Posts Tagged ‘Million’

£4 million boost for food and forestry businesses

The announcement was made today by Alun Davies, Deputy Minister for Agriculture Fisheries, Food and European Programmes, who said the funding will be allocated between the Processing and Marketing Grant Scheme (PMG) and Supply Chain Efficiencies Scheme (SCE), which are part of the Rural Development Plan for Wales 2007-13.

Approximately £2 million is available for each scheme and will  be allocated through a competitive bidding round.

Mr Davies described it as an important boost:

“Both these schemes have been highly successful in helping businesses develop and market new products and build and develop local supply chains that help spread the economic benefits wider in our rural communities.

“I am pleased to announce this additional funding today that is designed to help businesses become more competitive and sustainable by developing new products and accessing new markets, both creating and safeguarding jobs and encouraging collaboration between companies.”

It is anticipated there will be significant demand for the grant available and businesses are now invited to submit outline proposals for new or additional investments.

The applications will be assessed against criteria that includes economic benefits, job creation and the contribution that is expected to be made towards the objectives of the RDP.

Applications will be accepted from eligible SME businesses with proposals for new PMG Scheme projects.  Applications to the SCE Scheme will be accepted from existing and new project sponsors for new projects or new activities that will add value to their current live project.
 

Environment and countryside

GreenMan Technologies Announces Completion of an $8.2 Million Private Placement and the Appointment of Three New Directors

LYNNFIELD, MA–(Marketwire – Apr 30, 2012) – GreenMan Technologies, Inc. (OTCQB: GMTI) (PINKSHEETS: GMTI) announced today the completion of a private placement for $ 8.2 million of 10 percent Convertible Preferred Stock to several institutional investors, led by Spring Mountain Capital and Next View Capital, private investment management firms based in New York City and Chicago, respectively.

The preferred stock has a 10 percent annual dividend, payable quarterly at the Company’s option in cash or in common stock, and is convertible to common stock at a conversion price of $ 0.40 per share. The investors also received five-year warrants to purchase a number of shares of common stock equal to the number of conversion shares, exercisable at $ 0.50 per share. Both the preferred stock and the warrants are subject to adjustment for certain dilutive issuances and upon other customary terms, and they may be converted or exercised, at any time. The investors have the right, exercisable at any time before March 31, 2013, to purchase up to an additional $ 2.7 million of preferred stock and warrants under the same terms. The Company is required to file a registration statement with the Securities and Exchange Commission on or before May 27, 2012, to register for the resale of the shares of common stock issuable upon the conversion of the preferred stock and the exercise of the warrants.

“We believe that GreenMan provides the best dual-fuel conversion technology available in the market. The Company’s non-invasive solution allows its customers to take advantage of the lower cost of natural gas, while maintaining the performance benefits of diesel gas when needed,” said Jamie Weston, a Managing Director in the private equity group of Spring Mountain Capital. “We are very pleased to be co-leading this growth capital investment, which will enable GreenMan to take advantage of robust market demand within both the vehicular and stationary markets.”

“Next View Capital is pleased to be a co-lead investor in GreenMan. The management team, the new investor base, and the Board of Directors are all value add, and help to lay the foundation for the Company to be transformative in the areas of energy efficiency, both in the transportation and energy drilling industries,” said Stewart Flink, Managing Director of Next View.

In conjunction with the close of the financing, Iowa State Bank extended the maturity of GreenMan’s credit facility to April 25, 2013 and increased its borrowing limits to $ 2.25 million. In addition, approximately $ 3 million of long-term convertible debenture holders converted into common shares in conjunction with this financing.

The preferred stock investors have the right, voting separately, to elect three members of the Board and the holders of the common stock have the right, voting separately, to elect four members. After March 31, 2013, the holders of the common stock will have the right, voting separately, to elect three members of the Board, for a total Board of six Directors. At the closing of the financing, Dr. Allen Kahn and Thomas Galvin resigned as Directors, and the following three members were appointed to the Board:

Neil Braverman is the founder of Associated Private Equity. He previously founded and was co-Chairman of Safeskin Corporation, the leading manufacturer of latex/synthetic gloves to the healthcare and electronic markets, which was sold to Kimberly Clark Corporation in 1999. Prior to Safeskin Corporation, Mr. Braverman founded Paramount Oil Corporation, a manufacturer of motor and industrial oils. During his career, Mr. Braverman founded and managed numerous real estate investments and manufacturing firms. He began his entrepreneur career founding and building the largest wig company in the U.S., which sold to U.S. Industries. He received a B.S. degree from Georgia Institute of Technology.

