Session III
15 November 2007 , The Organization of the Petroleum Exporting Countries (OPEC)
http://www.opec.org/opecna/Speeches/2007/SGSummitSpeech.htm"Excellencies, ladies and gentlemen,I should like to thank Ms JoAnne DiSano for her excellent background paper.I fully agree with your conclusion, Ms DiSano, that there must be an integrated approach to energy for sustainable development, accommodating the three mutually-supportive pillars of economic development, social progress and environmental protection.Energy is crucial for sustainable development. Indeed, increased use of energy, in particular fossil fuels, has allowed billions of people to see their living conditions improve, prosperity grow and life-expectancy increase.But this has been mostly in developed countries. The story is very different elsewhere.As you rightly emphasize, more than two billion people have no access to modern energy services.
Instead, people living in the rural areas of Africa, Asia and Latin America, must rely on firewood, dung and plant residue. The World Health Organization estimates that more than 1.5 million people die each year from inhaling biomass smoke.As was made clear in Johannesburg five years ago, poverty alleviation should remain an overriding priority.And this means ensuring continuous access by the poor to affordable modern energy services.This is a challenging target. And it is an achievable one, through: adopting balanced economic and social policies tailored to the needs of poorer nations; providing adequate financial support; developing and transferring affordable and environmentally-sound technologies; sharing knowledge and best practices; and, in general, ensuring that the eight UN Millennium Development Goals are met by the international community.It is well known that energy use will grow by almost 50 per cent by 2030, due to rising populations, growing economies and improved living conditions.To help meet this growing demand, all energy sources are welcome.The contribution of renewables will remain modest in the foreseeable future,\ because of the competition, by some of them, for water and land otherwise required for food production.In short, the world will continue to rely on fossil fuels for the foreseeable future, to satisfy the energy needs of the growing populations and give them a better life.But how can this be done in an environmentally friendly way?There is no silver bullet. However, it is clear that a key element of the response is the development, deployment and transfer of cleaner fossil fuel technologies.And how is OPEC handling such challenges?First of all, let me stress that, just like anyone else, the citizens of our Member Countries wish to live in a cleaner, safer world, and, moreover, to pass this on to our future generations. We are, therefore, acting on numerous fronts in this complex arena.We aim to reduce our environmental footprint as much as possible.Significant progress has been made with gas-flaring in recent years. Our Member Countries have ambitious programmes aimed at stopping this in the near future. Several Members are actively engaged in the Global Gas Flaring Reduction Partnership.Much has been done already to reduce tailpipe emissions from vehicles and to phase-out the use of lead.Our Member Countries have been investing billions of US dollars in upgrading refineries to meet the most stringent product specifications.OPEC has recently joined the International Energy Agency’s Greenhouse Gas R&D Programme, whose purpose is to cover a wide range of technology options aimed at reducing such emissions.More importantly, one of the three worldwide Carbon Capture and Storage (CCS) demonstration projects is in an OPEC Member Country, Algeria. Other countries are exploring the possibility to widely use CO2 for enhanced oil recovery. However, we believe that, over and above our own efforts, industrialized countries should take the lead in the funding and execution of large CCS demonstration projects, under the accepted principle of ‘common but differentiated responsibilities’.Excellencies, ladies and gentlemen,Let me conclude by reminding you of OPEC’s most important role in sustainable development. This is to provide the fuel of choice, petroleum, to satisfy the world needs, in a reliable, secure, efficient and environmentally-sound manner. This, by itself, is already a great achievement — and it is repeated, without fail, every day.Thank you. "
Source : The Organization of the Petroleum Exporting Countries (OPEC)
Thursday, November 15, 2007
Gov. Schwarzenegger Promotes Alternative Fuel Vehicles at the Annual L.A. Auto Show
Gov. Schwarzenegger Promotes Alternative Fuel Vehicles at the Annual L.A. Auto Show
Today at the annual L.A. Auto Show, Governor Schwarzenegger highlighted the important role the newest alternate fuel and hybrid vehicles play in reducing greenhouse gas emissions in California and throughout the world. The Governor also highlighted the need for more fuel alternatives and greater fuel efficiency to help drive down high gasoline prices.
“It is fantastic to see that the world’s automakers are developing the technology to help us meet our goals in California. These cars come in every size and shape and they prove that we can give consumers the choices they want and still protect the environment,” said Governor Schwarzenegger. “This is exactly the kind of innovation we need. Working together, we will ensure that California remains a leader in clean and alternative fuel vehicles and we will ensure a healthy and prosperous future for our nation.
“Imagine what we can accomplish if we improve efficiency and put more alternatives on the road, whether it is biofuels, electric cars, hydrogen or hybrids. This will also help our families with fuel prices because it’s all about supply and demand. By providing more alternatives, we can drive down oil prices from the $100 a barrel everyone is expecting.”
