5 yrs ago an American engineer told regulators (I presume in JP) that the Fukushima emergency vents plan was flawed. O well. Now the world has more nuke crap to breathe or eat.
VA Supreme Court to rule on insurance coverage of warming claims. Heavy rains, flooding may be "new norm". Insurance industry already factoring it into premiums.Econ losses from natural disasters (US?) gone from $25B/yr in '80's to $130B/y in last decade. Even with inflation ...
House GOP bill would spur approval of oil sands pipeline. Senate Judiciary approved bill increasing Clean Water Act penalties. NRC commissioners forced release of Yucca safety reports. IEA: w/out more crude, econ recovery in danger. Well, let's get cruder. Or do they mean crude and substitutes? NOAA chief warns of rapid onset of "unprecedented" changes in oceans.
Bank of America vowing to reduce their GHG's 15% by '15 from '10 baseline. Reduced them 18% from '04-'09. LEED buildings, supply chain efficiencies, employee engagement. Since '07, BOA undertook 10-yr $20B initiative to address climate change by targeted investment, loans, philanthropy.
Robert Kennedy Jr: "show me a polluter, I'll show you a subsidy." He wants gov to restore free-market capitalism for environment.
Demand response - ENOC, COMV - just beginning to move overseas. ENOC's UK deal. Technically, China doesn't even have it yet.
POTUS' opportunity to give us a decade challenge - a la "we choose to go to the moon" - is running out of time. What's the vision? Everything? World peace through justice? Clean energy? Budget/trade surpluses from here to kingdom come? Do we want a goal? Remember what the moon program gave us. Rocks? Computers.
India could replace gasoline imports with ethanol by '20.
DOE Section 1705 (loan guarantees) running into sunset. Put on hold. But. There's 1703 (Star Trek's "Enterprise" #?). $170M there, scored on 10:1 basis ($1.7B). Projects approved over the $1.7B will have to fund an additional 10%. Eg: $2.1B Blythe solar project to require another $210M in equity funding. USDA still has loan guarantees for biofuel projects. A group including Citibank interested in running the program for the gov. But. Renewable fuel standards a more elegant, powerful system for advancing biofuels.
LinkedIn the big nuze today. LNKD. Double+ in 1 day on IPO. Professional networking website. Now valued at 25X revs of $94M in Q1, a double yoy. Net $2M. Facebook would be $100/sh at that val. Helping VC industry, which lost money last 10 yrs from dearth of IPO's. Biz model similar to Salesforce.com. Looks like EBay still has record 163% gain on IPO day. '98. Hoffman, tho, the new name on the block.
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