Avi Faliks, Ph.D. is a Managing Director of Spring Mountain Capital. He previously was a private investor, acquiring distressed consumer companies that were restructured, rebuilt, and sold to strategic investors. Prior to his private equity investment activities, Dr. Faliks was the co-founder and Managing Director of Apex Capital Management, a hedge fund based in New York and Hong Kong specializing in Greater China investments. He was previously CEO of AccuImage Diagnostic Corp. Dr. Faliks began his investment career at Bear Stearns’ Strategic Structures and Transactions Group. He received a Ph.D. in Chemical Physics from Princeton University and graduated with a B.A. with honors in Applied Mathematics from Harvard College.

Jamie Weston is a Managing Director of Spring Mountain Capital. He was previously a Partner at The Wicks Group of Companies, a private equity firm with close to $ 1 billion under management, focused on selected segments of the information, education, and media industries. During his 15 years at Wicks, Mr. Weston was an integral part of its investment and management activities and served on the board of directors of many of its portfolio companies. While at Wicks, he directly structured and negotiated more than 20 acquisitions and divestitures and worked on more than 40 additional closed transactions. Prior to Wicks, Mr. Weston worked at IBJ Whitehall Bank & Trust Company and National Westminster Bancorp, where he completed leveraged financings. He received an M.B.A. from Fordham University and a B.A. in Economics, cum laude, from Drew University.

Maury Needham, GreenMan’s Chairman, stated, “We are proud of the caliber of investors as well as new Board members that we have attracted with this financing, endorsing both our Company and its strategy. Our three new Board members add considerable and varied business acumen and we look forward to their contribution. Furthermore, we are thankful to our debenture holders who converted to common stock in conjunction with this deal, thereby further strengthening our balance sheet.”

Lyle Jensen, GreenMan’s President and CEO, stated, “This transaction puts GreenMan in a unique position to drive considerable growth given the increasing adoption of natural gas as an energy source and the attractive economic return of our patented dual-fuel solution. With an enhanced capital structure and bolstered Board of Directors, we now look forward to turning our attention to execution and fulfilling the growing demand for our product.”

Ardour Capital Investments, a leading research and investment banking firm exclusively focused on energy technology, alternative energy and power, and clean and renewable technologies, acted as the Company’s placement agent in connection with the financing. The Company will use the net proceeds of approximately $ 7.5 million after fees and expenses from the financing for working capital purposes and to advance its dual-fuel technologies business.

Further details of the financing will be set forth in a current report on Form 8-K, which the Company will file with the Securities and Exchange Commission by Wednesday, May 2, 2012.

Conference Call
Please join us Tuesday, May 1, 2012 at 11:30 AM ET for a conference call in which we will discuss this financing. To participate, please call 1-888-806-6208 and ask for the GreenMan call using pass code 1809544. A replay of the conference call can be accessed until 11:50 PM ET on May 31, 2012 by calling 1-888-203-1112 and entering pass code 1809544.

About GreenMan Technologies
GreenMan’s alternative energy subsidiary, American Power Group, Inc., provides a cost-effective patented Turbocharged Natural Gas™ conversion technology for aftermarket diesel engines and diesel generators. American Power Group’s dual fuel technology is a unique non-invasive energy enhancement system that converts existing diesel engines into more efficient and environmentally friendly engines that have the flexibility to run on: (1) diesel fuel and compressed natural gas; (2) diesel fuel and liquefied natural gas; (3) diesel fuel and pipeline or well-head gas; and (4) diesel fuel and bio-methane, with the flexibility to return to 100% diesel fuel operation at any time. The proprietary technology seamlessly displaces up to 80% of the normal diesel fuel consumption with the average displacement ranging from 40% to 65%. The energized fuel balance is maintained with a proprietary read-only electronic controller system ensuring the engines operate at engine manufacturers’ specified temperatures and pressures. Installation on a wide variety of engine models and end-market applications require no engine modifications unlike the more expensive invasive fuel-injected systems in the market. See additional information at: www.greenman.biz and www.americanpowergroupinc.com.

