Nov. 2, 2010 at 3:01 p.m.
Filed under:
Energy,
Environment,
Green,
Updated
By Reuters
Intercontinental Exchange Inc. is shedding some 40 employees from its U.S. environment bourse Chicago Climate Exchange (CCX) by the end of the year, with further cuts in 2011, ICE’s chief financial officer said. “We had about 66 people when we bought the company. I think we’ll be closer to 25 by the end of the year. And then we’ll reduce further into the first quarter,” Scott Hill told a conference call following a company earnings update this week.
The futures exchange group reported a stronger-than-expected 15 percent rise in quarterly profit on Monday.
Industry sources told Reuters in August that ICE had started to make layoffs at CCX in July due to the lack of U.S. action on climate change. Get the full story »
Oct. 29, 2010 at 3:09 p.m.
Filed under:
Energy,
Environment,
Investigations
By Reuters
A New Orleans federal judge overseeing litigation on the Deepwater Horizon drilling disaster signed an order to release materials Halliburton used in the cementing job on BP’s blown-out Macondo well to federal investigators. Get the full story »
Oct. 29, 2010 at 6:28 a.m.
Filed under:
Autos,
Earnings,
Environment,
Green
By Associated Press
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green cars drove sales higher.
Oct. 27, 2010 at 12:57 p.m.
Filed under:
Autos,
Environment,
Green,
Technology
By Dow Jones Newswires-Wall Street Journal
A well-known auto industry forecasting firm on Wednesday suggested that the heavily promoted battery-powered vehicles about to appear are headed for a much slower takeoff then some auto makers and industry analysts expect.
In a new study, J.D. Power & Associates said sales of electric cars are likely to remain low for several years and won’t make up more than a small slice of the global market even 10 years down the road. Get the full story »
Oct. 26, 2010 at 1:46 p.m.
Filed under:
Autos,
Environment,
Government,
Green,
Manufacturing
By Reuters
Chrysler, the once-bankrupt U.S. automaker that received billions in government aid last year, will soon get new federal loans to help retool factories to make more fuel efficient vehicles, according to sources familiar with the matter.
The timing of the Energy Department award to Chrysler is fluid, but sources with knowledge of the financing and the industry say the automaker will likely receive approval for new credit before General Motors Co. Get the full story »
Oct. 25, 2010 at 12:44 p.m.
Filed under:
Autos,
Environment,
Government
By Reuters
The Obama administration on Monday proposed the first fuel efficiency and emissions standards for big tractor trailors and other commercial trucks that run mainly on diesel fuel.
The joint Transportation Department and Environmental Protection Agency initiative covers a range of vehicles from delivery vans to long-haul rigs and is expected to cut nearly 250 million tons of greenhouse gas emissions over the lifespans of vehicles produced within the program’s first five years. Get the full story »
Oct. 19, 2010 at 3:16 p.m.
Filed under:
Energy,
Environment,
Green
By Julie Wernau
In light of a court ruling this month that placed funding for Commonwealth Edison’s smart grid pilot project in jeopardy, the utility is petitioning the Illinois Commerce Commission to wrap an additional $11 million into its $396 million rate-increase case.
The utility asked the commission to decide by the end of the month whether it will hear that request as part of a proposed 7 percent rate hike — a sign of good faith that would allow the utility to finish the project with the expectation that there would be some way for them to recoup the costs at a later day.
Get the full story »
Oct. 12, 2010 at 10:11 a.m.
Filed under:
Energy,
Environment,
Green
By CNN
The Thanet Offshore Wind Farm, the world's largest, located off the Kent coast in southern England. Google plans to invest in a wind farm off the coast of the U.S. (Reuters/Stefan Wermuth)
Google is investing in a new wind farm power grid to be located off the East Coast of the United States.
“We just signed an agreement to invest in the development of a backbone transmission project off the Mid-Atlantic coast, that offers a solid financial return while helping to accelerate offshore wind development — so it’s both good business and good for the environment,” announced the search engine company in a blog on Monday night.
Google said the Atlantic Wind Connection will be located at least 10 miles offshore and will stretch 350 miles from New Jersey to Virginia. The wind farm will be capable of producing 6,000 megawatts, enough to power nearly 2 million homes. The wind-generated power will be delivered to the land-based transmission system via subsea cables, the company said.
Get the full story »
Oct. 12, 2010 at 9:25 a.m.
Filed under:
Energy,
Environment
By Associated Press
The head of Royal Dutch Shell says that his company would never have made the mistakes that led to BP’s devastating Gulf of Mexico oil spill. Get the full story »
Oct. 7, 2010 at 3:15 p.m.
Filed under:
Energy,
Environment,
Government,
Litigation
By Reuters
The Illinois attorney general sued Enbridge Inc.’s U.S. affiliate Enbridge Energy Partners Thursday, as the state seeks to have the company pay the costs to clean up an oil pipeline spill last month.
Atty. Gen. Lisa Madigan and James Glasgow, the state’s attorney for Will County, filed an eight-count complaint against the company. Get the full story »
By Reuters
Advertisers should steer clear of saying their products are “environmentally friendly” or “eco-friendly,” the Federal Trade Commission said in proposed rules put out Wednesday.
The agency, however, did not weigh in on other terms — “sustainable,” “natural” and “organic” — because they are the purview of the Agriculture Department. Get the full story »
Oct. 6, 2010 at 11:32 a.m.
Filed under:
Energy,
Environment,
Green
By Associated Press
Central Illinois cities that want to be part of a massive clean-coal project are getting a look at what they need to host a carbon dioxide storage facility. The FutureGen Alliance released specifications for the facility Wednesday.
Oct. 1, 2010 at 5:41 a.m.
Filed under:
Earnings,
Environment
By Reuters
BP named the Gulf of Mexico assets that it will use to help finance the $20 billion fund for victims of its oil spill and said the cost of dealing with the disaster had risen to $11.2 billion. Get the full story »
Sep. 29, 2010 at 5:58 p.m.
Filed under:
Autos,
Energy,
Environment,
Green
By Julie Wernau
The Illinois Commerce Commission has asked the state’s three major electric utilities to assess the impact that plug-in vehicles could have on ratepayers.
With the first major plug-in vehicle rollouts scheduled for next month, it is still unclear how much ratepayers in Illinois will pay to charge those vehicles or what upgrades will be needed to the state’s electrical infrastructure. The ICC said Wednesday that utilities have been asked to report back by December about the vehicles’ potential impact in a white paper that will guide a new statewide committee established to prepare for the vehicles. Get the full story »
Sep. 29, 2010 at 3:37 p.m.
Filed under:
Environment,
Green,
Health care,
M&A
By Tribune staff report
Medical waste disposal firm Stericycle, Inc said it has agreed to buy Healthcare Waste Solutions, Inc. for $245 million in cash.
Lake Forest-based Stericycle said Healthcare Waste “provides a resource management assessment and consulting program for all waste streams to healthcare providers.” Get the full story »
