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Beverly, MA, United States, 2009/08/06 - Combining the very best of industry news, the August issue of Energy Digital magazine also confronts drilling’s long-term impact in East Texas, gets one on one with Iogen executive Jeff Passmore and profiles the world’s innovative energy companies.
Reducing carbon emissions is a hot topic for many, but new legislation across the globe is increasing pressure on organizations to confront the issue of climate change head on. The US, UK and Canada all have their own targets set and Energy Digital magazine looks at how stock markets are meeting those standards. In Stock Markets Go Green, Energy Digital finds that 80 percent of the FTSE 100 companies consider climate change to be a business issue. And some companies are making emissions reduction a matter of their core business strategy. Among those leading the charge are HSBC, Wal-Mart and Dell, with the latter having nine of its facilities in the US and Europe being powered with 100 percent renewable energy.
Quotes from the article:
• HSBC Group Chairman Stephen Green: “Our goal is to be a leading brand in corporate sustainability and this remains fundamental to our strategic aims.”
• Dell statement on environmental responsibility: “Increasingly, those looking to purchase shares or invest in a business will choose those organizations whose values they believe in, as well as just focusing on the standard financial criteria.”
• Carbonetworks Vice President of Corporate Development, Stephen Mooney, on the challenges: “I think the biggest problem organizations face with regards to greenhouse gas management right now is the lack of awareness in the boardroom.”
Cleburne was once a depressed little town just south of Forth Worth, Texas. But today it is a booming hot bed of newly minted millionaires who are cashing in on the town’s natural gas deposits. Located in a gas field called the Barnett Shale, more than 2,000 wells have been drilled in the past eight years. Still, despite all this new wealth, seven minor earthquakes have been recorded in the small town of Cleburne and some are blaming the drilling companies. What Energy Digital found in The Earth Moves for Gas Drillers is that once the gas is found, drilling companies pump in water under high pressure to force the gas to the surface.
What experts and townspeople alike are saying in the article:
• Adjunct geology professor with Tulane University, Barry Kohl, on the tremors: “The water could actually make things worse because it acts like a lubricant, causing rocks lodged together at a fault line to slip out of place.”
• Cleburne’s City Manager, Chester Nolan: “Everybody has an opinion, and it largely depends on whether you have mailbox money.”
“Mailbox money” refers to the money delivered in the mail each month by drilling companies who rely on the townspeople to provide access to the shale. See if you think Cleburne is getting its money’s worth.
In this month’s Q&A, Energy Digital sits down with Jeff Passmore, Iogen’s Executive Vice President of Public Affairs, to learn about the company’s specialty: cellulosic ethanol technology. As one of the world’s leading biotechnology firms, Iogen Corporation of Canada is a rarity in its industry, as it is one of the only companies to focus on both enzyme and cellulosic ethanol technology. Passmore reveals that cellulosic has the potential for very significant greenhouse gas emission reductions – close to 90 percent or greater on site in Canada.
Rounding out the latest issue of Energy Digital magazine are profiles of energy companies who are all on the leading edge of the industry, including a host of international firms making an impact today.
To get more from the magazine that brings you the latest news and trends in global energy, sign up for EnergyDigital.com’s newsletters and get your free subscription to Energy Digital magazine.
About Energy Digital
Energy Digital is a pioneering digital media site exploring energy issues and opportunities facing top executives, with daily, intelligent news, as well as rich and entertaining monthly content via the Energy Digital Magazine. EnergyDigital.com meets a previously unmet demand for busy, top-level energy executives, who can find pertinent business news, sector-driven articles, exclusive interviews, and digital tools and resources all in one place. In just two short years, EnergyDigital.com has offices in Boston, San Diego, Toronto and Norwich, UK, as it aims to build one of the largest global marketplaces for B2B executives.
Entrepreneur Glen White founded EnergyDigital.com in January 2007.