Caution Regarding Forward-Looking Statements and Opinions
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements and opinions, including, but not limited to, statements relating to new markets, development and introduction of new products, and financial and operating projections. These forward-looking statements and opinions are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements and opinions. These risk factors include, but are not limited to, results of future operations, difficulties or delays in developing or introducing new products and keeping them on the market, the results of future research, lack of product demand and market acceptance for current and future products, adverse events, product changes, the effect of economic conditions, the impact of competitive products and pricing, governmental regulations with respect to emissions, including whether EPA approval will be obtained for future products and additional applications, the results of litigation, factors affecting the Company’s future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company’s SEC reports, including the report on Form 10-K for the year ended September 30, 2011 and the Company’s quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements and opinions, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements and opinions that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Marketwire – Environment

King Resources, Inc. (KING) To Retire 500 Million Shares

HENDERSON, NEVADA–(Marketwire – April 16, 2012) - King Resources, Inc. (PINKSHEETS:KING) www.king-resources.com is in the process of retiring approximately 500 million shares.

This new share reduction will not impact the previously announced targeted merger candidates, and the merger should finalize as planned by the management. KING will in lieu of issuing shares for the merger, issue options at a higher strike price than currently traded at. The merger company will have to meet pre determined milestones.

A confirmation letter is being currently obtained from the transfer agent and will be filed on OTC MARKETS separately.

New share structure (anticipated completion by May 1 2012)

  • Authorized Shares 2 billion
  • Outstanding Shares 900 million
  • Float 350 Million (approximately)

More details and filings will follow shortly.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of King Resources, Inc., that constitutes forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be,” “expects,” “may affect,” “believed,” “estimate,” “project” and similar words and phrases are intended to identify such forward-looking statements. King Resources, Inc. cautions you that any forward-looking information provided by or on behalf of King Resources, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. King Resources, Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond King Resources, Inc.’s control. In addition to those discussed in King Resources, Inc.’s press releases, public filings, and statements by King Resources, Inc.’s management, including, but not limited to, King Resources, Inc.’s estimate of the sufficiency of its existing capital resources, King Resources, Inc.’s ability to raise additional capital to fund future operations, King Resources, Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match King Resources, Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. King Resources, Inc. does not undertake any obligation to publicly update any forward-looking statement.

Marketwire – Environment

Building Turbines, Inc. Talks About Positive Cash Flow, Million Dollar Expectations, and Tax Credits in StockTradersTalk.com Radio Show

SOURCE: Building Turbines, Inc.

AUSTIN, TX–(Marketwire – Apr 13, 2012) – Building Turbines, Inc. (PINKSHEETS: BLDW) participated Thursday, April 12, 2012, in a live radio interview with www.stocktraderstalk.com to discuss the company’s opportunity to impact the $ 634 million small-wind turbine industry. The interview featured John F. Graham the CEO of Building Turbines, Inc. (BLDW) and future partner Bill O’Rourke of Eco Wind Solutions, Inc. (EWS). Their “marriage,” or merger, should be completed and formally announced in a few days; however, the two state they have agreed on all major forthcoming terms. The two entities together will be able to handle the design, manufacture, distribution, and installation of all the essential, and aesthetic, components of a rooftop mounted wind turbine easily accessible for commercial and/or residential use.

EWS’s prestigious Honeywell units are easily installed for residential and small scale, renewable wind energy GENERATION. BLDW units are slightly larger and are more apt for commercial installation. EWS rep Bill O’Rourke predicted that within 60 days the company would have 300-400 units on the ground generating both companies “millions” in revenue. O’Rourke also spoke about government tax incentives and credits of up to 80% for end-users. Once the units are up and running the unit not only pays for itself but EARNS income for being green, having no-carbon footprint, and generating electricity.

