Corporate Responsibility and Sustainability News - ENN

Auto Workers to hold emergency meeting on bailout

CNN Money — Tue, 02 Dec 2008 08:38:00 EST

NEW YORK (Associated Press) - Local United Auto Workers leaders from across the country will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to help auto companies get government loans.

CleanTech Goes Through The Roof

Mon, 01 Dec 2008 09:43:00 EST

Investment managers at cleantech funds are looking at the world with totally new eyes these days – the financial crisis, which has ravaged stock prices and wiped out major financial institutions, offers buying opportunities that are unprecedented. Now’s the best time to snap up bargains, they say. The hard numbers prove this ain't illogical. The US clean tech sector rose 55% to more than $2.4 billion over the past twelve months. One of the main drivers of this could be the US government's $700 billion Housing and Recovery Act stimulus package. The tax concessions boosted wind energy, geothermal and biomass projects and are expected to have a long lasting effect on the capital markets.

China, India lead demand for extra help in climate change struggle

http://www.terradaily.com — Wed, 26 Nov 2008 10:06:00 EST

China and India next week will spearhead calls for rich nations to dig into their pockets to tackle climate change but will resist targeted curbs on their own carbon emissions, sources say. The 12-day UN climate talks, starting in Poland on Monday, are a stepping stone towards an international pact, due to be completed by the end of 2009, for addressing climate change beyond 2012.

Harvard urges rich nations to cut emissions first

http://www.guardian.co.uk — Mon, 24 Nov 2008 09:53:00 EST

LONDON, Nov 24 (Reuters) - Rich nations should make the first cuts in greenhouse gases while developing countries carry on business-as-usual for the time being, according to a report published on Monday by Harvard University. This is among proposals by the American university's Belfer Center for Science and International Affairs to negotiators who meet for U.N. climate talks next week in Poland. The current climate pact, the Kyoto Protocol, expires in 2012 and governments are scrambling to agree a new treaty by the end of next year.

Oil rises near $51, OPEC and equities support

Reuters — Mon, 24 Nov 2008 09:08:00 EST

Oil rose by almost a dollar a barrel on Monday as investors considered the prospect of a further OPEC supply cut and as stock markets rallied following the U.S. government rescue of U.S. bank Citigroup. Venezuela said on Sunday the Organization of the Petroleum Exporting Countries should cut supply further, while Iran made similar remarks on Monday. OPEC oil ministers meet for informal talks in Cairo on November 29.

Energy Agency Predicts High Prices in Future

Mon, 24 Nov 2008 08:59:00 EST

The world can expect energy prices to continue their generally upward spiral in the years ahead if global energy policies remain the same, theInternational Energy Agency (IEA) reported this week. Rapid economic development in China and India, coupled with relatively consistent energy use in industrialized nations, will likely strain the world's ability to meet a projected rise in energy demand of some 1.6 percent a year until 2030, the agency predicted Wednesday in its annualWorld Energy Outlook report [PDF].

Solar Company Offers to Buy a Piece of GM

Thu, 20 Nov 2008 07:39:00 EST

You know times have changed when a German solar energy company is offering to throw General Motors a bone and shell out $1.26 billion for one of its subsidiaries.