The L.A. Auto Show is an international auto show showcasing 1,000 of the newest vehicles from 47 of the world’s automobile manufacturers. The L.A. Auto Show has become the main stage for unveiling alternative fuel vehicles as manufacturers look to California, which drives the market for hybrids and other fuel efficient vehicles, to establish trends for environmentally-friendly cars and trucks. This is the second year in a row the Governor has appeared at the show to highlight such vehicles.
Governor Schwarzenegger has made it a priority to put California at the forefront of the booming clean tech industry and to develop a robust infrastructure to support the wide use of clean energy and hydrogen power in California.
In January, Governor Schwarzenegger announced the world’s first Low Carbon Fuel Standard (LCFS) for transportation fuels that requires fuel providers to reduce the carbon intensity of transportation fuels sold in California. This first-of-its kind standard firmly establishes sustainable demand for lower-carbon fuels but without favoring one fuel over another.
The LCFS is projected to initially displace 20% of California's gasoline consumption by 2020 and increasingly more after that. It's also projected to fuel more than 7 million low carbon vehicles by 2020 in California alone - and millions more after that. It is harnessing market forces to jump-start California's and the world's transformation to a low-carbon economy.
Allowing the market to do the work ensures the lowest cost and most consumer-friendly environment. Like AB 32, the LCFS will use market-based mechanisms that allow providers to choose how they reduce emissions while responding to consumer demand. For example, providers may purchase and blend more low-carbon ethanol into gasoline products, purchase credits from electric utilities supplying low-carbon electrons to electric passenger vehicles, diversify into low-carbon hydrogen and other to-be-developed strategies.
This year, Governor Schwarzenegger launched the effort that led to California filing a lawsuit against the U.S. Environmental Protection Agency (EPA) for failing to act on California’s tailpipe emissions waiver request to regulate greenhouse gas emissions for cars and light trucks sold in the state. The Governor lobbied both President Bush and EPA Administrator Stephen Johnson to approve the request so that California can implement the nation’s cleanest standards for vehicle emissions.
In April 2004, the Governor signed an executive order creating a public and private partnership to build the Hydrogen Highway in California by 2010. The Governor opened California’s first public hydrogen fueling station in October 2004, located at Los Angeles International Airport. Currently, there are twenty-five hydrogen-fueling stations in the state. Eventually, a network of hydrogen-fueling stations will be opened throughout California making hydrogen fuel accessible to the increased number of vehicles in California.
Last year, the Governor signed the Global Warming Solutions Act of 2006, California’s landmark bill that established a first-in-the-world comprehensive program of regulatory and market mechanisms to achieve real, quantifiable, cost-effective reductions of greenhouse gases. The law will reduce carbon emissions to 1990 levels by the year 2020 and to 80 percent below 1990 levels by the year 2050.
Today at the annual L.A. Auto Show, Governor Schwarzenegger highlighted the important role the newest alternate fuel and hybrid vehicles play in reducing greenhouse gas emissions in California and throughout the world. The Governor also highlighted the need for more fuel alternatives and greater fuel efficiency to help drive down high gasoline prices.
“It is fantastic to see that the world’s automakers are developing the technology to help us meet our goals in California. These cars come in every size and shape and they prove that we can give consumers the choices they want and still protect the environment,” said Governor Schwarzenegger. “This is exactly the kind of innovation we need. Working together, we will ensure that California remains a leader in clean and alternative fuel vehicles and we will ensure a healthy and prosperous future for our nation.
“Imagine what we can accomplish if we improve efficiency and put more alternatives on the road, whether it is biofuels, electric cars, hydrogen or hybrids. This will also help our families with fuel prices because it’s all about supply and demand. By providing more alternatives, we can drive down oil prices from the $100 a barrel everyone is expecting.”
The L.A. Auto Show is an international auto show showcasing 1,000 of the newest vehicles from 47 of the world’s automobile manufacturers. The L.A. Auto Show has become the main stage for unveiling alternative fuel vehicles as manufacturers look to California, which drives the market for hybrids and other fuel efficient vehicles, to establish trends for environmentally-friendly cars and trucks. This is the second year in a row the Governor has appeared at the show to highlight such vehicles.
Governor Schwarzenegger has made it a priority to put California at the forefront of the booming clean tech industry and to develop a robust infrastructure to support the wide use of clean energy and hydrogen power in California.
In January, Governor Schwarzenegger announced the world’s first Low Carbon Fuel Standard (LCFS) for transportation fuels that requires fuel providers to reduce the carbon intensity of transportation fuels sold in California. This first-of-its kind standard firmly establishes sustainable demand for lower-carbon fuels but without favoring one fuel over another.
