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McCain-Lieberman Support Eroding Over Nuclear Provisions

Nuclear power provisions added to Sens. John McCain (R-Ariz.) and Joe Lieberman’s (D-Conn.) global warming bill have led to an erosion of support from at least three key Democratic supporters. Sens. Barbara Boxer (D-Calif.), Dianne Feinstein (D-Calif.) and Maria Cantwell (D-Wash.) all said in interviews today that they will not vote for the McCain-Lieberman climate change legislation next week should it include $600 million in incentives for the construction of three new nuclear power plants. McCain and Lieberman added the provision to their mandatory cap-and-trade plan last month with the hope it would spur additional support for a measure that garnered 43 votes the last time it came up on the Senate floor in October 2003. “I wish they hadn’t put that in there,” Cantwell said. While questioning whether any lawmaker would be enticed by the nuclear language, Cantwell added, “I think you might lose some people in the process.” Said Boxer, “I would oppose the building of new nuclear power plants. You’re trading one problem for another.” Feinstein said she planned to raise the issue in discussions this week with McCain and Lieberman. Senate floor debate on global warming amendments is expected next week as the chamber proceeds through […]

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Evergreen Solar Added to Russell 2000, Russell 3000 Indexes

Evergreen Solar, Inc. (Nasdaq: ESLR), a low-cost manufacturer of solar power products, is scheduled to join the Russell 2000 and Russell 3000 indexes. The newly reconstituted Russell indexes will become effective at the close of the U.S. markets on June 24, 2005. “During the past 12 months, Evergreen Solar has achieved several significant milestones, including strong revenue growth, positive gross margins, technological breakthroughs and our strategic partnership with Q-Cells,” stated Evergreen Solar President and Chief Executive Officer Richard M. Feldt. “Our addition to the Russell indexes is a reflection of the Company’s substantial progress and will help continue to raise our visibility on Wall Street.” Membership in Russell’s indexes is determined primarily by market capitalization rankings and style attributes. Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies.

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Canada Invests $28.3 Million in Innovative Technology

The Honourable David L. Emerson, Minister of Industry, announced investments totalling $28.3 million through Technology Partnerships Canada (TPC) with three innovative British Columbia small and medium-sized enterprises. These investments will advance research projects with the potential to benefit both the forest and hydrogen industries across Canada. “In Budget 2005, the Government of Canada made a specific commitment to investing in enabling and environmental technologies,” said Minister Emerson. TPC will be investing up to $9.8 million toward a $48.9-million research project undertaken by CellFor Inc. in Vancouver to develop and scale up a novel plant reproduction system for the selection and mass production of naturally occurring, genetically superior conifer seeds and seedlings. This is the first time these seeds and seedlings will be made available to the forest industry, offering the potential to enhance the industry’s productivity and improve the sustainability of Canada’s forests. In addition, TPC will invest in two hydrogen fuel cell technology research projects with the potential to advance the hydrogen economy, leading to reduced greenhouse gas emissions and contributing to a sustainable environment. TPC will invest up to $9.5 million toward a $28.9-million project undertaken by Cellex Power Products Inc. in Richmond. Through this project, the company […]

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