Both Mr. Graham and Mr. O’Rourke spoke of branching out of the Texas market in the near future with O’Rourke alluding to “the greenest county in Florida” wanting to test units on county buildings; Graham followed up by speaking briefly about a deal in Colorado which could require small wind turbines to generate power for slightly under 1000 communications tower’s lights during frequent blackouts in the mountainous region.

Both Interviewees agreed that “Alternative energy is the future” and see the energy market as being forced into their direction to save money, reduce dependence on foreign resources, and to preserve our environment. As of now the wind energy market is estimate to double, for the second time, by 2015. To hear the entire interview please visit one of the following: http://www.blogtalkradio.com/stocktraderstalk, http://www.stocktraderstalk.com.

About Building Turbines, Inc.

Based in Austin, Texas, Building Turbines, Inc. is a renewable energy company focused primarily on designing, manufacturing and deploying revolutionary rooftop mounted wind turbines and other related energy saving components for urban environments. For more information visit their website at www.buildingturbines.com, or email them at [email protected].

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,”" projected,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management’s expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Marketwire – Environment

IKEA, in Partnership with American Forests, Announces the Planting of 2 Million Trees Across America

CONSHOHOCKEN, Pa.–()–Two million trees have been planted across America. That’s a big impact
on our environment. Through the IKEA Plant A Tree program, in
partnership with American Forests, these trees have directly helped to
restore vulnerable ecosystems and endangered habitats. Plus two million
trees planted is just a good thing to do. They provide enough oxygen for
one million people each year, as well as remove and store the carbon
dioxide emissions of 10,000 average cars over each cars’ lifespan.

“We at American Forests deeply appreciate the
partnership of IKEA and its customers in this important work.”

Since 1998, IKEA has been dedicated to improving the lives of many
people through its national in-store ‘Plant A Tree’ program. These
contributions, together with money donated by IKEA, have recently
resulted in the raising of $ 2 million to plant 2 million trees across
America. And during the month of April, IKEA FAMILY ‘loyalty’ card
member usage will also support IKEA in its donations to plant more trees
through American Forests.

Trees from the Plant A Tree program have been planted in many forests
across America. Designated by American Forests for specific locations,
these plantings have included some of the following sites and amounts:
74,000 trees in the McNally Fire restoration in California; 15,000 trees
in Arizona for the Warm Fire Restoration project; and over 100,000 trees
in the Lower Rio Grande in Texas.

Why ‘Plant a Tree’ program?

Trees and forests are a crucial part of the Earth’s ecosystem. Trees are
green machines that clean our air and water by absorbing pollution and
stabilizing the soil. The trees donated to American Forests are planted
throughout the US in environmental restoration projects.

“Thanks to American Forests and IKEA US customers, we are celebrating
the planting of 2 million trees across America. We are pleased to be
able to make a difference in helping to restore hundreds of ecosystems,
habitats and forests, while having cleaner air, drinking water, and
reducing CO2 pollution,” said Mike Ward, President, IKEA US.

“Forests are the most important land-based ecosystems on earth. IKEA’s
commitment to planting trees makes a real difference, both for the
health of our planet and its inhabitants,” said Scott Steen, CEO of
American Forests. “We at American Forests deeply appreciate the
partnership of IKEA and its customers in this important work.”

IKEA and Sustainable Practices:

  • IKEA conducts an annual review in all IKEA stores to measure
    environmental progress, such as energy and waste reduction.
  • In addition to IWAY forestry requirements, the share of FSC-certified
    wood increased from 15.8 percent to 16.2 percent, an equivalent of
    55,000 loaded timber trucks.
  • IKEA flat packs its home furnishing products to not only keep costs
    low but to also reduce CO2 emission by utilizing efficient
    transport. The goal is to reduce emissions by 20 percent by the end of
    FY16.
  • IKEA is committed to sustainability in its everyday practices and
    through its extensive IWAY Code of Conduct system.