The LCFS is projected to initially displace 20% of California's gasoline consumption by 2020 and increasingly more after that. It's also projected to fuel more than 7 million low carbon vehicles by 2020 in California alone - and millions more after that. It is harnessing market forces to jump-start California's and the world's transformation to a low-carbon economy.
Allowing the market to do the work ensures the lowest cost and most consumer-friendly environment. Like AB 32, the LCFS will use market-based mechanisms that allow providers to choose how they reduce emissions while responding to consumer demand. For example, providers may purchase and blend more low-carbon ethanol into gasoline products, purchase credits from electric utilities supplying low-carbon electrons to electric passenger vehicles, diversify into low-carbon hydrogen and other to-be-developed strategies.
This year, Governor Schwarzenegger launched the effort that led to California filing a lawsuit against the U.S. Environmental Protection Agency (EPA) for failing to act on California’s tailpipe emissions waiver request to regulate greenhouse gas emissions for cars and light trucks sold in the state. The Governor lobbied both President Bush and EPA Administrator Stephen Johnson to approve the request so that California can implement the nation’s cleanest standards for vehicle emissions.
In April 2004, the Governor signed an executive order creating a public and private partnership to build the Hydrogen Highway in California by 2010. The Governor opened California’s first public hydrogen fueling station in October 2004, located at Los Angeles International Airport. Currently, there are twenty-five hydrogen-fueling stations in the state. Eventually, a network of hydrogen-fueling stations will be opened throughout California making hydrogen fuel accessible to the increased number of vehicles in California.
Last year, the Governor signed the Global Warming Solutions Act of 2006, California’s landmark bill that established a first-in-the-world comprehensive program of regulatory and market mechanisms to achieve real, quantifiable, cost-effective reductions of greenhouse gases. The law will reduce carbon emissions to 1990 levels by the year 2020 and to 80 percent below 1990 levels by the year 2050.
Monday, November 12, 2007
Dubai Group Purchases US$5 Million in ZAP Shares
Dubai Group Purchases US$5 Million in ZAP Shares
DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA., Nov 12, 2007 - Al Yousuf Group and electric car pioneer ZAP (OTCBB: ZAAP) announced today that the Dubai-based manufacturing and distribution company has invested US$5 million ($5,000,000) in ZAP shares.
The Al Yousuf Group, along with its subsidiary Al Yousuf Motors, is one of Dubai's leading distributors of automobiles, off-road vehicles and boats. Founded in 1952, Al Yousuf Group has 18 subsidiaries with branch offices in Abu Dhabi, Al Ain, Cairo, Fujairah, Jeddah, Ras Al Khaimah, Riyadh, and Sharjah, according to the Middle East information resource Zawya (http://zawya.com/cm/profile.cfm/cid489977/).
ZAP has been a pioneer in electric transportation since 1994, delivering more than 100,000 electric cars, trucks, scooters, bicycles and other vehicles to consumers in 75 different countries. Over the past few years ZAP has accelerated its plans to market electric cars and trucks using the latest in advanced technologies. ZAP is manufacturing a full-line of electric vehicles and has plans to develop full-performance models using the latest advances in automotive technologies.
"I really like ZAP's approach to the electric vehicle market," said Eqbal Al Yousuf, President of Al Yousuf Group. "I am impressed with the technology ZAP is developing -- like wheel motors -- as well as its management team and we look forward to building a broader business relationship with them."
The Al Yousuf Group has developed partnerships with many of the world's renowned brand names in Asia, Europe and the USA. A number of these ventures have grown into long-term business relationships. Al Yousuf Motors' portfolio includes General Motors and Daihatsu vehicles, Daewoo buses, Suzuki motorcycles and outboard engines, Yamaha motorcycles, outboard and marine engines, water vehicles, generators, boats etc.
"We believe there is a big demand for clean transportation in The Middle East and we see ZAP in a position to deliver on that demand," said Hossein Asrar Haghighi, Chief Finance Officer of Al Yousuf Group. "We are long-term investors in this endeavor and will focus our efforts with ZAP on this important work to contribute to a green community worldwide through different units of our Group."
"Forming a relationship with Mr. Al Yousuf over the past several months has opened new horizons for ZAP and its business plans," said ZAP CEO Steve Schneider. "Al Yousuf has been one of Dubai's leading business innovators for more than half century. I believe this is the right relationship for ZAP to expand on its global marketing strategy."
About the Al Yousuf Group
With more than 50 years in business, Al Yousuf Group has diversified into a multitude of industries under various subsidiaries, with dealings in Automotive, Information Technology and Telecommunications, Consumer Electronics, Boat Manufacturing, Air Conditioning, Imperbit Membrane manufacturing, Real Estate, Transportation and more.
