A Political About-Face In the Green Sector
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Last week ended strongly when a report surfaced showing that solar executives from Suntech, Sharp, and BP are "bullish on 2010."
First thing this week, Republicans took away that sentiment by deciding to boycott Senate Committee work on the climate change bill. Citing cost concerns, all seven Republicans on the Environmental and Public Works committee failed to show.
Inaction prevailed as a theme early in the week. . .
On Tuesday, stories were circulating about EU Commission President Jose Manuel Barroso and his doubts about establishing a full-fledged climate deal next month in Copenhagen.
But by midweek, things were looking up. . .
Ford, Kraft, Cisco, and Toyota all posted strong earnings.
And British climate expert Nicholas Stern came out in defiance of Barroso, claiming there is a "very good chance" of establishing a firm treaty in Copenhagen.
Further good news came from the Blue Green Alliance, which issued a report Wednesday showing that "U.S. clean energy legislation could help create 850,000 manufacturing jobs around the country."
Then on Thursday, the world's second-largest producer of geothermal energy announced a plan that could put them in the top spot. The Philippine government announced a geothermal expansion plan that could attract up to $2.5 billion in private investment.
And finally, to complete the week's about-face, Senate democrats on Thursday ignored the Republican boycott and rammed the climate change through committee without them.
According to committee Chairman Barbara Boxer, the move was a "great signal for Copenhagen that there's a will to do what it takes to advance this issue."
You can catch up on the rest of the week's events by checking out more Imagine investing in Ford, before the Model T. . . Volkswagen, before the Bug. . . or Toyota, before the Camry. . . Multiply this investment by a factor of 10 — that's what's going on in China right now. We'll reveal the battery company that you don't want to be last to know about.
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