About IKEA:

IKEA, the world’s leading home furnishings company, was founded in 1943
in Sweden. Since then, IKEA, the Life Improvement Store has offered home
furnishings and accessories of great design and quality with functional
living solutions at everyday low prices. Currently there are more than
300 IKEA stores in 37 countries, including 50 in North America (11 in
Canada; 38 in the US; 1 in the Dominican Republic). IKEA has six
distribution centers in North America. TIME Magazine (May 2009) listed
IKEA as one of the top 8 most global eco conscious companies. IKEA
incorporates environmentally friendly efforts into day-to-day business
and continuously supports initiatives that benefit causes such as
children and the environment including UNICEF, Save the Children and
American Forests. To visit the IKEA Web site, please go to www.IKEA-usa.com
and also learn more about IKEA environmental and social responsibility
actions and programs. Also visit www.Facebook.com/IKEAUSA.

For more information on IKEA and forestry, click here http://www.ikea.com/ms/en_US/about_ikea/our_responsibility/forestry_and_wood/index.html.

For more information about IKEA and American Forests, click here http://www.ikea.com/ms/en_US/about_ikea/our_responsibility/national_community_involvment/index.html.

See your local store website for information on celebrations in your
local IKEA store.

For more information on American Forests, click here www.americanforests.org.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50231224&lang=en

Business Wire Environment News

More than four million households in debt to their energy supplier

$1.2 Million DEC Fine Marks Significant New Level of Enforcement and Underscores a Pattern of Violations at Indian Point

NEW YORK — April 3, 2012 — The New York State Department of Environmental Conservation’s imposition of a $ 1.2 million fine on Entergy marks a new and welcome level of enforcement of public safety requirements at the Indian Point nuclear plant.  The DEC fine, which stems from a November 2010 transformer explosion, fire and oil spill into the Hudson River at Indian Point 2, is as far as we can determine the largest fine Entergy has paid — significantly higher than any the Nuclear Regulatory Commission has imposed — for non-compliance at Indian Point.  Hudson River Sloop Clearwater joins others in praising the State’s move to make Entergy more accountable for its longstanding violations of laws and regulations. 


“This action demonstrates that the DEC is taking its responsibility to protect the Hudson River seriously,” said New York State Assemblywoman Naomi Rivera of the Bronx.  “The DEC and the Attorney General’s office are also calling for closed cycle cooling to protect our declining fish population and addressing many other technical issues related to the relicensing of Indian Point.  The Nuclear Regulatory Commission, on the other hand, seems to be more interested in assuring that nuclear power plants are relicensed than in taking a hard look at the implications of relicensing in the context of a post-Fukushima world. Because the NRC considers evacuation to be out of the scope of the relicensing process, I am calling for the New York State Assembly to hold hearings on the viability of current evacuation plans for Indian Point and what can be done to better assure the public health and safety.”


In light of the 2010 explosion and a pattern of other violations and preventable mishaps at Indian Point, Clearwater is renewing its call for the NRC to deny a 20-year renewal of Indian Point’s operating licenses, set to expire in 2013 and 2015, and for the plant to shut down.  The same sort of chronic failures to properly inspect, report, and maintain Indian Point’s transformer facilities as required by law can also lead to other, more serious accidents and releases of radioactivity.


“This is symptomatic of how disasters happen,” said Clearwater’s executive director Jeff Rumpf. “We are told we are safe and that redundant protection systems will work, but they did not work. There was an explosion, and toxins were released into the Hudson. If the same thing were to happen where spent fuel rods are stored, we would have a disaster of great magnitude. I applaud the State for stepping in and being vigilant where the Federal government has not.”


“This was not the first transformer explosion at Indian Point,” said Clearwater’s environmental director Manna Jo Greene.  “This one resulted in the spilling of thousands of gallons of petroleum-based transformer oil into the discharge canal and into the Hudson River when the containment system failed.  That was completely preventable and should never have happened.  When the first transformer fire occurred years before, it should have signaled the need to change out all the transformers in this aging system.  Failure
to insist on this mechanical upgrade demonstrates Entergy’s wait-and-see attitude, and faulty oversight by the Nuclear Regulatory Commission.”


In April of 2007 there had been a similar transformer explosion and fire at Indian Point 3.  At that time, Entergy spokesperson Jim Steets claimed that the transformer had just gone through a rigorous, monthly inspection that found nothing wrong. “There was no reason from the program” why the transformer should have failed, Steets said.  But according to The New York Times, “The Nuclear Regulatory Commission investigated and said plant workers had failed to spot potential deterioration in a part, which contributed to the fire.”


