Weekly Green Business Wrap-Up

Mitsubishi and BP look to the future of cleantechMitsubishi Ramps Up Cleantech Commitment, BP Bows Out of UK Wind Energy Efforts
In the wake of the U.S. presidential election, Mitsubishi Electric Corporation has announced plans to expand business operations aimed to helping to mitigate climate change. The plans call for ambitious new sales goals for solar power, heat pump systems, and energy efficient power devices, following its framework target plan outlined in Environmental Vision 2021. 
Energy giant BP said last week it will abandon plans to bid on the United Kingdom’s first carbon capture and storage project and not build a planned wind farm on the Isle of Grain. BP sees the shift in the coming American president and his pledge to invest $150 billion in renewable energy in the next decade and says it will shift its wind energy focus to the United States.

SAP unveils first sustainability reportSAP Unveils First Sustainability Report, Seeks Co-Innovators for Change
After releasing its first sustainability report, software provider SAP doesn’t necessarily have plan laid out to the future, but they’ve got a place to start, or what the company calls its “60,000–foot view”. With CO2 emissions of 406,230 metric tons, and nearly 75% of that coming from business travel or Scope 3 greenhouse gases, the strategy for mitigating that footprint will involve social networking and “Web 2.0” tactics to “co-innovate” an overall framework to greater sustainability.

California Clean Tech Open announces six winnersClean Tech Open 2008 Tees Up Six Winning Startups
Now in its third year, the California Clean Tech Open named six winners in an awards ceremony at the Palace of Fine Arts in San Francisco on November 6th. The Clean Tech Open serves as an “innovation catalyst” to motivate entrepreneurs and early stage companies to create and develop sustainability and clean technologies. This year’s winners included “high performance, consumer friendly diapers” and a company that helps data centers increase their operational efficiency.

Big business works to green their operationsFedEx, IBM and Office Depot Report Green Progress
Corporate responsibility reports are on the rise. Among the most recent is FedEx working to optimize routes, increase fuel efficiency, and reduce aircraft-related carbon emissions. IBM comes in with a nearly 32% reduction in perflourocompoound emissions from its semiconductor manufacturing. Office Depot has increased waste recycling in its U.S operations to 49% (in Europe the company recycles 71% of its waste), offers 30% more green office products for sale, and has reduced its transportation carbon emissions in the U.S. by 9.6%

 Canada opens its largest wind farmCanadian Hydro Opens Canada’s Largest Wind Energy Installation
Canadian Hydro Developers, Inc. announced the opening of the 199.5 megawatt Melancthon EcoPower Centre, the largest wind energy installation in Canada.


REI moves ahead with solar energy planREI Forges Ahead with Solar Plan
Outdoor gear and apparel company REI celebrated the completion of its third San Francisco Bay Area rooftop solar system this week. This brings the company nearly halfway of installing solar systems on 10% of its 105 stores in 27 states. In all 11 stores will have solar systems installed by the end of the year, with a total of four acres of installed solar panels expected to generate 1.1 million kilowatt-hours of electricity.

The times, they are a-changin’

Despite the continuing turmoil in the economy in general, there is a lot of excitement and anticipation for a changing landscape with the coming of a new administration in January. On Wednesday, I attended a discussion hosted by TiE in Silicon Valley about the future of energy. Speakers at the program included Chris Flavin of the Worldwatch Institute and Dr. Dick Swanson, founder of SunPower. It was an encouraging and enlightening talk, and I will summarize it in a post next week.

Jen is off today, studying hard to help make good on this growing excitment for a sustainable world, but she’ll be back next week with the Green Business Wrap-up. Have a great weekend!

Tom is the founder, editor, and publisher of GlobalWarmingisReal.com and the TDS Environmental Media Network. He has been a contributor for Triple Pundit since 2007. Tom has also written for Slate, Earth911, the Pepsico Foundation, Cleantechnia, Planetsave, and many other sustainability-focused publications. He is a member of the Society of Environmental Journalists

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