The jury might still be out on when the world will run out of oil, but the rising human and economic costs associated with climate change, air pollution and overall environmental decline are accelerating the world towards a low-carbon economy. In recognition of this reality, a half-dozen investors recently filed shareholder resolutions with 10 fossil fuel companies, including Exxon Mobil and Chevron, seeking an explanation of their strategies for competing in a low-carbon global market.
Category: Investment & Markets
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In the wake of the tragic New Year’s death of a 6-year-old girl in San Francisco caused by an on-duty Uber driver, along with another recent collision involving a Lyft driver, the public’s attention has turned to the insurance gaps in the fledgling ridesharing industry. To help bridge these gaps, Lyft announced last week a new Peer-to-Peer Rideshare Insurance Coalition, comprised of transportation companies, regulators, insurance providers and other stakeholders that have come together to address how the insurance industry can continue evolving to support the ridesharing economy.
The displaced polar vortex, with its frigid temperatures and strong winds, has caused energy use to soar–creating supply shortages and rising energy costs. But wind power has performed well overall.
Over the past 16 months, Scoot has enabled 10,000 rides while covering an aggregate distance of more than 50,000 miles. The company estimates its service has kept 62,000 pounds of CO2 from the environment.
The boom in solar energy in the U.S. is due in large part to innovative financing, putting solar within reach of almost any business or homeowner with a roof, for little more than their signature. But for nonprofits it’s a different story.
The New Markets Tax Credit program spurs community development in economically hard-hit census tracks, with the benefits rippling beyond the first project out of the gate.
Formally announced in a panel discussion at the World Future Energy Summit in Abu Dhabi last week, the Vestas-backed Wind for Prosperity initiative claims to have devised a solution that will power the developing world while yielding returns for investors.
SPECIAL SERIES: The Rise Of The Sharing Economy
On January 29th, the Founder of TriplePundit, Nick Aster, led a live conversation with Neal Gorenflo (Founder of Shareable) and Nicco Mele (Founder of EchoDitto). The three discussed the growing movement of the “sharing economy.”
San Francisco-based Re-volv Solar is out to change the way solar energy is funded, and so far, it’s off to a great start. With one completed project under its belt, its second project is more than three-quarters funded and quickly setting a record for solar’s new funding concept.
Total corporate funding for solar last year was up 25 percent to $10 billion, according to the report. But the solar funding tide was not universally high, as global venture capital (VC) investments actually declined 40 percent to $600 million.
Read the open letter to CBS by venture capitalist Vinod Khosla in rebuttal to the January 5 error-ridden, misleading 60 Minutes story “The CleanTech Crash.”