The Group has grown remarkably through a combination of aggressive marketing and the continuous addition of new agencies and businesses -- a mark of confidence that the community has in the future of Al Yousuf. It now has a network of subsidiaries and associate companies having staff strength close to 3,000.
Al Yousuf is constantly seeking new opportunities to partner with regional and world brands that are themselves looking to expand to new markets. Increasingly, these companies are recognizing the advantages of partnering with Al Yousuf -- a global organisation that has strengthened immeasurably over the past half century.
With its enviable record of strong continuous growth, the solid support of its business partners, dedicated and loyal workforce behind it, and the Royal Family's vision as its guide, Al Yousuf is well placed to realize its ambitions for the next centuries to come.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on RenewableEnergyStocks.com, TechSectorStocks.com and EnvironmentStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact: Alex Campbell707-525-8658 x 241acampbell@zapworld.com
Al Yousuf GroupMansoor Ali97150-4578130mansoorali@alyousuf.com
Source: ZAP
DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA., Nov 12, 2007 - Al Yousuf Group and electric car pioneer ZAP (OTCBB: ZAAP) announced today that the Dubai-based manufacturing and distribution company has invested US$5 million ($5,000,000) in ZAP shares.
The Al Yousuf Group, along with its subsidiary Al Yousuf Motors, is one of Dubai's leading distributors of automobiles, off-road vehicles and boats. Founded in 1952, Al Yousuf Group has 18 subsidiaries with branch offices in Abu Dhabi, Al Ain, Cairo, Fujairah, Jeddah, Ras Al Khaimah, Riyadh, and Sharjah, according to the Middle East information resource Zawya (http://zawya.com/cm/profile.cfm/cid489977/).
ZAP has been a pioneer in electric transportation since 1994, delivering more than 100,000 electric cars, trucks, scooters, bicycles and other vehicles to consumers in 75 different countries. Over the past few years ZAP has accelerated its plans to market electric cars and trucks using the latest in advanced technologies. ZAP is manufacturing a full-line of electric vehicles and has plans to develop full-performance models using the latest advances in automotive technologies.
"I really like ZAP's approach to the electric vehicle market," said Eqbal Al Yousuf, President of Al Yousuf Group. "I am impressed with the technology ZAP is developing -- like wheel motors -- as well as its management team and we look forward to building a broader business relationship with them."
The Al Yousuf Group has developed partnerships with many of the world's renowned brand names in Asia, Europe and the USA. A number of these ventures have grown into long-term business relationships. Al Yousuf Motors' portfolio includes General Motors and Daihatsu vehicles, Daewoo buses, Suzuki motorcycles and outboard engines, Yamaha motorcycles, outboard and marine engines, water vehicles, generators, boats etc.
"We believe there is a big demand for clean transportation in The Middle East and we see ZAP in a position to deliver on that demand," said Hossein Asrar Haghighi, Chief Finance Officer of Al Yousuf Group. "We are long-term investors in this endeavor and will focus our efforts with ZAP on this important work to contribute to a green community worldwide through different units of our Group."
"Forming a relationship with Mr. Al Yousuf over the past several months has opened new horizons for ZAP and its business plans," said ZAP CEO Steve Schneider. "Al Yousuf has been one of Dubai's leading business innovators for more than half century. I believe this is the right relationship for ZAP to expand on its global marketing strategy."
About the Al Yousuf Group
With more than 50 years in business, Al Yousuf Group has diversified into a multitude of industries under various subsidiaries, with dealings in Automotive, Information Technology and Telecommunications, Consumer Electronics, Boat Manufacturing, Air Conditioning, Imperbit Membrane manufacturing, Real Estate, Transportation and more.
The Group has grown remarkably through a combination of aggressive marketing and the continuous addition of new agencies and businesses -- a mark of confidence that the community has in the future of Al Yousuf. It now has a network of subsidiaries and associate companies having staff strength close to 3,000.
Al Yousuf is constantly seeking new opportunities to partner with regional and world brands that are themselves looking to expand to new markets. Increasingly, these companies are recognizing the advantages of partnering with Al Yousuf -- a global organisation that has strengthened immeasurably over the past half century.
With its enviable record of strong continuous growth, the solid support of its business partners, dedicated and loyal workforce behind it, and the Royal Family's vision as its guide, Al Yousuf is well placed to realize its ambitions for the next centuries to come.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on RenewableEnergyStocks.com, TechSectorStocks.com and EnvironmentStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact: Alex Campbell707-525-8658 x 241acampbell@zapworld.com
Al Yousuf GroupMansoor Ali97150-4578130mansoorali@alyousuf.com
Source: ZAP
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