NRC spokesman Neil Sheehan cited failed bushings (ceramic insulators on top of the transformer) as the part that apparently caused the April 2007 explosion. According to the DEC’s consent order, in November 2010, the same problem, a failed bushing, again caused Indian Point 2’s transformer to explode (twice) and burn. 


In the 2010 explosion, all 20,000 gallons of insulating oil the transformer contained leaked out, and the surrounding containment wall and moat were breached. Entergy hired private contractors who managed to recover some 10,000 gallons of the spill from the containment moat area, the discharge canal, and the Hudson, but the rest escaped and much of it contaminated the River, violating Indian Point’s State Pollution Discharge Elimination (SPDES) permit. $ 600,000 of the $ 1.2 million DEC penalty is to fund an environmental cleanup plan, yet to be specified.


DEC investigations of the 2010 incident found Entergy had violated multiple state and federal laws, regulations and codes, including the Clean Water Act.   In addition to violating its SPDES permit, by law Entergy was obligated to “properly maintain all disposal facilities…to achieve compliance with the conditions of the SPDES permit,” but did not — the DEC discovered that the containment wall around the transformers had been notched and cracked.  Entergy decided not to disclose the spill to the public at all, and was slow to report it to the DEC.  Entergy is required by law to notify the DEC of the discharge immediately, and in no circumstances more than two hours after the incident, but failed to report the November 2010 incident for nearly three hours. Critics charged Entergy even made it difficult for DEC officials gain access to the site to assess the full extent of the spill.


The DEC investigation found additional violations in Entergy’s chemical storage tanks.  Entergy’s Spill Prevention Report (SPR) left three storage tanks out entirely, while the SPR and compliance reports for IP2 and IP3 failed to include sufficient detail (such as information tank life expectancy) going back as far as nine years.  Tanks were left uninspected for longer than the mandated five-year period.  Though tanks not inspected within five years are required to be taken out of service, these uninspected tanks continued to be used.


Despite the DEC investigation and fine, serious problems with Indian Point’s transformers persist.  In late February, Indian Point 3 shut down due to the buildup of hydrogen and other combustible gases in transformer oil, a sign that the transformer equipment is degrading.  Although this time it did not result in an explosion, sparks could have touched one off.  The transformer was taken offline and troubleshot, according to Entergy spokesman Jerry Nappi, quoted in a March 2 news report.  At that time he said it was “too soon to tell” whether the malfunctioning transformer would be replaced or repaired and put back into service.


Entergy’s reluctance to replace aging, malfunctioning equipment is intolerable in the post-Fukushima world.  While an oil leak is not comparable to the disastrous meltdown in Japan a year ago, transformer explosions are very dangerous events, and Entergy’s track record of longstanding, repeated violations and preventable mishaps at Indian Point indicates a cavalier attitude towards legal and regulatory compliance that ignores and denies the lesson of Fukushima, that “it could happen here.”


In fact, Indian Point has risk factors that are not only comparable, but in some cases worse than those of  Fukushima, including Indian Point’s location at the convergence of two earthquake fault lines, the much greater population density surrounding it, and its totally inadequate, unimplementable evacuation plan. Indian Point’s spent fuel pools contain about three times as much radioactivity as all the spent fuel pools of Fukushima’s stricken reactors put together.


To mark the one-year anniversary of Fukushima, Clearwater recently organized a forum for first responders and emergency planners in our region. It featured visiting Japanese experts and eyewitnesses who lived and worked through the disaster.  They told the audience that even Japan’s evacuation and safety procedures, which are much more robust and rigorously drilled than ours, left residents unprepared.  In the end, the plans and procedures bore no relationship to what actually happened during the disaster. Still less will Entergy’s management of the plant, the current level of federal oversight and current emergency planning protect us from or prepare us for a serious nuclear accident at Indian Point.


 “It is imperative that emergency response and evacuation procedures be revamped to consider the real possibility of a serious accident at Indian Point” said Peekskill Mayor Mary F. Foster. “There is much that can be learned from the first responders at Fukushima and I am thankful that the Governor and NYS DEC are taking these possibilities seriously.”


