Despite the near daily hum telling us that we’re in big trouble, sometimes we read something that makes us think: wow, we’re in big trouble. An Ernst & Young report released yesterday profiling 40 benchmark oil exploration and production companies in the U.S. found oil production has remained flat at 1.2 billion barrels per year [...]
A resolution to separate the chairman and CEO positions at ExxonMobil failed to receive a simple majority today at the energy company’s annual shareholder meeting in Dallas. The resolution was one of four promulgated by descendants of Standard Oil founder John D. Rockefeller aimed at getting ExxonMobil to focus on energy portfolio diversification and environmental [...]
A colleague of mine recently told me of a conversation he had with a friend of his in the investment community. Greentech is more concept than reality, the investor said, and the market is bound for a drastic shift once investors figure that out. A lot of the focus in the greentech market is on [...]
This past weekend, I was talking about a tech company with a friend of mine. The company in question looked promising, but the exit strategy patently seemed geared toward a quick sale.
“It’s a burger,” he said. “Born to flip.”
That description will become more common in the world of biofuels. A whole raft of cellulosic [...]
Automaker Nissan will announce plans today to launch an electric vehicle in the U.S. and Japan by 2010. In doing so, Nissan will be the first major automaker to bring an EV to the U.S. market. It will expand the line globally by 2012.
Nissan is also working with corporate partner Renault on developing an EV [...]
The world could see an unprecedented spike in oil prices toward $200 a barrel that could plunge the world into a panic.
Or it might drop to $90 a barrel after a new president is inaugurated in 2009 as the Saudis try to cozy up to a new U.S. president.
Arjun Murti of Goldman Sachs put out [...]
Green Light is the traffic cop at the intersection of green technology, business and policy. We cover the highs and lows of the greentech market, providing news, commentary and analysis on the companies and personalities–-winners and losers alike-–driving its growth and evolution.
The possibility of Congress granting oil companies rights to develop offshore reserves in previously protected areas is one of the hottest topics going these days. ...
British Energy, the UK's nuclear power monopoly, will likely be sold to Electricité de France this week in a deal valuing the company at close ...
The new home of Other World Computing, a large computer dealer in Woodstock Illinois, is about as green as you can get. The building, which will ...
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