The US-owned bottled water giant Fiji Water shut down operations in the military-ruled Pacific nation of Fiji Monday, after the nation raised the tax on pumping the water the firm exports.
Economy & Business
Some transnational technology corporations see billions of dollars of business opportunity in China's rollout of a "smart grid" energy infrastructure in the next five years. No plans of comparable scale exist in the U.S.
"Now that the Cleantech Open –- the self-described Academy Awards of the clean-technology industry -– is over, we have some new, young companies to watch."
As part of the American Recovery and Reinvestment Act, the federal government is shoveling more than $32 billion to the states to develop what it considers less-polluting energy and to train, certify, recruit, and retain workers.
"Even as developed countries close or limit the construction of coal-fired power plants out of concern over pollution and climate-warming emissions, coal has found a rapidly expanding market elsewhere: Asia, particularly China."
"A tough political atmosphere in which Congress backed away from comprehensive clean energy and climate change legislation may have been the nail in the coffin for one of the voluntary carbon market's early pioneers."
A record amount of US corn-based ethanol is being exported, despite the PR campaign touting ethanol as a domestic alternative to importing foreign oil. The reason: a Congress-passed tax credit for blending ethanol with gasoline. The credit -- a giveaway adding at least $6 billion to the federal deficit -- is scheduled to expire this year.
"Solyndra, a Silicon Valley solar-panel maker that won half a billion dollars in federal aid to build a state-of-the-art robotic factory, plans to announce on Wednesday that it will shut down an older plant and lay off workers."
"The financial risks posed by the loss of species and ecosystems have risen sharply and are becoming a greater concern for businesses than international terrorism, according to a United Nations report released [Wednesday]."