The DEC’s demonstrated willingness to ramp up enforcement and accountability at Indian Point focuses scrutiny on Entergy’s pattern of non-compliance, and is a significant and welcome step forward.  Clearwater also believes that in order to eliminate the unacceptable risk of a catastrophic accident at Indian Point, extension of its operating licenses must be denied, and the plant must close. 



About Clearwater


For over 40 years, Hudson River Sloop Clearwater has been at the forefront of the environmental movement as champion of the Hudson River, working to pass landmark legislation like the Clean Water Act, providing innovative educational programs, environmental advocacy, and musical celebrations, including the renowned annual Clearwater Festival, to inspire, educate, and activate millions of people.  Founded by music legend and environmental activist Pete Seeger, the organization began with the launch of the sloop Clearwater in 1969 —a majestic replica of the sloops that sailed the Hudson in the 18th and 19th centuries. Listed on the National Register of Historic Places, the 106-foot-long sloop is among the first vessels in the U.S. to conduct science-based environmental education aboard a sailing ship, creating the template for environmental education programs around the world. More than half a million young people and hundreds of thousands of adults have experienced their first real look at an estuary’s ecosystem aboard Clearwater. The organization’s strong connection to youth, environmental education, and its agenda to create the next generation of environmental leaders, are all part of building and strengthening a Green Cities Initiative for a green economy and a more inclusive and diverse environmental movement. Utilizing the greatest natural resource in the region, the Hudson River, Clearwater has become the grassroots model for producing positive changes to protect our planet.



Contact Info: Manna Jo Greene, Environmental Action Director at [email protected], or 845-265-8080, ext.7113

To request interviews with spokespeople quoted above, contact Julia Church, [email protected], 845-265-8080 x 7112, or Stephen Kent, [email protected] 914-589-5988

Website : Clearwater

ENN Network News – ENN

Community Environmental Center receives $3 Million HUD Grant

 Queens, NY — April 3, 2012 — The apartment houses in which many Americans live are aging and they waste energy, and that costs money. Building owners and tenants could help the environment, save energy and reduce their energy bills — if they only knew how.    


To address the problem, the U.S. Department of Housing and Urban Development (HUD) is testing innovative methods of lowering energy costs in multifamily residential properties across the country.  HUD has announced the award of nearly $ 23 million to 12 U.S. organizations, including $ 3 million to the Community Environmental Center, a nonprofit dedicated to energy conservation services for New York City’s buildings.


 “American buildings, particularly residential buildings, are the biggest users of energy in the United States,” said Richard Cherry, president of Community Environmental Center (CEC).  “Residential buildings account for more than 50 percent of U.S. buildings’ total energy consumption.  If this HUD pilot program can discover ways to cut energy costs and finance energy efficiency improvements for multifamily buildings, then building owners throughout the nation can do the same, and we will have made a giant leap forward in lowering the energy usage in this country – and reducing carbon emissions.”


CEC’s mandate is to demonstrate, and then document, the effectiveness of energy efficiency retrofits and tenant education in more than 900 apartments owned and operated by affordable housing providers. These providers include The Bridge, a New York City nonprofit that offers housing and other rehabilitative services to the homeless, people recovering from serious mental illness and substance abuse; Settlement Housing Fund, which creates and maintains economically and ethnically diverse affordable housing throughout New York City; and Grenadier Realty Corp., which manages more than 20,000 apartments, many of them in affordable housing complexes.


CEC will retrofit the majority of these apartments, which are located throughout the Bronx, Brooklyn, Manhattan, and Yonkers. The rest of the apartments will serve as a control group, so CEC can compare data and identify the impact of capital improvements and tenant education on fuel and electricity consumption.


 Working with a group of partners that includes Cornell University, Local 32BJ of the Service Employees International Union (SEIU) and the nonprofit environmental education organization Solar One, CEC will document the impact of the retrofits. CEC and its partners will also train both The Bridge’s tenants and its building personnel about how to maintain energy efficiency long after the HUD project is completed.


“The Bridge is excited to participate in this innovative project that can help our staff and tenants maintain important energy improvements and save money,” said Carole Gordon, Bridge Director of Housing Development.  “Tenant education is key to sustainability.”


Cornell University, which has recently been selected by Mayor Michael Bloomberg to partner with Technion and set up a cutting-edge NYC technology campus, will design and coordinate the research component. Led by Joseph Laquatra, professor of design and environmental analysis in the College of Human Ecology, a Cornell team will compare energy-use data from buildings that receive retrofits with those that do not, and will examine fluctuations in tenants’ and superintendents’ knowledge and motivation.


“CEC and Cornell will analyze and consolidate the results of this retrofit initiative,” said Laquatra, “to provide a template for other consortia of affordable housing stakeholders, environmental education providers and federal Weatherization Assistance Program sub-grantees across the country, so they can use the results to replicate the success of this project.”  



In addition to CEC, recipients of the HUD grants are the University of Illinois-Champaign (Illinois), Enterprise Community Partners (New York City), Heat Watch (Glen Head, New York), Columbus Property Management & Development (Philadelphia), iCast (Lakewood, Colorado), Jonathan Rose Companies (Newark, New Jersey), New Ecology (Boston, Massachusetts), Network for Oregon Affordably Housing (Portland, Oregon), Stewards of Affordable Housing for the Future (Washington, D.C.), Maryland Dept. of Housing and Community Development (Maryland), and NRG Solutions (Boston, Massachusetts).
For more information about CEC, please visit: www.CECenter.org


For more information about The Bridge: http://thebridgeny.org/


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CEC’s Roger Fraser and Emilio Roman do an energy audit.

Contact Info:

Website : Community Environmental Center

ENN Network News – ENN

Luminant Plants Over 1.7 Million Trees as Part of 2012 Reforestation Program

DALLAS–()–With recent rainfall providing ideal ground conditions, crews are
wrapping up their efforts to plant more than 1.7 million tree seedlings
at Luminant
mine sites. The annual four-month project is part of Luminant’s
long-standing commitment to quickly return mined land to productivity.

“Since all wildlife species require the fundamental habitat elements of
food, water and cover, Luminant is planting trees that produce acorns,
nuts, berries and fruit to better benefit area wildlife”

“This program is something we look forward to each year, but especially
this year after last summer’s drought and its impact on tree and plant
life in Texas,” said Sid Stroud, director of environmental mining. “We
are looking forward to seeing this year’s seedlings take root and grow.”

With the help of tree-planting machines capable of planting up to 10,000
seedlings a day, 35 species ranging from winged elms to a variety of
oaks are now growing across Luminant mine sites. Some species will be
used for commercial timber production, while others will help establish
quality wildlife habitat.

“Since all wildlife species require the fundamental habitat elements of
food, water and cover, Luminant is planting trees that produce acorns,
nuts, berries and fruit to better benefit area wildlife,” shared Stroud.

Planting of native species at each location began in December. Since the
program began 40 years ago, Luminant has reclaimed 69,295 acres and
planted more than 33 million trees. Even before federal and state laws
on land reclamation were adopted, Luminant was committed to advancing
the science of restoring the land following lignite mining. The success
of Luminant’s program proves it is possible to gain the benefit from
natural resources and reclaim the land in an environmentally sound
manner that adds value to it in the process.

For more information, please visit www.luminant.com
for Restoring
the Land
, an updated fact sheet detailing our reclamation and
reforestation efforts. You can also visit Luminant’s YouTube
channel
to learn more about the company’s reforestation process.

About Luminant

Luminant, a subsidiary of Energy Future Holdings Corp., is a competitive
power generation business, including mining, wholesale marketing and
trading, and development operations. Luminant has more than 15,400
megawatts of generation in Texas, including 2,300 MW fueled by nuclear
power and 8,000 MW fueled by coal. The company is also Texas’ largest
purchaser of wind-generated electricity in commercial operation and the
fifth largest in the United States. EFH is a Dallas-based energy holding
company that has a portfolio of competitive and regulated energy
subsidiaries, primarily in Texas. Visit www.luminant.com
or www.energyfutureholdings.com
for additional information.

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